TOKYO—Denka's elastomers and performance plastics segment has reported declines in sales and profitability for its fiscal first quarter, ending June 2019.
The company reported Aug. 7 that its segment operating income fell 0.6 percent to $35.7 million on 3.2 percent lower sales at $370 million, Denka said in its first quarter report. Denka linked the decline to lower sales volumes of chloroprene and transparent resins within the segment.
Chloroprene rubber is a key product manufactured by Denka's elastomers unit.
For the full year, Denka expects to increase segment income mainly due to lower maintenance costs.
This year, the company said it is not planning to shut down its styrene monomer plant.