Izumi Ohe provides an insight into the Japanese gases market and discusses business opportunities throughout the global recession for the industrial gas players.
Exactly one year has passed since the bankruptcy of the Lehman Brothers all at once plunged the world into an economic recession. The Japanese manufacturing industry and the industrial gas market alike, were of course hard hit by the recession.
The consolidated business results of Taiyo Nippon Sanso for FY2009 ending March showed sales of around ¥500bn, down by 2.4% over the previous year. Ordinary profit amounted to ¥28bn or less, likewise a drop of 27.4%.
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