Okamoto reported a 3.4% year-on-year rise in sales to 26.07 billion yen ($177.21 million), a 10.7% rise in operating income to 2.54 billion yen, a 9.7% rise in ordinary income to 3.59 billion yen, and a 19.3% decline in net income to 2.21 billion yen for the first quarter of the fiscal year ending March 31, 2025. By segment, sales...
Okamoto reported a 12.1% year-on-year rise in sales to 25.28 billion yen ($172.75 million), a 26.5% rise in operating income to 2.2 billion yen, a 27.7% rise in ordinary income to 3.27 billion yen, and a 68.5% rise in net income to 2.74 billion yen for the first quarter of this fiscal year (April-June 2023). By segment, sales of industrial-use...
Yoshiyuki Okamoto, chairman and president of Okamoto Industries Inc. (TYO:5122), recently said that the company is planning to add 10 billion yen ($87.25 million) in investments over the coming three years. On top of setting up a new logistics base in Okayama to bolster its foundations in western Japan, the company is making efforts overseas as well, with plans to...
Okamoto Industries Inc. (TYO:5122) is set to establish a new plant for the production of automotive interior materials in Wuhan, Hubei Province, China. Operated by a new subsidiary named Okamoto Manufacturing Wuhan Co. Ltd., the new plant is set to see construction begin this May and finish in December. The Wuhan plant will give Okamoto a third production base for...
Chemical products and condom manufacturer Okamoto Industries Inc. (TYO:5122) recently posted results for the April–June quarter of fiscal 2020. Net sales here were down year-on-year 14.6 percent, dropping to 19.365 billion yen ($183.47 million); operating income was down 15 percent, dropping to 1.923 billion yen; ordinary income fell 5 percent to 2.416 billion yen; and net profit dropped 10.4 percent,...
More than three-quarters of Japan’s top 100 rubber companies saw their sales rise year-on-year in fiscal 2017, an independent study by Japan Rubber Weekly has found. According to the results of this study, 79 of Japan’s top 100 firms operating in the industry reported year-on-year increases to sales, up from 48 in fiscal 2016. Double-digit sales growth was posted by...
