JSR Corp. (TYO:4185) recently reached an agreement to acquire a 100 percent stake in 3D software company Lexi Co. Ltd. With the JSR Group expanding its business through 3D printing and material technology, this is an opportunity for the company to move forward and establish a new business in the life sciences sector. The acquisition would see the combining of...
JSR Corp. (TYO:4185) has identified solution styrene butadiene rubber (S-SBR) as a lucrative growth area in JSR20i9, the company’s medium-term business plan for fiscal 2017 to 2019. JSR hopes to achieve the plan’s goals through plant construction, greater product sales and full-capacity operations at new lines. One focus of the plan is the release of new S-SBR products with better...
Major synthetic rubber company JSR Corp. (TYO:4185) has released its business results for fiscal 2016. Sales were up for the company 1 percent year-on-year, rising to 390,599,000,000 yen ($3.34 billion); operating profit was down 5.9 percent at 32.37 billion yen; ordinary income rose 7.8 percent to 36,264,000,000 yen; and net profit, up 25 percent, increased to 30,078,000,000 yen. The company’s...
JSR Corp. (TYO:4185) has raised its prices on synthetic rubber and emulsion products, starting with deliveries from Feb. 1. The company says that the hikes are in response to increased prices of raw materials in domestic naphtha. These come on the back of a weakening yen and the high price of crude oil, along with skyrocketing butadiene prices since last...
JSR Corp. (TYO:4185) has, for the first time since its founding, restructured its business according to applications, said President Mitsunobu Koshiba during a recent talk with Japan Rubber Weekly. In addition to other steps, this included the establishment of a Tire Materials Department in June 2016. With its history of starting synthetic rubber production as a statutory company, he said...
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...
