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Sales up 2.8 percent, although net income declined
August 12, 2011
By: DAVID SAVASTANO
Editor, Ink World Magazine
Toyo Ink SC Holdings Co, Ltd. announced its consolidated quarterly financial results (Japanese Accounting Standards) for the first quarter of the fiscal year ending March 31, 2012. Sales for the first quarter were ¥61,255 million, up 2.8% over fiscal year 2010. However, net income was ¥2,731 million, down 7.8 percent from FY 2010. According to the company, during the first quarter of the consolidated fiscal year under review, the Japanese economy remained stagnant, given the effects of the...
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