Tokyo Zairyo Corp., a raw material trading company and a subsidiary of Zeon Corp. (TYO:4205), has announced its annual net revenue for the fiscal year ending March 2016 was 87.924 billion yen ($865 million), down 2 percent year-on-year. Ordinary income was 1.854 billion yen, up 2 percent and net profit was 1.357 billion yen, down 13 percent. Ordinary income rose...
Japan’s largest carbon black manufacturer Tokai Carbon Co. Ltd. (TYO: 5301) reported annual sales of 104.9 billion yen ($921.8 million) for fiscal 2015 (January-December), marking a 9 percent year-on-year decline. Of those, the carbon black (CB) segment accounted for sales of 46.2 billion yen ($406 million), a year-on-year decline of 16 percent. Operating profit declined 50 percent to 1.3 billion...
Japan’s carbon black masterbatch industry is experiencing a downturn. The expected rise in demand starting in July 2015 had not materialized as of November. Accordingly, the Japan Polymer Mixing Manufacturers Association (JPMA; comprising 24 companies) has lowered its forecast for 2015 to between 110,000 and 115,000 tons, about the same as 2014, or less. The year the JPMA was established,...
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