Japan's Big Four Ink Company Doubles Its Market Profit in 2004

Japan's four major ink companies, including Dainippon Ink Chemicals, have forecast that due to the very good sales in Japan, China, and other Asian markets, their operating profits will have double-digit growth in fiscal year 2004.

Dainippon Ink Chemicals Corporation stated that by March 2005, that is, in fiscal year 2004, its operating profit is expected to increase by 14% from the previous year to 50 billion yen, while its net profit will increase by 57%. 100 billion yen. However, sales are expected to have a large increase from the previous year, which is estimated to be 960 billion yen. The company believes that in this financial year, it can reduce costs by 6.5 billion yen through the integration of its printing ink company's product and sales business in the United States and Europe, and the raw material and energy costs brought about by the rise in crude oil prices. The growth rate is more than 5 billion yuan.

Toyo Chemical Ink Manufacturing Company expects its sales to reach 230 billion yen in fiscal 2004, a 6% increase over the previous year; its operating profit is expected to reach 11 billion yen, an increase of 16%; net profit is expected to reach 5 billion. The yen, an increase of 44%.

Putian Ink Company predicts that its operating profit for fiscal 2004 is expected to increase by 10% from the previous year to 5 billion yen; net profit is expected to increase by 45% to 3.8 billion yen; sales will increase by only 2% to 95.7 billion. JPY.

Tokyo Printing Ink Manufacturing Company expects to see significant growth in its color resin molding materials business for automotive interiors, which will drive its total sales to increase by 3% to 55.5 billion yen; its operating profit is expected to increase by 55%. At 1.6 billion yen, net profit will increase by 250% to 700 million yen.


Source: Chemical Online