Sumitomo Riko Co. Ltd. (TYO:5191) President Kazushi Shimizu spoke recently about the expectation of growth in the electric-powered vehicle market, describing the trend as something that should benefit his company going forward. And already, he said, Sumitomo Riko is doing well at securing orders for new products in this field. Shimizu said that given the policies of national and local...
Bridgestone Corp. (TYO:5108) has developed a prototype tire specifically for electric buses, achieving this by way of joint research with Kumamoto University’s Faculty of Advanced Science and Technology. The hope is that this will contribute to the rollout of sustainable public transport. Intended to help reduce the total running costs of electric buses, the prototype tire has been designed specifically...
Denka Co. Ltd. (TYO:4061) posted 160.3 billion yen ($1.52 billion) in sales in its business report for the April–September quarter of fiscal 2020, marking a year-on-year drop of 16.5 percent. Operating income was just under 12.07 billion yen, down 21.4 percent year on year, while ordinary income was 12.29 billion yen, down 15.4 percent, and net profit at 10 billion...
Tokai Carbon Co. Ltd. (TYO:5301) has positioned its carbon black business as a major base of revenue within T-2021, a new medium-term management plan set to run from 2019 to 2021. Under this plan, Tokai Carbon’s carbon black business is projected to generate 124 billion yen for 2021, up from a 115.3 billion projection for 2019. Operating profit from the...
Yokohama Rubber Co. Ltd. (TYO:5101) recently posted its business results for calendar 2018, showing a slight increase to overall sales but a drop in most profit metrics. Across the company’s various divisions, sales rose 0.6 percent year-on-year to reach 650.24 billion yen ($5.89 billion). Business profit was then up 1.7 percent to 59.26 billion yen, but operating profit was down...
Toyo Tire & Rubber Co. Ltd. (TYO:5105) has announced that it will endorse and join as a member of the 2018 Telework Days event, a national movement backed by the Ministry of Economy, Trade and Industry (METI) as part of a push for workplace reform. The rubber company has already been looking to better handle fluctuations in business with a...
