Asahi Kasei reported net sales of 2.72 trillion yen ($19.69 billion), up 10.8% from the previous fiscal year, operating income of 128.352 billion yen, down 36.7%, ordinary income of 121.53 billion yen, down 42.7%, and a net loss of 91.31 billion yen (compared to 161.88 billion yen profit). Sales reached a record high. The environmental solutions business, which includes synthetic...
Shin-Etsu Polymer reported a 16.9% year-on-year increase in net sales to 108.28 billion yen ($781.54 million), 31.0% increase in operating income to 12.74 billion yen, 28.2% increase in ordinary income to 12.98 billion yen, and a 35.2% increase in net income to 8.52 billion yen for the year ended March 31, 2023. “In the previous fiscal year, silicone wafer production...
NOK reported net sales of 709.96 billion yen ($5.19 billion), up 4.0% year-on-year, operating income of 15.37 billion yen, down 50.9%, ordinary income of 26.55 billion yen, down 42.5%, and net income of 13.32 billion yen, down 48.4%, for the fiscal year ended March 31, 2023. By segment, the sealing business posted sales of 347.06 billion yen, up 3.2%, and...
Toyo Tires reported net sales of 129.16 billion yen ($950.06 million), up 26.9% year-on-year, for the first quarter (January-March) of the fiscal year ending December 2023. Operating income was 14.57 billion yen, down 9.9%, ordinary income 15.81 billion yen, down 23.0%, and net income of 10.88 billion yen, down 38.8%. Net sales reached a record high for the first quarter....
Tokai Carbon’s first quarter results for fiscal 2023 saw net sales of 86.53 billion yen ($636.37 million), up 24.5% year-on-year; operating income of 11.49 billion yen, up 44.8%; ordinary income of 11.8 billion yen, up 40.4%; and net income of 7.96 billion yen, up 96.9%. By segment, the carbon black business posted sales of 37.46 billion yen, up 27.1%, and...
Toyoda Gosei reported sales revenue of 951.87 billion yen ($7.05 billion), up 14.7% year-on-year, operating profit of 35.06 billion yen, up 2.6%, and net profit of 16 billion yen, down 31.5% in the fiscal year ended March 31, 2023 (IFRS). The factors contributing to the increase in operating income were rationalization of 17.5 billion yen, foreign exchange of 7.1 billion...
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