Rubber auto parts manufacturer Nichirin Co. Ltd. (TYO:5184) recently posted its business results for the first quarter of calendar 2020. The figures here highlight how sluggish demand and sales in the automotive sector – Nichirin’s largest customer industry – brought about a decline in both sales revenue and profit at the company. A large part of this stems from the...
Nichirin Co. Ltd. (TYO:5184) recently announced that it intends to stop production and sales of automotive air conditioning units and brake hoses at U.K.-based subsidiary Nichirin U.K. Ltd. (NUK). At present, around 40 percent of such shipments from this plant go out to the U.K. and Turkish assembly plants of Honda Motor Co. Ltd. (TYO:7267), making Honda the most significant...
Nichirin Co. Ltd. (TYO:5184), a manufacturer specializing in automotive hoses, has set up a production technology center within the company’s Himeji Factory. In a recent interview with Japan Rubber Weekly, Nichirin President Ryuichi Maeda said that the company will use the center to tackle innovative manufacturing and develop new production methods. In addition, he said, Nichirin will focus on bolstering...
Nichirin Co. Ltd. (TYO:5184), a large manufacturer of automotive rubber parts, recently released its business results for the second quarter of the fiscal year ending December 2017. The company posted sales of 29.01 billion yen ($265.64 million), up 15.9 percent over the same period last year; an operating profit of 4.39 billion yen, up 22.5 percent; and an ordinary profit...
Nichirin Co. Ltd. (TYO:5184) decided in a recent board meeting to invest around $40 million in the establishment of a subsidiary in China for the manufacturing and sales of automotive parts. The subsidiary, tentatively named Jiangsu Nichirin Automobile Accessories, will be located in Changshu, Jiangsu Province. Products will include hoses for cars and motorcycles. Nichirin already has auto parts operations...
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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