IHS Chemical Week

Chemical Week Magazine :: Business & Finance :: Asia/Pacific

Japanese companies report lower earnings and sales

7:11 AM MST | February 15, 2013 | —Deepti Ramesh

Most of the leading Japanese chemical companies report lower earnings and sales for the fiscal first nine months ended 31 December 2012. The slowing global economy; weak demand in overseas markets, including China; and the continued appreciation of the Japanese currency affected each company’s financial performance. Only Shin-Etsu Chemical and DIC Corp. report an improvement in earnings in the nine-month period. Quarterly figures were not disclosed. Mitsubishi Chemical reports a 71.3% fall in net profits for the fiscal first 9 months ended 31 December...

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