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Toyo Ink Announces 1Q 2012 Results

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Toyo Ink SC Holdings Co., Ltd. announced the quarterly financial results for the fiscal year ending March 31, 2013. For the quarter ending June 30, 2012, Toyo Ink’s net sales decreased 1.5% to ¥60,320 million, while operating income was ¥3,925 million, a decline of 9% from 1Q 2011. Net income fell 27.8% year on year to ¥1,971 million. Toyo Ink noted that the global economic slowdown is impacting its businesses.   Sales in the Printing and Information Business, which includes offset inks, de...

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