Volume 91 Issue 20 | p. 7 | News of The Week
Issue Date: May 20, 2013

Earnings Fall In Japan

Annual Results: Latest fiscal year hurt nation’s chemical makers
Department: Business
Keywords: Japan, earnings, Shin-Etsu, petrochemicals

Japan’s economy expanded at an annualized rate of 3.5% in the first three months of 2013, but its chemical industry did not benefit from this growth. For the fiscal year that ended on March 31, most of Japan’s large chemical companies reported earnings lower than in the previous fiscal year or even losses.

Several companies also reported lower year-over-year sales, a drop they attributed to sluggish demand both in Japan and abroad. The drop happened . . .

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