JSR sales fell in first quarter

ERJ staff report (DS)

Tokyo -- JSR Corp (previously known as Japan Synthetic Rubber) saw sales fall in the three months to 30 June 2011. The period started on 1 April, just three weeks after Japan's great Tohoku Earthquake.

The company reported total consolidated sales of yen 84 358 million (euro 750 million) in the period, down 2 percent from the figure of yen 86 225 million reported a year previously. Operating income fell, but remained positive, at yen 9236 million, compared with yen 10 032 million.

The company expects sales in the second quarter to grow more strongly, so that first half sales will be 2.8 percent ahead of last year's, while the full-year prediction is for sales of yen 370 000 million, up by 8.6 percent on FY2011.

Thje company did not break out its results by business segment.

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Press release from JSR Corp.