Japan’s JSR net profit in April-September falls 13%, sales stable

24 October 2011 08:21  [Source: ICIS news]

TOKYO (ICIS)--Japanese chemical producer JSR Corp has on Monday posted a 13% decline in its net profit in April-September to yen (Y) 11.6bn ($152m) from Y13.3bn in the corresponding period a year earlier.

This was a result of a sharp decline in domestic automobile production, which was affected by the 11 March earthquake and tsunami in northeast Japan, the company said in a statement.

JSR’s operating profit in the six months to 30 September 2011 fell by 3% to Y19.5bn from Y20.1bn in the same period a year ago, while net sales remained at Y170.3bn year on year, the company said.

In the same six months, its operating profit in the elastomers business rose by 62% to Y10.4bn from a year ago, while net sales were up by 9.6% to Y86.2bn, according to JSR.

This was partly because net sales and sales volume of styrene butadiene rubber (SBR) and polybutadiene rubber (BR) had risen steadily as a result of increased global demand for automotive tyres, the company said.  

($1 = Y76.28)

For more on JSR, visit ICIS company intelligence

By: Tomomi Yokomura
+65 6780 4359

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