Industry News, Ink Manufacturers News

Toyo Ink Announces 1H 2023 Results

Packaging Business sales were up 0.9% from the first half of 2022.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Toyo Ink SC Holdings Co., Ltd. announced the first half financial results for the fiscal year ending June 30, 2023. Consolidated net sales for the first half of fiscal 2023 were ¥153,676 million ($1.063 billion), a decrease of 0.7% over 2022’s first half. Operating profit was ¥4,752 million ($33 million), up 3% from 2022. Sales in the Packaging Business were ¥40,361 million ($279 million), an increase of 0.9% from the first half of 2022. “In the liquid ink products market in Japan, consume...

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