Bando Chemical Industries Ltd.’s (TYO:5195) automotive parts business is enjoying robust sales in Southeast Asia. This comes despite a slight decline in Japanese production due to the transfer of production overseas and the impact of a greater number of vehicles not equipped with belts. The growth has primarily been driven by scooter transmission belt sales in Vietnam and India, as...
Nichirin Co. Ltd. (TYO:5184), a large manufacturer of automotive rubber parts, recently released its business results for the second quarter of the fiscal year ending December 2017. The company posted sales of 29.01 billion yen ($265.64 million), up 15.9 percent over the same period last year; an operating profit of 4.39 billion yen, up 22.5 percent; and an ordinary profit...
Sealing material manufacturer Nippon Valqua Industries Ltd. (TYO:7995) has reported that sales rose 13.4 percent year-on-year to 11.77 billion yen ($106.7 million) and operating profit surged 74 percent to 1.51 billion yen for the first quarter ended June 30, 2017 of the fiscal year ending March 31, 2018. Ordinary profit was 1.54 billion yen, up 113.1 percent, and net income...
Gates Unitta Asia Co. has been seeing strong sales figures in a number of sectors, including the domestic market for general-purpose industrial belts. In addition to the positive performance of its mainstay products related to semiconductor production equipment, solid sales of products for liquid crystal displays (LCDs) also are driving overall revenue. A representative from Gates Unitta Asia says that...
Japanese belt manufacturers are enjoying robust sales of general industrial transmission belts in China and Asia. Bando Chemical Industries Ltd. (TYO:5195) and Mitsuboshi Belting Ltd. (TYO:5192) both boasted strong sales in these regions in fiscal 2016. Sales continue to grow, centering on agricultural and industrial machinery transmission belts, a market with high expectations. Bando Chemical’s Industrial Products Division’s sales in...
Nitta Corp. (TYO:5186) has seen steady growth in sales of its conveyor belts. The company’s New Light Grip conveyor belts, which are made with polyester woven fabric, are selling well in the food and distribution sectors. In the food sector, sales of the WEXU, LBEU Series high-performance belts, which were launched in 2015, have contributed to increased revenue for the...
