Mitsuboshi Belting’s financial results for the fiscal year ended March 31, 2025, reported sales revenue of 90.51 billion yen ($632.90 million), up 7.7% year-on-year, operating profit of 8.93 billion yen, up 15.1%, ordinary profit of 9.15 billion yen, down 4.7%, and net profit of 9.06 billion yen, up 27.6%. Sales revenue reached a record high, while net profit marked a...
On May 26, natural rubber traded on the Shanghai Futures Exchange was listed on the Osaka Exchange, with a listing ceremony held in the atrium of the Osaka Securities Exchange building. Five global rubber futures exchanges exist: the Osaka Exchange (RSS3, TSR20), Shanghai Futures Exchange (RSS3, synthetic rubber), Shanghai International Energy Exchange (TSR20), Thailand Futures Exchange (RSS3, RSS3D), and Singapore...
Bando Chemical, a manufacturer of conveyor and transmission belts, reported its performance under IFRS for the fical year ended March 31, 2025, with sales revenue of 115.59 billion yen ($793.23 million), up 6.8% from the previous year, core operating profit of 7.74 billion yen, up 2.1%, and net profit of 1.50 billion yen, down 75.8%. “Sales revenue and core operating...
Ube held a briefing on its medium-term management plan, “Ube Vision 2030 Transformation-2nd Stage,” covering fiscal years 2025 to 2030. “Considering the promotion of basic business structure reforms, specialization, digital transformation (DX), and corporate culture reform, we need to establish a solid six-year plan and execute it steadily,” Ube said, extending the plan’s duration from the previous three years to...
Sagami Rubber Industries’ performance for the fiscal year ended March 31, 2025 (April 2024 to March 2025) recorded net sales of 5.69 billion yen ($39.55 million), a 6.9% decrease from the previous year, an operating loss of 33 million yen (compared to an operating profit of 436 million yen in the prior year), an ordinary profit of 522 million yen,...
Sumitomo Rubber has been awarded the 37th Rubber Society of Japan Award for its Active Tread Technology, a groundbreaking material innovation that allows tire performance to adapt to changing road conditions. The Rubber Society of Japan Award is presented to society members who have made distinguished contributions to the advancement of science, technology, or industry in the field of rubber...
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