Mitsuboshi Belting posted sales of 45.45 billion yen ($295.59 million), up 8.1% year-on-year, operating income of 4.55 billion yen, up 9.9%, ordinary income of 4.29 billion yen, down 23.6%, and net income of 6.09 billion yen, up 69.5% for the first half (April to September) of the fiscal year ending March 31, 2025. Sales and net income reached record highs...
Mitsuboshi Belting’s sales of plastic conveyor belts in the first half of the fiscal year ending March 31, 2025 (April-September) increased by a single digit year-on-year. “The growth was driven by the food industry, which has continued to be strong since the previous fiscal year. Sales of plastic conveyor belts for convenience stores, bakery, confectionery, and meat products increased. In...
Mitsuboshi Belting will construct a new four-story building at its Nagoya Plant in Komaki City, Aichi Prefecture, that will house both production lines and an automated warehouse distribution system. The investment will be approximately 6 billion yen ($37.43 million), with operations scheduled to begin in May 2026. The site area is set to be approximately 5,300 square meters and total...
Mitsuboshi Belting, a manufacturer of industrial rubber products and rubber belts, announced at a financial result briefing on May 20 the outline of its new ’24 Mid-Term Management Plan, which will run through fiscal 2026. The company’s ideal state for fiscal 2030 is to “establish a strong corporate structure that is resilient to change,” and it has set numerical targets...
Mitsuboshi Belting’s results for the first half (April-September 2023) of the fiscal year ending March 2024 showed an increase in sales of its mainstay automotive belts, but a decline in sales and profits from general industrial and OA equipment use. With the company raising product prices in 2021 and 2022, it said that this led to a buildup of market...
Mitsuboshi Belting has been working on business and management reforms, including global production reorganization, strengthening of the logistics system, and digital transformation (DX) human resource development. Japan Rubber Weekly sat down for an interview with President Hiroshi Ikeda about the progress of reforms, the current status of new product and technology development and business performance. On current business performance and...
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