Mitsui Chemicals Inc. (TYO:4183) recently released its business results for fiscal 2018. The company’s overall sales for the period totaled 1.48 trillion yen ($13.47 billion), up 11.6 percent year-on-year. Operating profit was 93.43 billion yen, down 9.7 percent year-on-year; ordinary profit was 102.97 billion yen, down 6.6 percent; and net profit was 76.12 billion yen, up 6.3 percent. Mitsui Chemicals’...
Nitta Corp. (TYO:5186) recently posted its results for fiscal 2018, revealing a total of 89.17 billion yen in annual sales – up by 22.2 percent year-on-year. On the profit side of the equation, the company made 5.66 billion yen in operating income, up 16.4 percent year-on-year; 11.47 billion yen in ordinary income, down 0.3 percent; and 8.97 billion yen in...
JSR Corp. (TYO:4185) announced on March 14 that it intends to restructure its top management, having made a decision on this at a board of directors meeting earlier that day. Managing Officer Eric Johnson, 57, has been selected to fill the newly created role of CEO. Meanwhile, Nobuo Kawahashi, 62 – currently an executive managing officer at JSR – was...
Showa Denko KK (TYO:4004) recently revealed that it achieved an increase to both sales revenue and income for calendar 2018. The company posted sales of 992.14 billion yen ($8.97 billion) for the year, up by 27.1 percent over figures from 2017. Meanwhile, operating income was up 131.6 percent year-on-year to reach just over 180 billion yen, with ordinary income up...
Kuraray Co. Ltd. (TYO:3405) recently posted its full-year results for 2018, showing a significant increase to sales but a decrease in all profit metrics. While the company’s sales rose by 16.3 percent year-on-year to reach almost 603 billion yen ($5.45 billion), its operating profit fell 13.8 percent to 65.79 billion yen, with ordinary profit down 17.6 percent to 61.17 billion...
Tokai Carbon Co. Ltd. (TYO:5301) has positioned its carbon black business as a major base of revenue within T-2021, a new medium-term management plan set to run from 2019 to 2021. Under this plan, Tokai Carbon’s carbon black business is projected to generate 124 billion yen for 2021, up from a 115.3 billion projection for 2019. Operating profit from the...
