Bando Chemical Industries Ltd. (TYO:5195) has reported a year-on-year increase to both sales and profits for the first half of fiscal 2018. Sales for the half increased 5.3 percent over the same period last year to reach 48.2 billion yen, with operating profit up 23.4 percent to 3.81 billion yen, ordinary profit up 34.2 percent to 4.55 billion yen and...
More than three-quarters of Japan’s top 100 rubber companies saw their sales rise year-on-year in fiscal 2017, an independent study by Japan Rubber Weekly has found. According to the results of this study, 79 of Japan’s top 100 firms operating in the industry reported year-on-year increases to sales, up from 48 in fiscal 2016. Double-digit sales growth was posted by...
The Japan Belting Manufacturers Association recently released statistics showing Japan’s domestic production of transmission belts to have increased 2 percent year-on-year for 2017, reaching a total of 11,985 tons. While automotive demand stalled, demand for general industrial applications was solid. Increased demand was seen for applications such as semiconductor manufacturing equipment, injection molding machines, machine tools and industrial robots. Looking...
Bando Chemical Industries Ltd. (TYO:5195) has put together an outline of its new medium-term business plan, “Breakthroughs for the Future 2nd Stage.” Slated to run for five years and end in fiscal 2022, the plan targets expansion both for Bando Chemical’s existing operations – which are focused on belt products – and for its new business areas, specifically with regard...
Bando Chemical Industries Ltd. (TYO:5195), a manufacturer of automotive rubber components and belts, is focusing on Asia as part of its current medium- to long-term management plan, which it has been following since fiscal 2013. With one of this plan’s guidelines targeting the “evolution of global market strategy,” the company has set Asia as a high-priority region, and aims for...
Mitsutaka Yoshii, president of rubber belt and functional parts manufacturer Bando Chemical Industries Ltd. (TYO:5195), sat down with Japan Rubber Weekly ahead of the new year to discuss his company’s plans for 2018. Noting that Bando’s new businesses have finally taken shape, he stressed that placing them on a sound growth footing is the key task in the second stage...
