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Japanese Rubber Companies Heavily Revise Earnings Projections

on November 17, 2016 in Industry

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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Mitsuboshi Belting Expands Into Metal Automotive Parts

on October 7, 2016 in Products

Rubber transmission belt manufacturer Mitsuboshi Belting Ltd. (TYO:5192) is moving aggressively into the field of metal parts for automobiles. At its recent global distributor meeting held in Kobe, the company has introduced its new product Smastar, a spring-loaded alternator pulley. The pulley’s built-in coil spring allows it to absorb engine rotational fluctuations, helping, the company says, to control belt noise,...

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Mitsuboshi Belting Rides Strong Sales of Energy-efficient V-Belts

on June 13, 2016 in Products

Mitsuboshi Belting Ltd. (TYO:5192) is riding strong sales of its E-Power and other energy-efficient V-belts, particularly for air-conditioning applications in factories and commercial buildings. The company’s synchronous belts for injection molding machines are also selling well. Expanding sales of high-torque belts are contributing to healthy business. Looking at the general industrial transmission belt market in Japan for the foreseeable future,...

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Mitsuboshi Belting to Launch Low-adhesion Resin Belt

on May 30, 2016 in Industry, Products

Mitsuboshi Belting Ltd. (TYO:5192) has developed the Hybrid Silicone Belt, a light resin conveyor belt for moving food items. The surface of the new belt employs a copolymer that consists of polyurethane and silicone (polysiloxane), enabling improved releasability and high durability. The product is suited for transporting sticky foods such as bread dough, chewing gum and candies. The new product...

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Mitsuboshi Belting Operating Income Up 7% on Strong Overseas Sales

on May 24, 2016 in Products

In FY 2015, Mitsuboshi Belting Ltd. (TYO:5192) posted operating income of 7.6 billion yen ($69.45 million), a 7 percent increase over the year prior and the highest the company has ever achieved. Year-on-year net sales were up no more than 1 percent at approximately 67.1 billion yen. Net sales of belts in Japan were around 26.5 billion yen, down 3...

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Amid Limelight on China, Japanese Rubber Industry Quietly Continues Expansion Into Europe

on April 19, 2016 in Industry, Market Background

The period since the 1960s has seen a spurt of overseas expansion from Japanese companies involved in the rubber industry. This expansion has followed through from moving into Korea and Southeast Asia, centering on Taiwan, in the 1970s to North America in the 1980s and, since 2000, through into China and the ASEAN region. Recently, momentum has been gaining also...

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