Osaka Soda Sees Decline in Sales, Profits for Q2 Despite New Adoption of Acrylic Rubber

Chemicals manufacturer Osaka Soda Co. Ltd. (TYO:4046) recently reported its business results for the April–September quarter of fiscal 2020, showing a decline in both sales and profits. The company posted sales of 45.18 billion yen ($434.46 million), down 14.8 percent year-on-year. Meanwhile, operating income was 3.5 billion yen, down 29.4 percent; ordinary income was 3.7 billion yen, down 28.7 percent;…