Tokyo – Zeon Corp has reported a year-on-year fall in sales and profits in the first nine months of its fiscal 2016, ended 31 Dec 2016.
In its 9-month results statement 30 Jan, the Japanese speciality chemicals company said sales in elastomers business fell by 12% to Yen112 billion (€928 million) while operating income dropped 17% to Yen13.5 billion in the three quarters.
In terms of volumes, rubber sales dropped 5% to 224 kilotonnes with domestic sales of general purpose rubber seeing a 10% decline and exports of speciality rubber falling 12%.
For the full fiscal year 2016, Zeon forecast net sales at its elastomers business to come in 6% lower year-on-year at Yen167.6 billion and operating income to decline by 2%.
Zeon’s English language financial report did not include a commentary on the figures, though Japanese businesses generally have been impacted by the strength of the yen over recent months.