Cornell's first three fiscal quarters net profit increased by 16.7% year-on-year

Calsonic Kansei of Japan announced that its net profit for the first three fiscal years from 2011-2012 (from April 1, 2011 to December 31, 2011) has increased by 16.7% year-on-year.

Cornell's net sales for the first three fiscal years of 2011-2012 were 569 billion yen (approximately US$7.1 billion), a year-on-year increase of 0.7%; operating profit was 14.67 billion yen (approximately US$184 million), a year-on-year increase. Declined by 2.9%; ordinary profit was 14.43 billion yen (about 181 million US dollars), an increase of 0.7%; net profit was 10.07 billion yen (about 126 million US dollars), an increase of 16.7%.

Cornell's net sales for the first three fiscal years of 2010-2011 were 565.1 billion yen (approximately US$7.09 billion); operating profits were 15.1 billion yen (approximately US$189 million); ordinary profits were 14.33 billion days Yuan (about 180 million U.S. dollars); net profit was 8.63 billion yen (108 million U.S. dollars).

Cornell estimates that net sales for the entire fiscal year 2011-2012 (April 1, 2011 to March 31, 2012) will be 790 billion yen (approximately US$9.9 billion) and operating profit will be 21 billion days. Yuan (about 260 million U.S. dollars).

Kangnaike mainly manufactures automotive parts such as dashboards and automotive air conditioners. It is Japan's third largest auto parts manufacturer.