Issue Date: May 14, 2012
Japanese Firms Struggle To Profit
Profits at major Japanese chemical companies were generally lower in the most recent fiscal year, which ended on March 31, compared with the year-ago period. Companies blame the drop in financial performance on the weakness in the world economy and the earthquake that struck Japan in March 2011. Nevertheless, most producers remained profitable.
Alone among major Japanese chemical makers, Mitsui Chemicals, a producer of large-volume commodity chemicals, reported a small net loss . . .
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