In FY 2015, Mitsuboshi Belting Ltd. (TYO:5192) posted operating income of 7.6 billion yen ($69.45 million), a 7 percent increase over the year prior and the highest the company has ever achieved. Year-on-year net sales were up no more than 1 percent at approximately 67.1 billion yen. Net sales of belts in Japan were around 26.5 billion yen, down 3...
Yokohama Rubber Co. Ltd. (TYO:5101) announced that its U.S. subsidiary has won two awards for outstanding achievements in sustainable manufacturing. Yokohama Tire Manufacturing Virginia LLC (YTMV), headquartered in Salem, Virginia, received the Environmental Excellence Gold Award from the Virginia Water Environment Association. This NPO awards companies that have made significant environmental improvements. YTMV was recognized for its waste reductions, zero...
Chairman Kozaburo Nakaseko of the Society of Rubber Science and Technology, Japan, is urging industry members to take full advantage of the International Rubber Conference (IRC) 2016 as a showcase for technology and an opportunity for networking. In coordination with host Kitakyushu City, the industry association is the primary organizer of the conference to be held in October. Acknowledging the evolving...
Ube Industries Ltd. (TYO:4208) has announced that the fiscal year commencing April 2016 is the first of three years for the company’s new mid-term business plan, “Change & Challenge 2018.” With this, Ube Industries is positioning butadiene rubber (BR) as a rapidly expanding field within the company’s chemicals segment; the company is actively undertaking joint developments with major tire manufacturers....
Belt, hose and tube manufacturer Nitta Corp. (TYO:5186) expects to post 64.5 billion yen ($586.6 million) in sales for the business year through March of next year. The forecast exceeds the current record high of 64.2 billion yen in sales for the year from April 2007 through March 2008. Profits, however, are forecast to decline. In addition to the effects...
NOK Corp. (TYO:7240), a major manufacturer of sealing materials and other automotive parts, posted sales of around 746.1 billion yen ($6.76 billion) for the year ending March 31, 2016. This represented a year-on-year increase of 8 percent, which marks the company’s best annual performance ever. Net sales from NOK’s principal business, seals, were down somewhat at approximately 296.2 billion yen;...
