Nishikawa Rubber’s Sales Flat in Q1, Yet Profits up Significantly

Nishikawa Rubber Co. Ltd. (TYO:5161) recorded significant increases in operating and pretax profits for the first quarter of fiscal 2016, despite sales being flat. With regards to quarterly net profit for the same April–June period, the company allocated reserves for the loss that it took on an antitrust law matter, the nonrecurring expense leading to a posted loss of 11.995…

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