Toyoda Gosei announced its financial results for the first quarter (April to June 2025) of the fiscal year ending March 31, 2026. Although revenue declined, the company achieved higher operating profit due to factors such as increased sales volume and improvements in cost efficiency. Consolidated revenue for the quarter was 260.42 billion yen ($1.77 billion), a 1.5% decrease compared to...
Yokohama Rubber has announced that it has acquired an additional 22.98% stake in Shandong Yokohama Rubber Industrial Products, a consolidated subsidiary engaged in the production and sales of conveyor belts in China. With this acquisition, combined with the 77.02% stake it already held, the company has made Shandong Yokohama a wholly owned subsidiary. The transaction was completed on July 18....
Nitta’s resin belt sales for the fiscal year ended March 31, 2025, increased in the high single digits year-on-year, with food-grade products seeing similar revenue growth. The high-performance, all-in-one Wexu and Mexu series belts drove strong sales. The Wexu series, offering resistance to sodium hypochlorite solution, physical shrinkage prevention, heat resistance, antibacterial and antifungal properties, oil resistance, low noise, fray...
Kato Office, the exclusive Japan distributor for the Taiwanese manufacturers Kneader Machinery and Jing Day Machinery Industrial, has earned strong praise for importing and selling their products while providing comprehensive service support. Kneader Machinery, established in 1981, is Taiwan’s leading manufacturer of kneader equipment, producing over 100 units annually, including pressurized kneaders, kneader mixers, and twin-shaft open kneaders, as well...
Bando Chemical reported steady growth in its transmission belt-related segments for the fiscal year ended March 31, 2025. In the automotive parts segment, the company posted revenue of 58.05 billion yen ($399.12 million), up 9.0% year-on-year, with segment operating profit rising 19.1% to 4.89 billion yen. In Japan, despite a decrease in overall vehicle production, sales of auxiliary drive belts...
Mitsuboshi Belting reported increased sales in its power transmission belt business for the fiscal year ending March 2025, driven by strong domestic and international performance. In Japan, demand in the automotive aftermarket—especially for replacement belts for trucks—was robust, while the industrial machinery sector saw growth due to increased production among manufacturers of injection molding machines and robots. Internationally, the automotive...
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