Mitsuboshi Belting Ltd. (TYO:5192) has posted approximately 53.2 billion yen ($492.7 million) in total sales for the first three periods of fiscal 2017. This represents an increase of 6.6 percent over the same period for the previous year. The company made gains in operating profit as well, recording a 6 percent year-on-year increase to hit approximately 6.91 billion yen. Ordinary...
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Nitta’s Revenue and Profit Jump in First Half on Strong Semiconductor Products Demand
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...
Nitto Kako’s Rubber Business Sees 4.7% Growth in First Half
Nitto Kako Co., Ltd. (TYO:5104) recently released its business results for the first half (April–September) of the fiscal year ending March 2018. The company posted sales of 3.87 billion yen ($34.05 million), down 4.9 percent over the same period last year; an operating profit of 158 million yen, down 7.8 percent; an ordinary profit of 155 million yen, down 6.1...
Japanese Glove Sales Remain Strong as Focus on Work Safety Grows
Japan’s domestic sales volumes of glove products remained firm in 2016, up slightly from the year before, according to a report by the Japan Glove Manufacturers Association. Domestic sales of household gloves totaled 91.84 million pairs during 2016, up 0.2 percent from the previous year, while sales for surgical gloves increased 1.5 percent to 79.02 million pairs. Ultra-thin disposable gloves...
Nishikawa Rubber’s Q1 Revenue and Profit Rise Alongside Automobile Production Volume
Nishikawa Rubber Co. Ltd. (TYO:5161) has reported 22.1 billion yen ($200.34 million) in sales, up 2.3 percent year-over-year, and 1.96 billion yen in operating profit, up 9.8 percent, for the first quarter of the fiscal year ending March 2018. Ordinary profit for the quarter increased 34.5 percent to 2.66 billion yen, while net profit was 1.91 billion yen, contrasting a...
Shin-Etsu Polymer Achieves Strong First Quarter Results
Plastics processing company Shin-Etsu Polymer Co. Ltd. (TYO:7970) achieved net sales of 18.98 billion yen ($172.27 million) for the first quarter of fiscal 2018 (April–June 2017), up 5.8 percent year-on-year. Shin-Etsu Polymer’s operating income for the first quarter of fiscal 2018 was 1.68 billion yen, up 2.3 percent year on year. The company achieved an ordinary income of 1.85 billion...