Kinugawa Rubber Industrial Co. Ltd. (TYO:5196) posted first quarter sales of 18.941 billion yen ($1.89 billion), marking a year-on-year decline of 2.2 percent. Operating profit for the same April–June period was similarly down, sitting at 1.774 billion yen after a 4.9 percent decrease. Meanwhile, pretax profit and quarterly net profit felt the brunt of exchange-rate losses. Pretax profit dropped 33.4...
Major manufacturer of oil seals NOK Corp. (TYO:7240) posted first quarter sales of 147.11 billion yen ($1.454 billion) for April–June, representing a year-on-year decline of 16.5 percent. Operating profit, meanwhile, plummeted 96.8 percent, dropping down to 377 million yen. Furthermore, after having enjoyed pretax profits of 15.263 billion yen for the same period in 2015, this year NOK has reported...
Toyoda Gosei Co. Ltd. (TYO:7282), Toyota Group’s sole manufacturer of rubber and plastic polymeric parts for automobiles, posted a year-on-year decline in sales volume for the first quarter, falling 5.1 percent to drop to 178.02 billion yen ($1.76 billion). Pretax profit likewise fell, dropping 5.4 percent for a mark of 7.352 billion yen. Toyoda Gosei’s revenue hits came on account...
According to statistics recently collated by the Japan Belting Manufacturers Association, the production volume of resin belts for the first half of the year was 514,892 square meters, a 4 percent increase over that for the same period last year. By unit type, polyvinyl chloride (PVC) belts rose 1 percent and polyurethane belts were up 6 percent, with all other...
According to statistics recently collated by the Japan Belting Manufacturers Association, production volume of rubber belts for January–June 2016 has fallen 10 percent year on year, down at 13,201 tons. Shipment value was similarly down, with close to a double-digit fall for an estimated 32 billion yen ($314.015 million). This was influenced by lowered demand domestically and overseas for conveyor...
Bando Chemical Industries Ltd. (TYO:5195), a major manufacturer of rubber and resin belts, will be holding a private exhibition Oct. 13–14 in Kobe and then Oct. 19–20 in Tokyo. Titled “Bando Techno Fair 2016,” the exhibition is being held as part of Bando Chemical’s memorial affairs to celebrate this past April, which marked the 110th anniversary of the company’s inception....
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