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Takasago Reports Q2 2012 Financials

Posted: November 28, 2011

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In Japan, due to earning recovery in the company’s flavor and fragrance businesses, net sales were ¥35,967 million (a decrease of 2.6% from the same period last year) and operating income was ¥3,008 million (an increase of 12.4% from the same period last year). In the Americas, net sales were ¥9,748 million (a decrease of 8.7% from the same period last year) and operating income was ¥98 million (a decrease of 90.9% from the same period last year) because the performance of the company's US subsidiary remained sluggish, as well as other factors. In Europe, profits stagnated despite increased sales in the French and Spanish subsidiaries and others, with net sales at ¥7,432 million (an increase of 10.9% from the same period last year) and operation income at ¥305 million (a decrease of 23.6% from the same period last year). In Asia, net sales were ¥6,784 million (an increase of 8.7% from the same period last year) and operating income was ¥907 million (a decrease of 5.1% from the same period last year) because the Chinese subsidiary and others remained steady.