Sumitomo Riko Co. Ltd. (TYO:5191) recently posted record-high sales in cumulative results for the first three quarters of fiscal 2018. This comes despite profits falling under all metrics. Sales for the nine-month period came to 350.43 billion yen ($3.19 billion), up 2.8 percent year-on-year. Meanwhile, business profit – calculated by subtracting cost of sales, sales expenses and general administrative expenses...
Sumitomo Riko Co. Ltd. (TYO:5191) is keeping a close eye on trends in the automotive industry as it continues to make strides with its 2022V medium-term management plan. Japan Rubber Weekly recently sat down with company president Tetsu Matsui to hear his thoughts on these trends and their direction as the company gears up for 2019. Predicting how market trends...
Sumitomo Riko Co. Ltd. (TYO:5191) is looking to target local OEMs by establishing a Chinese headquarters for its automotive business next April. Located in Jiaxing, Zhejiang Province, the new headquarters will come as part of a broader company initiative to strengthen its business system in China – the hope here being to speed up local sales growth for auto parts....
Sumitomo Riko Co. Ltd. (TYO:5191) is looking to expand its sales of TRC Damper, a seismic control system for wooden houses. The company markets this as providing safety, security and comfort by protecting houses from the vibrations caused by earthquakes. TRC Damper incorporates Sumitomo Riko’s special viscoelastic rubber, which serves to absorb the energy of earthquakes and turn it into...
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...
Sumitomo Riko Co. Ltd. (TYO:5191) is set to exhibit Refleshine, a highly transparent film for shielding and insulating windows, for the first time at an event in China. The company will be bringing this material to the Shanghai International Green Architecture and Construction Materials Expo 2018, which opens on July 18. A transparent, nano-hybrid, multilayered film, Refleshine can be applied...
