Bridgestone Corp. (TYO:5108) has been conducting performance verification testing of its seismic isolation rubber bearings together with Takenaka Corp. at one of the general contractor’s buildings. The isolators demonstrated long-term durability after being in place for approximately 30 consecutive years. Manufactured in 1986 from laminated natural rubber, the bearings have been in use at a Takenaka staff dormitory, located in...
Products
Steer Engineering to Invest 2.5 Billion Yen, Expand Market Reach in Japan
Extruder manufacturer Steer Engineering Pvt. Ltd., India, has revealed that it will be investing approximately 2.5 billion yen ($24.46 million) in its Japanese branch, Steer Japan Corp., over the next 10 years. This comes with Steer having defined its course of action for Japan and its global strategy. Steer Engineering CEO Atanu Maity said that Japan continues to be an...
Sumitomo Riko’s Matsui on Overseas Operations, Strategies for New Business
During a recent interview granted to Japan Rubber Weekly, Tetsu Matsui, president and COO of Sumitomo Riko Co. Ltd. (TYO:5191), shared his thoughts about the company’s overseas operations and strategies for getting new business, especially its plans to gain new customers by establishing and utilizing the Advanced Automotive Systems R&D Center, a new facility intended to boost profitability. Matsui said...
Sumitomo Riko President Matsui Sees Current Business Unfolding as Planned
Tetsu Matsui, president and COO of Sumitomo Riko Co. Ltd. (TYO:5191), said in a recent interview with Japan Rubber Weekly that although net sales fell due to currency exchange losses caused by a higher yen and despite a cloudier picture that falling business confidence paints for future profits, the company’s performance has been largely as planned. Matsui said that Sumitomo...
Tigers Polymer Records Increased Sales Overseas on Automotive Parts in Q1
Tigers Polymer Corp. (TYO:4231), a manufacturer of automotive intake system parts and synthetic resin hoses, recorded an increase in sales volume as well as in operating and pretax profits for the first quarter of fiscal 2016. Quarterly net profit, however, was slightly down after factoring in the nonrecurring expense of losses from the sale of fixed assets. Breaking down the...
Nishikawa Rubber’s Sales Flat in Q1, Yet Profits up Significantly
Nishikawa Rubber Co. Ltd. (TYO:5161) recorded significant increases in operating and pretax profits for the first quarter of fiscal 2016, despite sales being flat. With regards to quarterly net profit for the same April–June period, the company allocated reserves for the loss that it took on an antitrust law matter, the nonrecurring expense leading to a posted loss of 11.995...