Market Background

Nitta Achieves Year-on-Year Increase to Belt, Rubber Product Sales for 2018

Nitta Corp. (TYO:5186) recently posted its results for fiscal 2018, revealing a total of 89.17 billion yen in annual sales – up by 22.2 percent year-on-year. On the profit side of the equation, the company made 5.66 billion yen in operating income, up 16.4 percent year-on-year; 11.47 billion yen in ordinary income, down 0.3 percent; and 8.97 billion yen in...

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JSR to Switch up Top Management With New Positions, New President

JSR Corp. (TYO:4185) announced on March 14 that it intends to restructure its top management, having made a decision on this at a board of directors meeting earlier that day. Managing Officer Eric Johnson, 57, has been selected to fill the newly created role of CEO. Meanwhile, Nobuo Kawahashi, 62 – currently an executive managing officer at JSR – was...

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Showa Denko Posts Major Increase to Sales and Income, Strong Propylene Results

Showa Denko KK (TYO:4004) recently revealed that it achieved an increase to both sales revenue and income for calendar 2018. The company posted sales of 992.14 billion yen ($8.97 billion) for the year, up by 27.1 percent over figures from 2017. Meanwhile, operating income was up 131.6 percent year-on-year to reach just over 180 billion yen, with ordinary income up...

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Kuraray Posts Drop in Profits for 2018 Despite Significant Increase to Sales

Kuraray Co. Ltd. (TYO:3405) recently posted its full-year results for 2018, showing a significant increase to sales but a decrease in all profit metrics. While the company’s sales rose by 16.3 percent year-on-year to reach almost 603 billion yen ($5.45 billion), its operating profit fell 13.8 percent to 65.79 billion yen, with ordinary profit down 17.6 percent to 61.17 billion...

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Tokai Carbon Positions Carbon Black Business as Revenue Base in New Medium-Term Plan

Tokai Carbon Co. Ltd. (TYO:5301) has positioned its carbon black business as a major base of revenue within T-2021, a new medium-term management plan set to run from 2019 to 2021. Under this plan, Tokai Carbon’s carbon black business is projected to generate 124 billion yen for 2021, up from a 115.3 billion projection for 2019. Operating profit from the...

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Yokohama Rubber Sees Sales Increase But Profit Decline for 2018

Yokohama Rubber Co. Ltd. (TYO:5101) recently posted its business results for calendar 2018, showing a slight increase to overall sales but a drop in most profit metrics. Across the company’s various divisions, sales rose 0.6 percent year-on-year to reach 650.24 billion yen ($5.89 billion). Business profit was then up 1.7 percent to 59.26 billion yen, but operating profit was down...

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