Teijin records higher profit

Teijin records higher profit

12:15 PM, 17th June 2011
Teijin records higher profit

TOKYO, JAPAN: In fiscal 2010, the year ended March 31, 2011, economic conditions were generally favourable worldwide. China and key Association of Southeast Asian Nations (ASEAN) countries continued to enjoy brisk domestic demand-led growth. In the United States, the underlying tone remained encouraging, while in Europe conditions overall remained stable, although the impact of the financial crisis became an issue in certain countries. The Japanese economy was firm, despite the rising value of the yen, buttressed by exports and the implementation of economic stimulus measures.

Against this background consolidated net sales in the period was ¥ 815.7 billion, up 6.5 per cent from fiscal 2009. Operating income soared 3.6 times to ¥ 48.6 billion, while ordinary income advanced ¥ 48.3 billion to ¥ 50.3 billion. Net income amounted to ¥ 25.2 billion compared with a net loss of ¥ 35.7 billion in the previous fiscal year, yielding net income per share of ¥ 25.59, measured against net loss per share of ¥ 36.26 in fiscal 2009.

For the business segment, sales in high-performance fibres segment amounted to ¥ 103.4 billion. Operating income was ¥ 4.4 billion. The carbon fibres demand showed signs of recovery. The polyester fibres segment, generated sales of ¥ 103.5 billion. The segment returned to profitability with operating income of ¥ 3 billion. Sales for the films and plastics segment were ¥ 217.1 billion, while operating income was ¥ 23.4 billion. 

As for the pharmaceuticals and home health care segment, sales amounted to ¥ 136.4 billion and operating income was ¥ 22.9 billion. The trading and retail segment yielded sales of ¥ 216.9 billion, while operating income was ¥ 4.7 billion.

Due to unusual difficulties in determining the future outlook as a result of the March 11 earthquake disaster, forecasts for fiscal 2011 operating results will not be issued, the company said. In the coming months, we will carefully assess the effects of the disaster on our operations, and those of our customers and suppliers, and based on our findings will formulate our operating results forecasts.  

(C) WOC News





Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

Arkema wins $ 155.2 million cut in acrylic-glass cartel fine

LUXEMBOURG: Arkema SA won a € 105.8 million ($ 155.2 million) cut in European Union fines for fixing the price of acrylic glass used in DVDs, whi ...

Read more
Celanese profits up on higher pricing and improved volumes

•Net sales were $ 1,589 million, up 14 per cent from prior year period •Operating profit was $ 188 million versus $ 14 million in prior yea ...

Read more
Air Products board elects new director

PENNSYLVANIA, US: Susan K Carter, Executive VP and Chief Financial Officer of KBR Inc, has been elected to Air Products’ board of directors. Co ...

Read more
LyondellBasell to seek buyer for Berre, France refinery

ROTTERDAM, NETHERLANDS: Lyondell Basell intends to seek a buyer for the 105,000 barrel-per-day refinery at Berre, France operated by its subsidiary, c ...

Read more
Dow Corning names new CEO, Robert Hansen

The company has elected Robert Hansen as CEO of Dow Corning Corporation, while Stephanie A Burns will remain Chairman. Burns will continue to counsel ...

Read more
Shaw renews and expands contract with Albemarle

BATON ROUGE, US: The Shaw Group Inc has renewed a contract with Albemarle Corporation to provide maintenance, engineering, construction, reliability ...

Read more
www.worldofchemicals.com uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X