Nitta’s sales of plastic belts in the first half of the fiscal year ending March 31, 2025 (April-September) are expected to increase in the high single digits year-on-year, largely in line with plans. Sales in the food field have been the strongest, with growth in sales to convenience stores for onigiri rice balls, prepared foods, and other snack foods, as...
Nitta’s consolidated subsidiary Korea Nitta Moore relocated and expanded its plant in Gumi, Korea, and began operations at the new plant on October 1. The investment was 23 billion won ($17.1 million). With a land area of 30,312 square meters and building area of 21,705 square meters, the new plant is 2.3 times larger than the old one. Air pollution...
Nitta’s Moore Division’s first quarter (April-June) financial results showed sales were flat year-on-year and operating profit increased. In the general industrial business, sales increased year-on-year. Sales of tubing and fittings, which are components of semiconductor manufacturing equipment, improved as customers began to place orders for such equipment. “The semiconductor manufacturing equipment production started in the second half of the previous...
Nitta posted sales of 21.63 billion yen ($148.14 million), down 0.4% year-on-year, operating profit of 1.16 billion yen, down 9.2%, ordinary profit of 3.60 billion yen, up 18.7%, and net profit of 3.02 billion yen, down 20.5% in the first quarter (April-June 2024) of the fiscal year ending March 2025. By segment, the belt and rubber products business posted sales...
Nitta will merge its wholly owned subsidiary Nitta Air Solutions as the surviving company and Morimitsu, also a wholly owned subsidiary, as the dissolving company, effective October 1. The surviving company, Nitta Air Solutions, was established on November 16, 1960. The company is engaged in sales of air filtration materials and dust collectors, pipe installation, real estate maintenance and management,...
Nitta has on July 9 in Osaka opened a satellite office at Mitsui Link Lab Nakanoshima in Nakanoshima Qross, an international center for future medicine. Nakanoshima Qross is an industrialization base for future medicine established in 2019 by Osaka Prefecture and 21 private companies and others. It aims to promote the industrialization of cutting-edge future medicine that responds to advances...
