Sealing material manufacturer Nippon Valqua Industries Ltd. (TYO:7995) has reported that sales rose 13.4 percent year-on-year to 11.77 billion yen ($106.7 million) and operating profit surged 74 percent to 1.51 billion yen for the first quarter ended June 30, 2017 of the fiscal year ending March 31, 2018. Ordinary profit was 1.54 billion yen, up 113.1 percent, and net income...
Sumitomo Riko Co. Ltd. (TYO:5191) has mostly completed changing the names of the group companies it acquired in 2013 – German-based automotive anti-vibration rubber products manufacturer Anvis Group GmbH, now SumiRiko AVS Holding Germany GmbH, and Italian-based automotive hose manufacturer Dytech-Dynamic Fluid Technologies SpA, now SumiRiko Italy SpA. Sumitomo Riko began carrying out the name changes, which are included in...
NOK Corp. (TYO:7240), a major manufacturer of oil seals, posted first quarter sales of 164.91 billion yen ($1.49 billion) for April–June, representing a year-on-year increase of 12.8 percent. NOK’s operating profit for the first quarter was 6.04 billion yen compared to 3.77 billion yen for the same period of the previous year. Ordinary income was 9.87 billion yen, representing a...
Plastics processing company Shin-Etsu Polymer Co. Ltd. (TYO:7970) achieved net sales of 18.98 billion yen ($172.27 million) for the first quarter of fiscal 2018 (April–June 2017), up 5.8 percent year-on-year. Shin-Etsu Polymer’s operating income for the first quarter of fiscal 2018 was 1.68 billion yen, up 2.3 percent year on year. The company achieved an ordinary income of 1.85 billion...
Nitta Corp. (TYO:5186) hosted a completion ceremony on July 11 for its consolidated U.S. subsidiary Nitta Corporation of America (NCA)’s second factory in Georgia, construction for which began in March 2016. The ceremony was attended by Nitta’s President Motonobu Nitta, Consul General of Japan in Atlanta Takashi Shinozuka, Chairman of Forsyth County Board of Commissioners Todd Levent and NCA’s employees....
Asahi Kasei Corp. (TYO:3407) has decided to increase its production capacity for solution-polymerized styrene-butadiene rubber (S-SBR) for fuel efficient tires. The increase will take place at the company’s Singapore subsidiary Asahi Kasei Synthetic Rubber Singapore. Annual capacity will increase by 30,000 tons, raising the total production capacity in Singapore to 130,000 tons per year. The additional production of S-SBR is...
