Sumitomo Riko Co. Ltd. (TYO:5191) held its second “Kyoshokai” event on Nov. 1 at the company’s branch in Ayabe, Kyoto. The company used the event to outline business objectives and recognize the efforts of outstanding Chinese distributors. Established in 2016, Kyoshokai is a distributors conference for Sumiriko Industrial Products (Shanghai) Co. Ltd., a Shanghai-based industrial hose sales subsidiary of Sumitomo...
The conveyor belt business is recovering thanks to a turnaround in domestic demand for conveyor production and a 40 percent jump in exports to Australia. Meanwhile, soaring raw material costs are hurting the industry’s bottom line. Production volume figures for January through August compiled by the Japan Belting Manufacturers Association show that output has recovered on a year-on-year basis to...
Nitto Kako Co., Ltd. (TYO:5104) recently released its business results for the first half (April–September) of the fiscal year ending March 2018. The company posted sales of 3.87 billion yen ($34.05 million), down 4.9 percent over the same period last year; an operating profit of 158 million yen, down 7.8 percent; an ordinary profit of 155 million yen, down 6.1...
Nippon Valqua Industries Ltd. (TYO:7995) is experiencing a good run with its seal business. Performance overall has also been good as of late for Nippon Valqua, as evidenced by the company’s results for the April–September quarter for the fiscal year ending March 31, 2018. The major seal manufacturer saw net sales in the second quarter of 23.28 billion yen ($204.65...
At its Tokyo Motor Show booth, Bridgestone Corp. (TYO:5108) is displaying a solar-powered car developed by Kogakuin University’s Solar Team. The car is the team’s 3rd vehicle, OWL, and was built in 2015. It won second place in the Cruiser Class at the 2015 Bridgestone World Solar Challenge race held in Australia – one of the largest solar races in...
Sumitomo Riko Co. Ltd. (TYO:5191) President Tetsu Matsui says that he feels a sense of crisis at the need for his company to adapt to the trend toward electric vehicles (EVs), which is moving faster than expected. As EVs become more prevalent, he said, there will be a reduction in use of anti-vibration rubber and hose products for internal combustion...
