Volume 90 Issue 20 | p. 11 | News of The Week
Issue Date: May 14, 2012

Japanese Firms Struggle To Profit

Annual Results: Earthquake and weak global economy take a toll
Department: Business
Keywords: earthquake, loss, Mitsui, Shin-Etsu

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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