Nitta performance for the fiscal year ended March 31, 2025, recorded sales of 90.28 billion yen ($622.29 million), up 1.9% year-on-year, operating profit of 5.16 billion yen, up 16.6%, ordinary profit of 14.60 billion yen, up 21.6%, and net profit of 12.13 billion yen, up 23.1%. Sales grew despite continued weakness in automotive and construction machinery sectors, driven by a...
Sojitz, Mitsui Chemicals, and Sumitomo Chemical signed a share purchase agreement for Nippon A&L, a company engaged in the manufacture, sale, and R&D of SBR latex and ABS resin. Following necessary procedures, the current ownership structure of 15% by Mitsui Chemicals and 85% by Sumitomo Chemical will shift by July to 66.5% by Sojitz and 33.5% by Sumitomo Chemical, making...
On May 15, Dow Chemical Japan outlined its sustainable business strategy, focusing on initiatives in the mobility sector. The company aims to reduce CO2 emissions by 30% by 2030 compared to 2005 levels and achieve annual production of 3 million tons of “circular and renewable products” by converting potential waste materials into renewable raw materials. Since 2005, Dow has reduced...
Denka announced that its U.S. subsidiary, Denka Performance Elastomer (DPE), will not resume operations at its chloroprene rubber (CR) manufacturing facility, currently shut down for scheduled maintenance, and will instead place it on indefinite suspension. The company faced significant profit deterioration due to DPE’s struggling CR business, recording a special loss of approximately 16.1 billion yen ($107.33 million) for fixed...
Sumitomo Rubber announced on May 8 that it completed on May 7 the acquisition of the Dunlop trademark and other rights for four-wheel tires in Europe, North America, and Oceania from The Goodyear Tire & Rubber Company. Sumitomo Rubber paid $631 million for the trademark and contractual rights, as well as transition support costs related to the transition of Dunlop...
The Japan Belting Industry Association announced the 2024 import and export performance of rubber belts, compiled based on Ministry of Finance trade statistics. According to the data, export value was 48.35 billion yen ($340.24 million), up 6% from the previous year, and import value was 12.80 billion yen, up 11% from the previous year. Imports shifted from a decline in...
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