NOK Corp. (TYO:7240), a major manufacturer of sealing materials and other automotive parts, posted sales of around 746.1 billion yen ($6.76 billion) for the year ending March 31, 2016. This represented a year-on-year increase of 8 percent, which marks the company’s best annual performance ever. Net sales from NOK’s principal business, seals, were down somewhat at approximately 296.2 billion yen;...
Zeon Corp. (TYO:4205) has announced its consolidated net sales declined by 4 percent year-on-year to 295.6 billion yen ($2.8 billion), and its net income decreased by 5 percent to 18 billion yen for the fiscal year ending March 2016. Price drops in export thermoplastic elastomers and rubbers, led by general-purpose rubbers, negatively affected the earnings for the period. Meanwhile, consolidated...
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