Industry News

Toyo Ink Announces 1Q 2012 Results

Sales, operating income decline compared to 1Q 2011

Author Image

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 yen, while operating income was 3,925 million yen, a decline of 9% from 1Q 2011. Net income fell 27.8% year on year to 1,971 million yen. Toyo Ink noted that the global economic slowdown is impacting its businesses. “Both in Japan and overseas, demand remained stagnant and the price of...

Continue reading this story and get 24/7 access to Ink World magazine for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Ink World magazine Newsletters