TOKYO (Oct. 27, 2009)—Tokai Rubber Industries Ltd. has revised upwards its sales and earnings forecasts for the six months to September 2009, following improved sales.
The company now said sales will reach about $1.08 billion, rather than $1.02 billion predicted earlier. The company said its losses will be considerably lower, forecasting an operating loss for the half year of $2.8 million, rather than $45 million.