Sumitomo Rubber has decided to withdraw from the gas pipe business within 2025. Products in this business are manufactured at the company’s Kakogawa Plant and sold by Dunlop Home Products, a Sumitomo Rubber group company selling household, nursing and medical supplies. The products include rubber pipes for LPG, soft cords for city gas, gas cords, and reinforced gas hoses for...
Rubber roll manufacturer Otaka Rubber Industry is promoting digital transformation (DX) within the company. It has built an internal network of offices and factories, and by using tablets, all processes in sales and production management have been made visible. This has enabled the sales staff to check in real time when a slip (order) they have placed enters the manufacturing...
Automotive rubber parts maker Nishikawa Rubber reported first quarter (April-June) net sales of 27.39 billion yen ($187.90 million), up 21.5% year-on-year, operating income of 731 million yen (compared to a loss of 379 million yen in the same period last year), ordinary income of 1.74 billion yen, up 286.2%, and net income of 1.33 billion yen, up 426.9%. The company...
Okamoto reported a 12.1% year-on-year rise in sales to 25.28 billion yen ($172.75 million), a 26.5% rise in operating income to 2.2 billion yen, a 27.7% rise in ordinary income to 3.27 billion yen, and a 68.5% rise in net income to 2.74 billion yen for the first quarter of this fiscal year (April-June 2023). By segment, sales of industrial-use...
Tigers Polymer, a manufacturer of rubber parts for home appliances and automobiles, will establish a subsidiary in Rayong Province, Thailand. The subsidiary, tentatively named Tigerflex (Thailand), will be a wholly owned holding company and will manufacture rubber and resin products for home appliances and automobiles. It is scheduled to be established in October this year and to start operations in...
Toyoda Gosei announced its mid- to long-term management plan, the 2030 Business Plan. Under the new medium-term plan, the company aims by 2030 for sales revenue of 1.2 trillion yen ($8.23 billion), operating profit of 100 billion yen, an operating profit margin of 8%, and ROE of 10%. President Katsumi Saito said that the biggest challenge for future growth is...
