Taiyo Nippon Sanso (TNSC) has seen encouraging signs of demand in its gas business.
Net sales for the first two quarters of fiscal 2010 (1st April to 30th September 2009) were ¥204.157m, compared to ¥255.990m in 2009, a differential of 20.2%.
Operating income dropped 29.7%, to ¥12.761m, and net income stood at ¥6.828m, having fallen by 31.3%.
During the first two quarters of fiscal 2010 the Japanese economy showed signs of a bottoming-out. This was primarily due to increased consumer spending, the implementation of economic stimulus packages in the world’s leading economies, including Japan’s, and a recovery in demand, which pushed up capacity utilisation rates in leading industries, owing largely to growth in exports to China and other markets.
... to continue reading you must be subscribed
