Tokyo Zairyo Sees Business Results Drop Due to COVID-19, US–China Trade Tensions

Tokyo Zairyo Co. Ltd. has posted its business results for fiscal 2020, showing a hit to its performance across the board. Sales revenue for the raw materials-focused trading firm fell 10.4 percent year-on-year to 77.7 billion yen ($699.65 million), while ordinary profit fell 27.2 percent to 1.9 billion yen and net profit fell 35.5 percent to 1.35 billion yen. In…

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