The novel coronavirus outbreak in Wuhan, Hubei Province, China, is having a major impact on society. This is especially true in China itself, though there is also the possibility that the virus will spread further overseas going forward. Looking then to get a better idea of how all this will impact business, Japan Rubber Weekly collected information from a number...
nishikawa rubber
Nishikawa Rubber to Establish Chinese Production Base for Automotive Seals by End of Year
Nishikawa Rubber Co. Ltd. (TYO:5161) has announced that it will establish a Chinese manufacturing and sales subsidiary for rubber and plastic auto parts in the outskirts of Wuhan, Hubei Province. By starting up a new base here, the company hopes to better meet the needs of its major customers, seeing these needs growing in tandem with China’s domestic automotive market....
Nishikawa Rubber Sees Double-Digit Sales Growth, Net Profit Recovery Over First Three Quarters
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 Sees Strong First Half on Back of Automotive Turnaround
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 CEO Discusses North America, Sealing Products
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...
Nishikawa Rubber Settles US Civil Suit
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...