ERJ staff report (DS) - Financial results for the six months to 30 Sept 2011 and new forecasts from Kinugawa Rubber Industrial and Fujikura Rubber have been published.
Fujikura reported sales of yen 13.35 billion (euro 127 million), down 1.7 percent on a year ago. Operating profits were yen 256 million down by 76 percent on a year ago.
Kinugawa reported sales of yen 33.72 billion (euro 320 million), up 2.3 percent on a year ago. Operating profits were yen 3.92 billion up by 1.0 percent on a year ago.
Kinugawa said its operating profits will be yen 8.5 billion (previously yen 7.7 blilion) on sales of yen 70 billion (previously66 billion) for the 12 months ended March 2012.
Fujikura Rubber Ltd manufactures industrial rubber
Kinugawa Rubber Industrial Co Ltd is a major car rubber parts
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Fujikura results from Reuters
Kinugawa forecasts from Reuters
Kinugawa results from Reuters