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...
Fujikura Composites said that its printing materials (blankets) business posted year-on-year sales and profit growth in the first half (April-December) of the fiscal year ending March 31, 2023. The Japanese domestic market was sluggish, but the weak yen helped drive strong exports, which drove performance. Another positive factor was the penetration of price increases implemented in the previous fiscal year....
The four main tire manufacturers based in Japan have now all announced their results for calendar 2022. With sales volume on the rise, a weak yen, and a spate of price hikes made in response to surging raw material costs and other costs, all four of these companies saw their revenue increase for the year. However, they were split with...
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