Ichikawa Co., Ltd. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2012
August 02, 2012
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Ichikawa Co., Ltd. announced consolidated earnings results for the first quarter ended June 30, 2012. For the period, the company reported net loss of ¥67.77 million, loss before minority interest of ¥67.77 million, loss before income taxes of ¥56.55 million, ordinary income of ¥34.57 million and operating income of ¥46.84 million on net sales of ¥2,650.47 million compared to net income of ¥225.15 million, income before minority interest of ¥225.15 million, income before income taxes of ¥205.38 million, ordinary income of ¥207.85 million and operating income of ¥210.36 million on net sales of ¥2,744.11 million for the same period a year ago.
ICHIKAWA CO.,LTD. is a Japan-based company mainly engaged in the manufacture and sale of paper making products and industrial products. The Company operates through five business segments. The Paper Making Product (Japan, the Americans, Europe, and China) segment is mainly engaged in the manufacture and sale of paper making felts, paper making belts and slate felts. The Company distributes its products within the domestic market and to overseas markets, including the Americas, Europe and China. The Industrial Product segment is mainly engaged in the manufacture and sale of industrial felts and related industrial products. The Company is also engaged in the warehouse business.