Nishikawa Rubber Co. Ltd. (TYO:5161), a Hiroshima-based major supplier of automobile components, has reported net sales rose 2 percent year on year to about 89.9 billion yen ($816 million) for the fiscal year ending March 2016. Additionally, operating income surged 45.1 percent to about 6.6 billion yen, ordinary income climbed 51.7 percent to about 6.6 billion yen, and net income...
Denka Co. Ltd. (TYO:4061) aims to quickly achieve sales of 50 billion yen ($459 million) in the chloroprene rubber (CR) business. This follows the acquisition last year by the Japanese chemical manufacturer of DuPont’s CR business in the U.S. The president of Denka, Shinsuke Yoshitaka, wants to achieve this sales goal in the next 1–2 years. According to Denka, the...
According to the Japan Construction Equipment Manufacturers Association, March construction equipment shipments amounted to 244.7 billion yen ($2.24 billion). This was down 9 percent from March of the previous year and represented an eighth consecutive month of decline. Domestic demand amounted to 118.2 billion yen, up 2 percent year on year, while overseas demand fell 18 percent year on year...
During the Edo Period (1603-1867), shippers and wholesalers dealing in local specialties from various countries concentrated in the Horidomecho area of Tokyo’s Nihombashi district. Also home to Suginomori Shrine and its famed raffles, Horidomecho today looks set to develop a reputation for commodity futures trading as well. The Tokyo Commodity Exchange, where dealers trade in everything from Middle Eastern oil...
VRG Japan Rubber Export JSC is progressing in preparations to sell natural rubber that is manufactured by the Vietnamese military to Japanese tire manufacturers. The rubber to be sold is SVR10, which is used in tires, and SVR5S, which has half the odor that is characteristic of rubber. Tire manufacturers are currently running performance evaluation tests and are interested in...
Yokohama Rubber Co. Ltd. (TYO:5101) will release the Advan Fleva V701, a new product under the company’s global flagship Advan series, in Japan starting in August. The new tire will be sold in 24 sizes, with more to be added in the future. Built upon Advan Sports V105, the Advan Fleva V701 is a sport tire that offers steering stability...
