Nitta Posts Financial Results, Sees Opportunity in Semiconductor-related Business May. 24, 2024. - Nitta announced net sales of 88.61 billion yen ($565.29 million), up 0.7% year-on-year; operating income of 4.42 billion yen, down 11.4%; ordinary income of 12,01 billion yen, down 6.9%; and net income of 9.68 billion yen, down 9.2%, for the fiscal year ending March 31, 2024. “Sales were decent, but profits fell sharply due to a slower-than-expected decline in the […]
Bando Chemical Invests in Agricultural AI Startup May. 23, 2024. - Bando Chemical has invested in Inaho, a company that provides services for manufacturers focusing on automated agricultural harvesting robots using AI. With the mission of making farming more sustainable with technology, Inaho is a startup company that supports the resolution of management issues in agriculture through the use of AI and Robotics. To this end, it is working on the […]
Bando Chemical Invests in Agricultural AI Startup May. 23, 2024. - Bando Chemical has invested in Inaho, a company that provides services for manufacturers focusing on automated agricultural harvesting robots using AI. With the mission of making farming more sustainable with technology, Inaho is a startup company that supports the resolution of management issues in agriculture through the use of AI and Robotics. To this end, it is working on the […]
Bridgestone Begins R&D on Tire Materials Using Next-Gen Synchrotron Radiation Facility May. 22, 2024. - Bridgestone has begun research and development of tire materials utilizing NanoTerasu, a 3GeV high-brilliance synchrotron radiation facility located on the new Aobayama Campus of Tohoku University. NanoTerasu utilizes soft X-rays, which are suitable for observing polymer materials such as rubber, to observe polymer materials widely used in tire products on a molecular scale. By understanding the characteristics of polymer materials […]
Yokohama Rubber to Expand Motorsport Tire Production Capacity at Japanese Plant May. 22, 2024. - Yokohama Rubber will expand the production line for motorsports tires in sizes larger than 18 inches at its Mishima Plant in Japan’s Shizuoka Prefecture. With an investment of around 3.8 billion yen ($24.3 million), production capacity will be increased by 35%. Construction of the expanded production line is scheduled to begin in the third quarter of 2024, with production starting […]
Strategies of Summer Tire Makers: Goodyear Japan May. 13, 2024. - Goodyear Japan is pursuing a premium strategy that includes higher-inch tires and tires for SUVs. Since last year’s summer tire season, the company has been promoting its all-season tire series Vector 4Seasons to expand sales. The series is one of the company’s strengths and sales volume has been increasing every year. “In previous years, we have been promoting the series […]
Nitta Posts Financial Results, Sees Opportunity in Semiconductor-related Business May. 24, 2024. - Nitta announced net sales of 88.61 billion yen ($565.29 million), up 0.7% year-on-year; operating income of 4.42 billion yen, down 11.4%; ordinary income of 12,01 billion yen, down 6.9%; and net income of 9.68 billion yen, down 9.2%, for the fiscal year ending March 31, 2024. “Sales were decent, but profits fell sharply due to a slower-than-expected decline in the […]
Yokohama Rubber Adds Cellular and Cone Fenders to Solid Fender Product Lineup May. 15, 2024. - Yokohama Rubber has in April added cellular fenders and cone fenders to its solid fender product lineup for use in port moorings. Following the release of the basic model V-type solid fender in July 2023, the two higher-performance products complete a lineup that meets a wide range of user needs. Going forward, the company plans to further expand its market […]
Denka Considers Drastic Measures in Chloroprene Rubber Business May. 20, 2024. - Denka is considering to decide on drastic measures for its chloroprene rubber (CR) business by the end of 2024. President Toshio Imai will “consider all options,” centered on a close examination of optimal production capacity, including capacity reductions. The environment surrounding the CR business is severe. While the supply-demand balance has eased significantly since the latter half of fiscal 2022, […]
Synthetic Rubber Sales and Profit Rise on Higher Shipments: Zeon FY 2023 Results May. 1, 2024. - Zeon reported net sales of 382.28 billion yen ($2.42 billion), down 1.6% year-on-year, operating income of 20.50 billion yen, down 24.6%, ordinary income of 26.91 billion yen, down 14.3%, and net income of 31.10 billion yen, up 194.3% for the year ended March 2024. In the elastomer materials business segment, sales declined 3.1% to 215.29 billion yen, and operating profit […]
Interview With Rengo Chairman Nobuhiro Sato on Coming Spring Campaign Feb. 28, 2024. - Japan Rubber Weekly sat down with Nobuhiro Sato, Chairman of the Central Executive Committee of Gomu Rengo, the Japanese Rubber Workers’ Union Confederation, talking about the spring campaign for the current fiscal year that is about to get underway. Sato sees this as “a critical moment to determine whether the trend of wage increases will be sustained,” and is determined […]
Interview With Nichirin President Hiroyuki Soga Feb. 8, 2024. - Japan Rubber Weekly sat down with President Hiroyuki Soga of Nichirin, a manufacturer of automotive hoses and piping. Soga, who assumed the position of president in April 2023, was posted to the United States at the age of 26 and has since then worked overseas for a total of 26 years. He has also served as president of overseas subsidiaries […]