Tsurumi Chemical will raise the prices of all sulfur products for shipments on April 1. The price increase is 8 yen ($0.05) per kilogram for soluble sulfur and 3 yen per kilogram for insoluble sulfur. “In addition to an increase in procurement costs due to a change in suppliers following the withdrawal of our main raw material supplier from business,...
Mitsuboshi Belting announced that it will raise the prices of its belt products beginning with orders received on May 1. The price increase applies to transmission belts (friction transmission belts and timing belts), other transmission-related products, conveyor belts (plastic and rubber), and other conveyor-related products, all of which will increase by 10% or more. “In recent years, prices of raw...
The Japan Construction Equipment Manufacturers Association (CEMA) recently released its construction machinery demand forecasts for fiscal 2024 (April 2024-March 2025) and fiscal 2025 (April 2025-March 2026). The forecasts were compiled based on a questionnaire survey conducted in January among 61 construction equipment manufacturers that are regular members of the association. According to the survey, in fiscal 2024, Japanese domestic shipments...
Toyo Tires reported a 2.3% year-on-year increase in net sales to 565.36 billion yen ($3.78 billion), a 22.2% increase in operating income to 93.98 billion yen, an 18.7% increase in ordinary income to 102.12 billion yen, and a 3.5% increase in net income to 74.81 billion yen for the fiscal year ended December 31, 2024. Sales and profits reached record...
Yokohama Rubber’s financial results for the fiscal year ended December 31, 2024, showed revenue from sales of 1.095 trillion yen ($7.33 billion), up 11.1% year-on-year; business profit of 134.38 billion yen, up 35.6%; and net income of 74.92 billion yen, up 11.4%. Sales revenue, business profit, and net income were all record highs, with sales revenue exceeding 1 trillion yen...
Bridgestone’s results for the fiscal year ended December 31,2024, showed revenue of 4.430 trillion yen ($29.85 billion), up 2.7% year-on-year; adjusted operating income of 483.30 billion yen, up 0.6%; and net income (including discontinued operations) of 284.99 billion yen, down 14.0%. “The company’s sales and income increased due to a tailwind from exchange rates, despite new threats from structural changes...
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