09 May 2012 07:52 [Source: ICIS news]
The chemical maker’s net sales rose by 1.1% year on year to Y1,573bn in the full-year period ending 31 March, while operating income fell by 15.2% year on year to Y104.3bn, the company said in a statement.
Its chemical segment’s sales slipped by 2.8% year on year to Y680.1bn in the same period, while operating income decreased by 30.9% to Y44.5bn.
Operating income from chemicals and derivative products decreased as market demand in
“Operating income from polymer products increased as engineering plastics recovered in the second half after a downturn following the Great East Japan Earthquake, and synthetic rubber for tires performed well,” it added.
For the fiscal year ending 31 March 2013, the company expects its net income to grow by 19.2% year on year to Y66.5bn, with sales up by 13.2% at Y1,781bn, the company added.
($1 = Y80)
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