Oil seal manufacturer NOK has on June 26 launched a new global matrix structure, which combines two organizations, Business Function, a business axis, and Leading Function, a functional axis that connects 93 NOK group companies in Japan and overseas. The company will strengthen cooperation as Global One NOK and aim for further growth on a global scale. Under the new...
On June 14, Fujikura Composites held an online financial results meeting for the fiscal year ending March 31, 2024. For the period, net sales were down 7.1% year-on-year to 37.79 billion yen ($234.86 million), operating income was down 18.2% to 3.62 billion yen, ordinary income was down 24.2% to 3.90 billion yen, and net income was down 17.6% to 3.25...
Mitsuboshi Belting will construct a new four-story building at its Nagoya Plant in Komaki City, Aichi Prefecture, that will house both production lines and an automated warehouse distribution system. The investment will be approximately 6 billion yen ($37.43 million), with operations scheduled to begin in May 2026. The site area is set to be approximately 5,300 square meters and total...
Fuji Latex on June 7 held an online financial results briefing for the fiscal year ending March 31, 2024. For the period, net sales were 7.51 billion yen ($47.57 million), down 7.1% year-on-year; operating income was 439 million yen, down 42.2%; ordinary income was 382 million yen, down 47.7%; and net income was 289 million yen, down 44.0%. Sales fell...
Shinto Scientific, a manufacturer of rubber and scientific instruments operating under the Heidon brand, has added the Ex Series to its Three-One Motor Series of high-performance agitators. This series is Three-One Motor’s first motor-driven explosion-proof agitator. It uses a completely new explosion-proof enclosure design, so even if an explosion should occur inside, it will not be damaged and will not...
Togawa Rubber has developed a new ethylene-propylene terpolymer rubber (EPT) sheet with a hardness (Type A durometer) of 70 degrees and will begin selling it as a standard stock item on July 1. The company’s EPT rubber sheet has excellent weather resistance, chemical resistance, acid resistance, heat resistance, and cold resistance. They are used in a wide range of applications,...
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