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Germany’s HF TireTech to Enter Japanese Market With Tire Manufacturing Curing Presses

on June 4, 2024 in Products

The HF TireTech Group, headquartered in Hamburg, Germany, has high hopes for entering the Japanese market with its tire manufacturing equipment products. HF is a 165-year-old rubber machinery manufacturer. Since its establishment, the company has supplied more than 7,000 tire manufacturing vulcanizing presses, and has established partnerships with the world’s top 10 tire manufacturers. With locations in Germany, the United...

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Fujikura Composites Sees Sales, Profits Decline in FY2023: Results

on May 31, 2024 in Products

Fujikura Composites posted a 7.1% year-on-year decline in net sales to 37.79 billion yen ($241.18 million), an 18.2% decline in operating income to 3.62 billion yen, a 24.2% decline in ordinary income to 3.9 billion yen, and a 17.6% decline in net income to 3.25 billion yen for the fiscal year ended March 31, 2024. By segment, the industrial supplies...

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NOK Significantly Increases Net Income in FY2023

on May 30, 2024 in Products

NOK reported a 5.7% year-on-year increase in net sales to 750.50 billion yen ($4.47 billion), a 49.0% increase in operating income to 22.91 billion yen, a 51.7% increase in ordinary income to 40.29 billion yen, and a 137.2% increase in net income to 31.60 billion yen for the fiscal year ending March 31, 2024. “Although the company did not reach...

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Sakura Rubber Sales up 25% in FY2023

on May 29, 2024 in Products

Sakura Rubber’s fiscal 2023 results showed sales of 13.35 billion yen ($85.19 million), up 24.9% year-on-year; operating income of 1.14 billion yen, up 166.9%; ordinary income of 1.11 billion yen, up 170.4%; and net income of 733 million yen, up 133.5%. Among segments, the firefighting and disaster prevention business posted sales of 8.72 billion yen, up 28.8%, and operating profit...

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Tiger Polymer Posts Fiscal 2023 Results

on May 27, 2024 in Products

Tigers Polymer’s results for the fiscal year ending March 31, 2024, showed sales of 47.86 billion yen ($304.97 million), up 5.7% year-on-year; operating income of 3.19 billion yen, up 192.9%; ordinary income of 4.29 billion yen, up 129.2%; and net income of 3.02 billion yen, up 269.9%. By segment, sales in Japan increased 1.8% to 21.93 billion yen, and operating...

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Nitta Posts Financial Results, Sees Opportunity in Semiconductor-related Business

on May 24, 2024 in Market Background, Products

Nitta announced net sales of 88.61 billion yen ($565.29 million), up 0.7% year-on-year; operating income of 4.42 billion yen, down 11.4%; ordinary income of 12,01 billion yen, down 6.9%; and net income of 9.68 billion yen, down 9.2%, for the fiscal year ending March 31, 2024. “Sales were decent, but profits fell sharply due to a slower-than-expected decline in the...

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