Nitta announced net sales of 88.61 billion yen ($565.29 million), up 0.7% year-on-year; operating income of 4.42 billion yen, down 11.4%; ordinary income of 12,01 billion yen, down 6.9%; and net income of 9.68 billion yen, down 9.2%, for the fiscal year ending March 31, 2024. “Sales were decent, but profits fell sharply due to a slower-than-expected decline in the...
Nitta’s Nitta Moore division posted lower sales and profits in the third quarter (April-December) of the fiscal year ending March 31, 2024, compared to the same period last year. Sales in the auto business were strong due to an upturn in automobile production at the customers who demanded them, but sales in the general industrial business were sluggish due to...
Rubber and resin products manufacturer Nitta has developed patented carbon fiber reinforced plastic (CFRP) products for the industrial field using its proprietary CNT composite technology Namd. Since fiscal 2017, Namd has been used in many CFRP products in the sports field, such as tennis rackets and golf club shafts, due to its excellent properties, including vibration damping and speed-dependent relaxation...
Nitta launched in March Biomass Nylon Tube, a product made primarily from plant-derived nylon. Demand for biomass products has been increasing in recent years on back of rising environmental awareness. In line with this, Nitta has been developing and marketing biomass nylon tubing as an environmentally friendly product as part of its various efforts to help realize a sustainable society....
Rubber and resin-related companies are focusing on expanding into the food market, where they expect stable demand. At Fooma Japan 2023, held recently at Tokyo Big Sight from June 6-9, a large number of rubber and resin-related companies were present, with many of them exhibiting for the first time in order to cultivate new demand in the food industry. The...
Nitta has registered to join the 30 by 30 Alliance for Biodiversity, which is working to conserve biodiversity. The alliance was established as a voluntary alliance of the Ministry of the Environment, government, business and NPOs to achieve the 30 by 30 target. 30 by 30 is the G7 2030 Nature Pact agreed at the G7 summit held in the...
