Auto parts maker Nishikawa Rubber Co. Ltd. (TYO:5161) recently released its results for the first three quarters of fiscal 2017, showing sales to be up by 11.1 percent year-on-year to 71.28 billion yen ($667.89 million). Operating profit for the April–December period was down 3.4 percent to 5.92 billion yen year-on-year, while ordinary profit was up 6.7 percent to 7.08 billion...
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Toyo Tire & Rubber Co. Ltd. (TYO:5105) announced on Jan. 15 a change in its trade name to Toyo Tire Corp. The decision by the board of directors came earlier that day, and the change is set to come into effect on Jan. 1, 2019. During an earnings briefing held on the day of the announcement, Toyo Tires President Takashi...
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The China Rubber Conference this year is set to be held over the four days of March 27–30 at Shangri-La Hotel, Qingdao, located in the eastern province of Shandong. Sponsored by the China Rubber Industry Association (CRIA) since 2006, the conference serves as an annual general meeting concerning the rubber industry, and is the largest such event to cover a...
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Sitting down for a recent interview with Japan Rubber Weekly, Toyoda Gosei Co. Ltd. (TYO:7282) President Naoki Miyazaki said that the automotive industry is entering a massive, once-in-a-century turning point. Such a shake-up to business is an opportunity for growth, he said. Miyazaki spoke on the impact of electrification and Toyoda Gosei’s strategy to deal with it, saying that although...
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Mitsuboshi Belting Ltd. (TYO:5192) has posted approximately 53.2 billion yen ($492.7 million) in total sales for the first three periods of fiscal 2017. This represents an increase of 6.6 percent over the same period for the previous year. The company made gains in operating profit as well, recording a 6 percent year-on-year increase to hit approximately 6.91 billion yen. Ordinary...
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Sporting goods maker Yonex Co. Ltd. (TYO:7906) plans to manufacture tennis rackets with shafts that incorporate Namd prepreg, a carbon fiber prepreg made using Nitta Corp.’s (TYO:5186) proprietary Namd technology for carbon nanotube (CNT) dispersion and synthesis. The use of Namd prepreg in the shafts of VCore Pro tennis rackets is expected to provide a combination of strength, flexibility and...
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