Belt, hose and tube maker Nitta has established a new company, Wakutto Nitta Corporation, to plan, propose, and operate a new business utilizing the natural resources of Hokkaido, and will start selling “domestic maple syrup” next spring, taking advantage of the company’s forest holdings. The company owns a vast forest of approximately 6,700 hectares in the Tokachi region of Hokkaido....
Nitta is constructing a second plant on the premises of its consolidated subsidiary Nitta Corporation [Thailand] (NCT), and held an inauguration ceremony on November 26. As part of the company’s shift to further globalization of the hose and tube products business in the medium-term management plan SHIFT2030, the group constructed a second plant on the premises of the NCT plant...
Tigers Polymer’s rubber sheet business for the first half (April-September) of the fiscal year ending March 31, 2025, showed a slight increase in sales over the same period last year. “Although sales were positive, volume-wise, they were almost unchanged. However, statistics show that shipments in the rubber sheet industry as a whole are still quite severe, falling even lower than...
Okamoto posted sales of 54.49 billion yen ($362.81 million), up 6.9% year-on-year, operating income of 4.92 billion yen, up 3.2%, ordinary income of 5.02 billion yen, down 16.5%, and net income of 2.98 billion yen, down 34.9% in the first half (April to September) of the fiscal year ending March 31, 2025. Sales and operating income increased due to strong...
Mitsuboshi Belting posted sales of 45.45 billion yen ($295.59 million), up 8.1% year-on-year, operating income of 4.55 billion yen, up 9.9%, ordinary income of 4.29 billion yen, down 23.6%, and net income of 6.09 billion yen, up 69.5% for the first half (April to September) of the fiscal year ending March 31, 2025. Sales and net income reached record highs...
Fukoku, a leading manufacturer of automotive rubber parts, posted sales of 44.59 billion yen ($289.88 million), up 3.8% year-on-year, operating income of 2.06 billion yen, up 94.5%, ordinary income of 2.22 billion yen, up 59.8%, and net income of 1.54 billion yen, up 47.2% in the first half (April to September) of the fiscal year ending March 31, 2025. “Net...
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