Ichikawa Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2011
January 31, 2012
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Ichikawa Co., Ltd. reported consolidated earnings results for the nine months ended December 31, 2011. For the quarter, net sales were JPY 8,321,346,000 against JPY 8,929,387,000 a year ago. Operating income was JPY 406,267,000 against JPY 472,534,000 a year ago. Ordinary income was JPY 406,439,000 against JPY 431,017,000 a year ago. Income before income taxes was JPY 390,544,000 against JPY 165,393,000 a year ago. Net income was JPY 414,292,000 against JPY 194,485,000 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.