Bando Chemical Industries Ltd. (TYO:5195), a major manufacturer of power transmission belts and conveyor belts, is looking to increase its sales of power transmission belts in the Chinese market and the Asian market overall. The company plans to increase its sales in the Chinese market through the end of the 2016 fiscal year to 11.8 billion yen ($107.6 million) from...
Chairman Kozaburo Nakaseko of the Society of Rubber Science and Technology, Japan, is urging industry members to take full advantage of the International Rubber Conference (IRC) 2016 as a showcase for technology and an opportunity for networking. In coordination with host Kitakyushu City, the industry association is the primary organizer of the conference to be held in October. Acknowledging the evolving...
Belt, hose and tube manufacturer Nitta Corp. (TYO:5186) expects to post 64.5 billion yen ($586.6 million) in sales for the business year through March of next year. The forecast exceeds the current record high of 64.2 billion yen in sales for the year from April 2007 through March 2008. Profits, however, are forecast to decline. In addition to the effects...
NOK Corp. (TYO:7240), a major manufacturer of sealing materials and other automotive parts, posted sales of around 746.1 billion yen ($6.76 billion) for the year ending March 31, 2016. This represented a year-on-year increase of 8 percent, which marks the company’s best annual performance ever. Net sales from NOK’s principal business, seals, were down somewhat at approximately 296.2 billion yen;...
Nishikawa Rubber Co. Ltd. (TYO:5161), a Hiroshima-based major supplier of automobile components, has reported net sales rose 2 percent year on year to about 89.9 billion yen ($816 million) for the fiscal year ending March 2016. Additionally, operating income surged 45.1 percent to about 6.6 billion yen, ordinary income climbed 51.7 percent to about 6.6 billion yen, and net income...
According to the Japan Construction Equipment Manufacturers Association, March construction equipment shipments amounted to 244.7 billion yen ($2.24 billion). This was down 9 percent from March of the previous year and represented an eighth consecutive month of decline. Domestic demand amounted to 118.2 billion yen, up 2 percent year on year, while overseas demand fell 18 percent year on year...
