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KITZ Reports Earnings from Fiscal Year March 2011

Monday, May 23, 2011  
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KITZ Corporation saw mixed results during the fiscal year March 2011 due in part to weak domestic economy, which was compounded by the Eastern Japan Earthquake that devastated parts of Japan on March 11, volatility in foreign exchange, and weak global economies. Against this backdrop, total consolidated sales rose by 9.8% year-over-year to JPY106 billion. Despite the higher sales, rising costs of raw materials, weaker product pricing, and strength in the Japanese Yen led to a 9.1% year-over-year decline in operating income to JPY6.34 billion. More…

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