Sagami Rubber Industries Co. Ltd. (TYO:5194) announced an upward revision in projections for the fiscal year ending March 2017. Sagami Rubber Industries has upwardly revised sales to 5.6 billion yen ($49.46 million), up 7.7 percent compared to the previous forecast of 5.2 billion yen. Operating income is now projected at 1.3 billion yen, 95.7 percent above the previously forecasted 0.8...
Mitsuboshi Belting Ltd. (TYO:5192) saw improved business performance over the second quarter of fiscal 2016. With operating profit rising 7 percent year-on-year to hit 4.5 billion yen ($40 million), it was Mitsuboshi Belting’s best second quarter to date. While there was impact felt with the appreciating yen, the company ensured an increase in profit on account of a decline in...
The size of the retail shoe market in Japan (excluding slippers and sandals) is expected to reach 420 million pairs, 1.9 trillion yen ($17.12 billion) in 2016, as overall selling prices of both imported shoes and shoes manufactured in Japan have increased due to rising manufacturing costs overseas and a weak yen having become the norm. Until now, the size...
Twenty-four listed rubber companies, including two synthetic rubber firms, have released earnings for the June–August quarter of fiscal 2016. Of the 24, only seven companies reported higher earnings, while 14 reported higher operating income. Eleven reported higher ordinary income, and five reported higher net income. Only three companies reported higher earnings for all three categories (operating income, ordinary income and...
The value of construction equipment shipped in August fell 10.9 percent year-on-year, the 13th consecutive month of decline, according to data compiled by the Japan Construction Equipment Manufacturers Association (CEMA). Export demand fell for the 16th consecutive month, while Japanese demand fell for the fifth straight month. Japanese demand grew for five types of equipment such as construction cranes, concrete...
According to statistics on September production volume of rubber belts compiled by the Japan Belting Manufacturers Association, year-on-year production was down due to a decrease in production of conveyor belts despite an increase in production of transmission belts. Rubber belts decreased 6 percent in September, after having recovered to the same year-on-year production level in August following 13 straight months...
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