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cement and copper operations. our selective concentration initiatives included withdrawing from unprofitable product areas. net sales slipped 1.7%, to y=948.2 billion, while operat- ing profit climbed 26.1%, to y=43.4 billion. other expenses declined 53.9%, to y=32.3 billion. as a result, the company recorded
, under the name kobelco & materials copper tube, ltd. we own 45% of that company, which has the no. 1 share in the japanese market. also in november 2003, we decided to restructure the 50%-owned sumitomo mitsubishi silicon corporation (sumco). we expect this move, along with a recovery in the semiconductor...
http://www.mmc.co.jp/corporate/en/ir/pdf/annual2004.pdf