Volume 92 Issue 20 | p. 5 | News of The Week
Issue Date: May 19, 2014 | Web Date: May 16, 2014

Chemical Company Profits Surge In Japan

Annual Results: Weaker yen boosts performance of specialty producers
Department: Business
Keywords: Japan, restructuring, profits, earnings, petrochemicals, electronic materials

Buoyed by a weaker yen and improving economic conditions in Japan and the U.S., most major Japanese chemical companies reported a sharp increase in earnings in the fiscal year that ended March 31. The rise in profits occurred even though several firms booked large charges to restructure their Japanese petrochemical operations.

Nonrecurring items helped boost profits at some companies. For instance, both Asahi Kasei and Mitsubishi Chemical received large . . .

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