Auto parts maker Nishikawa Rubber Co. Ltd. (TYO:5161) recently released its results for the first three quarters of fiscal 2017, showing sales to be up by 11.1 percent year-on-year to 71.28 billion yen ($667.89 million). Operating profit for the April–December period was down 3.4 percent to 5.92 billion yen year-on-year, while ordinary profit was up 6.7 percent to 7.08 billion...
Nishikawa Rubber Co. Ltd. (TYO:5161) recently released its business results for the first half of the fiscal year ending March 2018. The company, which manufactures weatherstrips and other auto parts, posted sales of 44.29 billion yen ($390.32 million), up 4.7 percent year-on-year; an operating profit of 3.75 billion yen, down 3.5 percent and an ordinary profit of 4.54 billion yen,...
Nishikawa Rubber Co. Ltd. (TYO:5161), a large manufacturer of rubber parts for the automotive industry, inaugurated Yoshitomo Fukuoka as its new CEO three months ago. Unlike most in the automotive parts industry, Fukuoka’s prior work has been based around shipbuilding, and his switch between these highly divergent industries has drawn attention over recent months. Japan Rubber Weekly recently sat down...
Major automotive rubber parts manufacturer Nishikawa Rubber Co. Ltd. (TYO:5161) announced on Sept. 14 that it had reached an agreement in principle for a settlement with plaintiffs in a class-action civil lawsuit. The lawsuit, filed at the U.S. District Court for the Eastern District of Michigan, involves the company’s sales of automotive sealing components. Nishikawa Rubber has agreed to pay...
Nishikawa Rubber Co. Ltd. (TYO:5161) has reported 22.1 billion yen ($200.34 million) in sales, up 2.3 percent year-over-year, and 1.96 billion yen in operating profit, up 9.8 percent, for the first quarter of the fiscal year ending March 2018. Ordinary profit for the quarter increased 34.5 percent to 2.66 billion yen, while net profit was 1.91 billion yen, contrasting a...
Nishikawa Rubber Co. Ltd. (TYO:5161), a rubber manufacturer of automotive parts such as weatherstrips and seal material, unofficially selected a new president at a board meeting convened on May 12. The company offered the position of president and CEO to Managing Director Yoshitomo Fukuoka, aged 64. The decision will be formalized at a regular shareholder and board meeting scheduled for...
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