Nippon Valqua Industries Ltd. (TYO:7995) is experiencing a good run with its seal business. Performance overall has also been good as of late for Nippon Valqua, as evidenced by the company’s results for the April–September quarter for the fiscal year ending March 31, 2018. The major seal manufacturer saw net sales in the second quarter of 23.28 billion yen ($204.65...
Nishikawa Rubber Co. Ltd. (TYO:5161), a large manufacturer of rubber parts for the automotive industry, inaugurated Yoshitomo Fukuoka as its new CEO three months ago. Unlike most in the automotive parts industry, Fukuoka’s prior work has been based around shipbuilding, and his switch between these highly divergent industries has drawn attention over recent months. Japan Rubber Weekly recently sat down...
Major manufacturer of oil seals NOK Corp. (TYO:7240) posted first quarter sales of 147.11 billion yen ($1.454 billion) for April–June, representing a year-on-year decline of 16.5 percent. Operating profit, meanwhile, plummeted 96.8 percent, dropping down to 377 million yen. Furthermore, after having enjoyed pretax profits of 15.263 billion yen for the same period in 2015, this year NOK has reported...
Hiroshima Kasei Ltd. is moving ahead with the construction of a factory to make vehicle seals in Bandung, Indonesia. The decision is in response to Japanese vehicle manufacturers operating plants outside Japan. The venture in Indonesia will be the first time the company will directly manufacture vehicle seals outside Japan. The company has until now indirectly supplied vehicle manufacturing plants...
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