Sumitomo Riko Co. Ltd. (TYO:5191) recently released its financial results for the first half of fiscal 2020, revealing a decrease in both revenues and profits. On the whole, the company’s first-half results included sales revenue of 167.23 billion yen, down 27.1 percent year-on-year; a business loss of 7.54 billion yen, down from an business profit of 5.23 billion yen; and...
Materials
JSR Starts Shipments of S-SBR Produced at Hungarian Plant
JSR Corp. (TYO:4185) has started to ship out solution-polymerized styrene–butadiene rubber (S-SBR) manufactured at JSR MOL Synthetic Rubber Ltd. The shipment launch was announced on Oct. 27 by JSR Director and Managing Officer Hideki Miyazaki, who gave the news during an online briefing regarding the company’s financial results for the second quarter of fiscal 2020. Miyazaki said that while it...
Dow Chemical Japan Plans Price Hike for Propylene-Based Glycol Ether Solvents
Dow Chemical Japan Ltd. has announced that it will be raising prices on its propylene-based glycol ether solvents by 30 yen ($0.28) per kilogram. The company will apply this change to all shipments starting Oct. 21. Explaining the move, Dow Chemical Japan said that profitability for propylene glycols has been worsening due to a surge in raw material costs, creating...
Zeon Establishes New Department to Promote Digital Innovation
Zeon Corp. (TYO:4205) recently announced that it has established a new department to carry out unified efforts toward digital innovation, opening this up on Oct. 1 in an effort to bolster company competitiveness, as well as to support the creation and expansion of new businesses. The new department will roll out digital policies connected to both business strategy and product...
Mitsui Chemicals to Raise Prices on Mitsui EPT as of December
Mitsui Chemicals Inc. (TYO:4183) is set to raise its selling price for Mitsui EPT. The change will apply to all lines of the material, and will affect shipments Dec. 1 onward. Sales in the Japanese market will have their prices increased by 20 yen ($0.19) per kilogram. Meanwhile, sales to overseas customers will see a price increase of $200 per...
Denka Sees Revenue, Profits Drop for Q1 as CR Sales Take Hit From Coronavirus
Denka Co. Ltd. (TYO:4061) has shown a drop to both revenue and profits in its recently posted business results for the April–June quarter of fiscal 2020. The company revealed sales revenue of 76.23 billion yen ($719.68 million) for this first quarter, down by 16.1 percent year-on-year; operating income of 4.4 billion yen, down by 34.8 percent; ordinary income of 5.01...