Shin-Etsu Chemical Co. Ltd. (TYO:4063), a major player in the market for polyvinyl chloride (PVC) and silicone products, recently announced that it is looking to invest nearly 110 billion yen ($982.1 million) into facilities for its silicones business. These investments will be implemented in stages over approximately the next two and a half years, with the company improving its capacity...
Tokai Carbon Co. Ltd. (TYO:5301) appears likely to significantly exceed targets set under T-2018, the company’s medium-term management plan slated to end this fiscal year after a three-year run. Coming as a result of increased product prices and other such factors, the company now expects to post annual figures far above its initial targets of 110 billion yen ($990.23 million)...
Yokohama Rubber Co. Ltd.’s (TYO:5101) consolidated results for calendar 2018 appear set to hold to the company’s forecast announced this past February. While this has been helped along by natural rubber prices dropping 7 cents from what had been expected, a surge in crude oil prices has brought increases to synthetic rubber and carbon black prices, with this expected to...
Zeon Corp. (TYO:4205) has released its results for the first quarter of fiscal 2018, showing its sales for the period as having risen 1.1 percent year-on-year to reach 83.67 billion yen ($754.26 million). Meanwhile, the company’s operating profit was down 13 percent to 8.46 billion yen, while its ordinary profit fell 10.6 percent to 9.66 billion yen and its net...
Synthetic rubber manufacturer JSR Corp. (TYO:4185) has posted sales of 122.26 billion yen ($1.1 billion) for the first quarter of fiscal 2018, up 20.9 percent from the same quarter last year. Meanwhile, the company’s operating profit was down 9.6 percent year-on-year to 11.48 billion yen, with its net profit falling 5.4 percent to 8.94 billion yen. Sales at JSR’s elastomers...
Tokyo Zairyo Co. Ltd., a Zeon Corp. (TYO:4205) subsidiary focused on the trading of raw materials, has shown strong financial results for the fiscal year ending March 2018. Fiscal 2017 saw the company generate 93.28 billion yen ($844.28 million) in sales, up 7 percent year-on-year; 1.99 billion yen in ordinary profit, up 2.6 percent; and 1.54 billion yen in net...
