Tokai sees recovery in Q1 results

ERJ staff report (DS)

Tokyo -- Tokai Rubber Industries saw a strong return to profit in the three months to 30 June 2010. The company reported consolidated net sales during the first quarter, of ¥ 64,494 million (euro 568 million), up by 46.5 percent on the same period a year ago. Recurring profit was strongly positive, at ¥3423 million compared to a loss of 2036 million in the same period of 2009.

In the auto accessories business, a significant increase in car production, led to higher demand for anti-vibration rubber hoses for vehicles, both interior wood polyurethane insulation systems. As a result, and excluding intersegment activity sales reached 51,030 million yen, and operating income was ¥ 2645 million. This contrasts with a loss of yen 1557 million on sales of yen 33 803 million in the same period in 2009.

The industrial supplies segment reported profits of yen 837 million on sales of yen 13 464 million. A year earlier,. the industrial segment reported a loss of yen 387 million on sales of yen 10 214 million

By region, Tokai generated most sales (yen 41 403 million) in Japan, from the total of yen 64 494 million. After Japan came North America (yen 11 783 million), East Asia (6255 million) and the rest of the woirld including Europe (yen 5053 million)

In the same quarter a year ago, Tokai saw sales in Japan at Yen 30 846 million; North America at yen 6818 million; East Asia at 3149 million and the rest of the world at yen 3204 million.

This is an external link and should open in a new window. If the window does not appear, please check your pop-up blocking software. ERJ is not responsible for the content of external sites.

results statement from Tokai (Japanese language)

Above document auto-translated into English (from Japanese)