Fukoku, a leading manufacturer of automotive rubber parts, posted sales of 44.59 billion yen ($289.88 million), up 3.8% year-on-year, operating income of 2.06 billion yen, up 94.5%, ordinary income of 2.22 billion yen, up 59.8%, and net income of 1.54 billion yen, up 47.2% in the first half (April to September) of the fiscal year ending March 31, 2025. “Net...
Fukoku, a manufacturer of automotive rubber products, presented on May 22 its new medium-term management plan, which started this fiscal year and will end in fiscal 2027. In addition to the two business strategies of “strengthening existing businesses” and “expanding growth and new businesses,” the new medium-term plan aims to maximize profitability by reforming the management base with a focus...
Automotive rubber parts maker Fukoku posted sales of 42.95 billion yen ($291.76 million), up 10.2% year-on-year, operating profit of 1.06 billion yen, up 29.6%, recurring profit of 1.39 billion yen, down 23.2%, and net profit of 1.047 billion yen, down 28.7% in the first half (April-September) of the fiscal year ending March 2024). Sales were affected by the economic slowdown...
Are we on the way toward a full-fledged recovery in demand? As rubber and plastic product manufacturers continue to announce their first half (April-September) earnings results for the fiscal year ending March 31, 2023, a recovery trend becomes visible in the automobile industry, the main source of demand. With the global economic outlook uncertain, it remains to be seen whether...
Fukoku Co. Ltd. has posted its business results for the first three quarters of fiscal 2021. The rubber auto parts manufacturer posted sales for the period coming to 54.15 billion yen ($468.84 million), while operating profit came to 1.81 billion yen. Looking on a per-segment basis, Fukoku’s Functional Parts Business generated sales of 24.13 billion yen, up 21.5 percent year-on-year,...
As companies are releasing their second-quarter earnings for the business year ending on March 31, 2017, some stand out for their revisions to projected full-year earnings. Cost-cutting boosted profits for some, while the higher yen hurt others. The following companies announced upward revisions to profit for the period: Achilles Corp. (TYO:5142), Okamoto Industries Inc. (TYO:5122), Mitsuboshi Belting Ltd. (TYO:5192), Tigers...
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