Nishikawa Rubber posts Q1 loss on earthquake effects

ERJ staff report (DS)

Tokyo - Nishikawa Rubber has posted an operating loss on increased sales in the three months to 30 June 2011.

Net sales in the first quarter of current fiscal year amounted to 13.3 billion, an increase of 75 million yen (up 4.1% year on year), but the company recorded an operating loss of ¥ 11 million.

The company said it saw a marked decline in production of vehicles and this impacted its automotive activities. As a result, the automotive division recorded ales of yen 12,285 million, a n increase compared to last year's figure of yen 11,980 million. However, the unit made a loss of yen 88 million compared to a profit of yen 1083 million a year ago.

The industrial goods segment performed better, with sales up to yen 1090 million and a segment income of yen 76 million compared with sales of yen 863 million and income of yen 47 million a year ago.

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Quarterly report from Nishikawa (Japanese language)

Above document auto-translated into English from Japanese