Ube posted first half (April-September) results for the fiscal year ending March 31, 2023, showing sales of 244.78 billion yen ($1.75 billion), down 20.2 percent year-on-year; operating income of 8.52 billion yen, down 55.4 percent; ordinary loss of 1.83 billion yen (against a profit of 17.90 billion yen in the same period last year); and net loss of 341 million...
Sumitomo Riko, a leading supplier of automotive rubber parts such as anti-vibration rubber, posted sales of 255.6 billion yen ($1.76 billion), up 22.7 percent year-on-year, business loss of 894 million yen (102 million yen profit in the same period last year), and quarterly loss of 4.794 billion yen (3.480 billion yen profit in the same period last year) in the...
NOK, a leading manufacturer of O-rings, announced upward revisions to its second half and full-year earnings forecasts. According to the announcement, the company sees its second half sales forecast to remain largely unchanged from the previous forecast, but expects operating income to increase due to foreign exchange fluctuations and the passing on of selling prices following the sharp rise in...
Yokohama Rubber’s sales increased by 28.8 percent year-on-year to 391.48 billion yen ($2.81 billion) in the first half (January-June) of the fiscal year ending December 31, 2022. Business profit for the period was 27.73 billion yen, up 5.3 percent; and net income was 23.31 billion yen, down 36.9 percent. The factors for increases and decreases at the business profit level...
This article follows part 1 in a series of 2 on Sumitomo Rubber’s first half financial results (January-June of the fiscal year ending December 31, 2022). Looking at Sumitomo Rubber’s performance by segment, the tire business posted sales revenue of 430.85 billion yen ($3.13 billion), up 16.7 percent year-on-year, and operating profit of 7.66 billion yen, down 67.4 percent. Japanese...
Sumitomo Rubber has posted revenues of 512.11 billion yen ($3.71 billion) for the first half (January-June) of the fiscal year ending December 31, 2022, up 16.4 percent year-on-year. Business profit was 14.18 billion yen, down 52.9 percent; and overall profit was 17.19 billion yen, down 16.2 percent. In a highly uncertain economic environment, including the coronavirus pandemic, the situation in...
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