Butadiene rubber (BR) manufacturer Ube has posted its results for the first quarter of fiscal 2022. The company’s sales revenue came to 116.18 billion yen ($871.79 million), down 20.6 percent from the same quarter last year; operating profit was 4.36 billion yen, down 51.1 percent; ordinary profit was 2.3 billion yen, down 74.3 percent; and net profit was 5.74 billion...
Asahi Kasei posted sales of 670.44 billion yen ($5.02 billion) in the first quarter from April to June of the fiscal year ending March 2023, up 14.9 percent year-on-year. Operating profit was 49.36 billion yen, down 18.4 percent, ordinary profit stood at 51.53 billion yen, down 20.9 percent, and net profit was 29.83 billion yen, down 35.7 percent. Environmental Solutions,...
NOK’s results for the first quarter of the fiscal year ending March 31, 2023 (April-June 2022) showed sales of 161.031 billion yen ($1.193 billion), up 2.7 percent year-on-year; operating loss of 1.394 billion yen (versus 6.882 billion yen profit in the same period last year); ordinary income of 4.941 billion yen, down 54.6 percent; and net income of 2.053 billion...
Chemical company Tosoh has posted its results for the first quarter of fiscal 2022, revealing sales revenue of 252.33 billion yen ($1.87 billion), up 25.4 percent year-on-year; operating income of 30.31 billion yen, up 0.5 percent; ordinary income of 43.62 billion yen, up 35.9 percent; and net income of 28.44 billion yen, up 31 percent. Each of these figures represents...
This article follows part 1 in a series of 2 on a Japan Rubber Industry survey conducted in July of the rubber and plastic product manufacturing industry regarding business conditions and outlook conducted. In the “Fiscal 2022 Earnings Forecast (Plan),” sales continue to recover, but the outlook for ordinary income is divided. The largest share of companies expect “single-digit increase”...
In July, Japan Rubber Industry conducted a survey of the rubber and plastic product manufacturing industry regarding business conditions and outlook. According to the survey results, fiscal 2021 performance has recovered significantly from the previous year’s impact of the coronavirus pandemic, but many companies have not yet reached pre-pandemic levels. Business confidence is also stalling at the moment, and the...
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