ERJ staff report (DS)
Tokyo - Tokai Rubber said sales in the three months to December 2011 amounted to yen 178,880 million (euro 1753 million), a 7.9 percent decline on the figure of yen 194,240 million reported a year previously. Operating profits fell by 33 percent, to yen 7551 million from yen 11261 million.
The company said it had been affected by the floods in Thailand, as well as the global economic situation and the Euro-zone crisis.
Furthermore, sales volumes in automotive anti-vibration products were badly affected by the great Tohoku earthquake and subsequent tsunami in March 2011.
On the brighter side, sales of high pressure hoses and earthquake bearings were strong in China.
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Press release from Tokai Rubber(Japanese language)
Above press release auto-translated from Japanese