Sumitomo Riko Co. Ltd. (TYO:5191) has revealed major downward trends in its business results for the first quarter of fiscal 2020. The company posted sales revenue of 65.38 billion yen ($620.49 million) for the quarter, down by 43.4 percent; an operating loss of 8.04 billion yen, down from a profit of 2.04 billion yen; and a net loss of 7.38...
Shin-Etsu Polymer Co. Ltd. (TYO:7970) recently posted its business results for the first quarter of fiscal 2020, revealing a drop in both sales revenue and profits. The company ended the quarter with sales of 18.33 billion yen ($171.49 million), down by 5.7 percent year-on-year; operating profit of just under 1.36 billion yen, down by 25.3 percent; ordinary profit of 1.58...
Zeon Corp. (TYO:4205) recently announced that it will be increasing its synthetic rubber prices starting with shipments made on Aug. 17. This will see prices here rise by 11–22 yen per kilogram ($0.10–$0.21). The price hike will apply to products manufactured at Zeon’s domestic Japanese facilities, and will differ between general rubber and specialist rubber products. This will be Zeon’s...
JSR Corp. (TYO:4185) recently revealed that its Elastomers business has taken a significant hit from the novel coronavirus, with this news coming as part of the company’s financial results for the first quarter of fiscal 2020. The quarterly results revealed a company-wide sales revenue of 93.09 billion yen ($877.9 million), down 22 percent year-on-year; an operating profit of 2.36 billion...
Sumitomo Riko Co. Ltd. (TYO:5191) President & CEO Kakushi Shimizu held a press conference on July 9 to discuss company strategy after taking over the reins on June 18. Speaking at the press conference, Shimizu said that while COVID-19 caused automotive production to drop significantly over April–May, he hopes if anything to treat this as an opportunity for improvement. The...
Tokai Carbon Co. Ltd. (TYO:5301) announced on July 5 that heavy rainfall near its Tanoura Plant in Ashikita, Kumamoto Prefecture, led to a fire on July 4. The company also provided further details of the incident. The Tanoura Plant produces isotropic graphite materials used in semiconductors, solar cells and various industrial applications. On July 4, heavy rainfall in the Ashikita...
