Sumitomo Riko Co. Ltd. (TYO:5191) President & CEO Kakushi Shimizu held a press conference on July 9 to discuss company strategy after taking over the reins on June 18. Speaking at the press conference, Shimizu said that while COVID-19 caused automotive production to drop significantly over April–May, he hopes if anything to treat this as an opportunity for improvement. The...
Sumitomo Riko Co. Ltd. (TYO:5191), a leading global supplier of automotive anti-vibration rubber, is striving to develop new products and sectors in response to major upheaval in the automotive industry. Tatsu Matsui, president and CEO at Sumitomo Riko, recently sat down with Japan Rubber Weekly to give some more details on his company’s efforts here. 2020 is likely to continue...
A three-party agreement between Sumitomo Riko Co. Ltd. (TYO:5191), Itoshima City and Kyushu University has entered into its second term, which is set to span fiscal 2019–2021. Carried out at Itoshima City Hall, Itoshima, Fukuoka Prefecture, these joint efforts seek to build up a comprehensive regional care system while also making strides more broadly in the areas of health, medical...
Sumitomo Riko Co. Ltd. (TYO:5191) has developed new diagnostic equipment in the form of a sensor able to simultaneously monitor vitals such as heart rate and respiration. This marks the world’s first practical application of piezoelectric rubber in vital sensing equipment. As of Feb. 28, the new product has already been delivered to Japan’s Pharmaceuticals and Medical Devices Agency (PMDA)...
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...
