Nitta Corp. (TYO:5186) President Motonobu Nitta has revealed Phase 3 of his company’s V2020 medium- to long-term management plan. Starting in fiscal 2018, Phase 3 is set to cover a three-year span ending in fiscal 2020. By this point, the plan aims to achieve annual sales of 100 billion yen ($913 million), up from 72.9 billion yen in fiscal 2017,...
Nitta Corp. (TYO:5186) has recently developed new technology to be applied as part of the company’s proprietary carbon nanotube (CNT) dispersion technology. The new technology improves flow, conductivity and film strength by taking elongated, isolated and dispersed CNTs and turning these into round cotton ball-like shapes. As it improves in usability, Nitta’s new technology is expected to find an expanded...
Sporting goods maker Yonex Co. Ltd. (TYO:7906) plans to manufacture tennis rackets with shafts that incorporate Namd prepreg, a carbon fiber prepreg made using Nitta Corp.’s (TYO:5186) proprietary Namd technology for carbon nanotube (CNT) dispersion and synthesis. The use of Namd prepreg in the shafts of VCore Pro tennis rackets is expected to provide a combination of strength, flexibility and...
The robotics industry is booming as manufacturers cut personnel costs and supplement scarce human resources through production line automation and workforce reduction. According to statistics reported by the Japan Robot Association (JARA), 55,998 robotic devices were produced during the July-September quarter, up 44.9 percent from the same quarter of the previous year. Shipment value amounted to 195.95 billion yen ($1.73...
Nitta Corp. (TYO:5186) has posted record-high sales and profits for the first half (April–September) of the fiscal year ending March 2018. This reflects strong domestic and overseas business results for the company’s mainstay belt and hose business operations, as well as for its air conditioning and device-related products. Total sales for the half were 36.48 billion yen ($319.79 million), up...
Nitta Corp. (TYO:5186) has reported a surge in revenue and profit for the first half of the fiscal year ending March 31, 2018. Sales rose to 36.48 billion yen ($319.79 million), up 14 percent from the same period last year, and net profit jumped 25.5 percent to 4.88 billion yen. Meanwhile, operating profit was up 15.2 percent at 2.87 billion...
