Zeon’s Elastomer Business Sees Rising Sales, Falling Profits for First Quarter

Zeon Corp. (TYO:4205) has released its results for the first quarter of fiscal 2018, showing its sales for the period as having risen 1.1 percent year-on-year to reach 83.67 billion yen ($754.26 million). Meanwhile, the company’s operating profit was down 13 percent to 8.46 billion yen, while its ordinary profit fell 10.6 percent to 9.66 billion yen and its net…