Nippon Kasei Chemical Co. Ltd. Reports Net Loss According to BAC Company Report
05 Jun 2012 • by Natalie Aster
LONDON – Nippon Kasei Chemical had a challenging year in 2011. Company’s Onahama factory was severely damaged during the earthquake, and the operations there were resumed only in August 2011. Ammonia-based products facility was damaged by the earthquake and shut down; Carbon black facility was forced to close due to equipment damage. Sales volumes decreased due to lesser capacities and weaker demand. The demand from semiconductor-related fields has decreased gradually, and synthetic quartz powder delivered a decrease in sales volume. For high-grade aqueous urea denitration diesel the year appeared flat due to intensifying market competition and sales expansion efforts. More specifically, sales of the nine-month period ended December 31, 2011 were down 20.9% year on year to JPY 23,022 million. Operating income was down 78.7% YoY.
The results for the quarter ended December 2011 reveal the weakest period in FY 2011/12. Revenue amounted JPY 7.5 B, gross profit equaled JPY 1.2 B, operating and net income both dropped below zero point and reached JPY (139) M and JPY (105) M, respectively.
Founded in 1937 and headquartered in Tokyo (Japan), Nippon Kasei Chemical is a manufacturer and distributor of inorganic and specialty chemicals. The company operates the following departments: Inorganic chemicals, Specialty chemicals, Inorganic materials. It also engages in engineering business (freight and cargo handling). Nippon Kasei trades on Tokyo Stock Exchange under the ticker 4007.
Further description of the company’s present activities, financials, business possibilities and experts’ forecasts can be found in the report "Nippon Kasei Chemical Co. Ltd. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis" recently published by Market Publishers Ltd.
Title: Nippon Kasei Chemical Co. Ltd. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis
Date: May, 2012
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