NOK Corp. (TYO:7240) has released its results for the second quarter of fiscal 2017. The major oil seals manufacturer posted net sales of 357.04 billion yen ($3.14 billion), up 6.7 percent year-on-year; operating income of 20.1 billion yen, up 77 percent; ordinary income of 26.6 billion yen, up 175.7 percent; and quarterly net profit of 16.25 billion yen, up 246.1...
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Nishikawa Rubber Co. Ltd. (TYO:5161) recently released its business results for the first half of the fiscal year ending March 2018. The company, which manufactures weatherstrips and other auto parts, posted sales of 44.29 billion yen ($390.32 million), up 4.7 percent year-on-year; an operating profit of 3.75 billion yen, down 3.5 percent and an ordinary profit of 4.54 billion yen,...
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Bando Chemical Industries Ltd. (TYO:5195) has established Bando Asia & Pacific Co. Ltd., a new wholly-owned subsidiary in Bangkok, Thailand. Intended to help Bando advance its business in Asian markets more effectively, the subsidiary was established with 11 million Thai Baht ($332,527) in capital, and is set to begin operating next January. For the time being, its role will be...
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Sumitomo Rubber Industries Ltd. (TYO:5110) recently announced that Volkwagen AG has chosen a range of Falken tires as OEM for the sixth-generation Polo, which launched last month. The tires being supplied are the Azenis FK453, Sincera SN832A Ecorun, Ziex ZE914A Ecorun and Eurowinter HS449. Commenting on this OEM business, Christian Stolting, Key Account Manager OE at Falken Tyre Europe GmbH,...
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Nitta Corp. (TYO:5186) has posted record-high sales and profits for the first half (April–September) of the fiscal year ending March 2018. This reflects strong domestic and overseas business results for the company’s mainstay belt and hose business operations, as well as for its air conditioning and device-related products. Total sales for the half were 36.48 billion yen ($319.79 million), up...
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Forbo Siegling Japan Ltd.’s belt and seal businesses have posted solid sales for the first half (January–June) of 2017. The company’s belt business saw sales increase more than 5 percent year-over-year on the back of sales growth in the logistics and food industries. Sales for the logistics sector were particularly robust, backed by increased demand both from logistics centers that...
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