OSAKA, JAPAN – MEC Co. Ltd. revised its forecast for the year ending Mar. 31. The firm expects net sales of $79.5 million, down 0.9% compared to fiscal 2016.

The firm projects net income for fiscal 2017 of $12.8 million, a decrease of 4.2% year-over-year.

Operating income is expected to be $15.9 million, down 17.6% compared to fiscal 2016.

MEC says sales of chemicals have fallen on a non-consolidated basis.

 

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