Industry News, Ink Manufacturers News

Toyo Ink Announces Results for First Nine Months of 2023

Operating profit is up 72% to $61 million from the first nine months of 2022.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Toyo Ink SC Holdings Co., Ltd. announced financial results for the first nine month of fiscal year 2023. Consolidated net sales for the nine months of fiscal 2023 were ¥238,235 million ($1.605 billion), an increase of 01.4% over 2022’s first nine months. Operating profit was ¥9,131 million ($61 million), up 72% from 2022. Sales in the Packaging Business were ¥62,431 million ($421 million), an increase of 0.5% from the first half of 2022. Operating profit was ¥2,575 million ($17.35 million), u...

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