Zeon revises forecasts upwards

ERJ staff report (DS)

Tokyo -- Zeon Corp has issued revised forecasts for its full year figures. While sales are expected to be only slightly higher, profit figures are projected to increase by over a third.

The company says it expects sales for the 12 months to the end of March 2012 to reach yen 283,000 milllion (euro 2502 million), up by 1 percent from te previous forecast of Yen 280 billion. Operating income is projected to be 40 percent higher, at yen 35 billion (compared with yen 25 billion)

The company said it has reviewed the impact of the Tohoku earthquake and now expects the disaster to have less impact than its initial estimates.

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Press release from Zeon (Japanese language)

Above Press release auto-translated into English from Japanese