Sumitomo Riko’s (TYO:5191) results for the first nine months of the fiscal year ending March 2016 show sales of 316.4 billion yen ($2.7 billion), up 8 percent. Operating profit increased 75 percent to 8.7 billion yen, while net profit was 1 billion yen against a loss of 323 million yen in the same period of the previous year.
Sumitomo Riko Co. Ltd. has concluded an exclusive distributor agreement with Hydroscand AB, a Swedish seller of high-pressure hoses based in Stockholm. The move will enable Sumitomo Riko to expand sales of high-pressure hoses in 43 countries in Europe and elsewhere. This marks the company's first full entry into the industrial hose business's European market.
New Year’s Top Interview: Sumitomo Riko President Tetsu Matsui In an interview with Japan Rubber Weekly, Sumitomo Riko Co. Ltd. (TYO:5191) President Tetsu Matsui talked about his background as well as his and the company’s present situation. He said he assumed his post in June 2015 after spending seven years in North America. Since Matsui’s previous work experience was in...
Sumitomo Riko Co. Ltd. (TYO:5191) held a ceremony in Thailand to mark the opening of SumiRiko Chemical and Plastic Products (Thailand) Ltd. (SRK-CP). A subsidiary of Sumitomo Riko in Rayong Province, SRK-CP manufactures and sells precision parts for office equipment. Tetsu Matsui, Sumitomo Riko president and COO, said at the ceremony, which took place in early November, that he hopes...
Sumitomo Riko Co. Ltd. has established its Global Headquarters in JP Tower Nagoya in the city of Nagoya (Aichi Prefecture, Japan). Opening in January 2016, it will provide integrated management of the group’s worldwide operations. With strengthened global head office functions now situated in a major metropolis, Sumitomo Riko aims for reformed employee awareness and the ability to procure and...
Sumitomo Riko Co. Ltd. is stepping up its global strategy in industrial hoses. The company’s high-pressure hoses performed strongly in the Japanese market up to July but have softened since September. Sales of products for custom designed vehicles and dump trucks were also strong, but the previously robust machine tool business fell on lower exports. Sales in the repair market...
