Toyo Ink’s sales for the first half under review increased to 139,356 million yen (up 13.0% year on year), an increase from the same period of the previous fiscal year.

In can coatings, demand for can coatings for beverage cans applications in Japan was robust due to consumption driven by people refraining from leaving home, and overseas demand recovered in China and Thailand, but was affected by soaring raw material prices. As a result, net sales for this segment as a whole increased to 33,614 million yen (up 12.3% year on year), but operating profit decreased to 1,989 million yen (down 18.8% year on year).

In can coatings, demand for can coatings for beverage cans applications in Japan was robust due to consumption driven by people refraining from leaving home, and overseas demand recovered in China and Thailand, but was affected by soaring raw material prices. As a result, net sales for this segment as a whole increased to 33,614 million yen (up 12.3% year on year), but operating profit decreased to 1,989 million yen (down 18.8% year on year).