Market Background

NOK’s Sealing Business With Lower Sales and Profits on Automobile Production Cutbacks

NOK’s results for the first quarter of the fiscal year ending March 31, 2023 (April-June 2022) showed sales of 161.031 billion yen ($1.193 billion), up 2.7 percent year-on-year; operating loss of 1.394 billion yen (versus 6.882 billion yen profit in the same period last year); ordinary income of 4.941 billion yen, down 54.6 percent; and net income of 2.053 billion...

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Tosoh Maintains Steady Chloroprene Rubber Results Year-on-Year

Chemical company Tosoh has posted its results for the first quarter of fiscal 2022, revealing sales revenue of 252.33 billion yen ($1.87 billion), up 25.4 percent year-on-year; operating income of 30.31 billion yen, up 0.5 percent; ordinary income of 43.62 billion yen, up 35.9 percent; and net income of 28.44 billion yen, up 31 percent. Each of these figures represents...

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Survey: Current Economic Conditions of Japanese Rubber Makers – Part 2

This article follows part 1 in a series of 2 on a Japan Rubber Industry survey conducted in July of the rubber and plastic product manufacturing industry regarding business conditions and outlook conducted. In the “Fiscal 2022 Earnings Forecast (Plan),” sales continue to recover, but the outlook for ordinary income is divided. The largest share of companies expect “single-digit increase”...

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Survey: Current Economic Conditions of Japanese Rubber Makers – Part 1

In July, Japan Rubber Industry conducted a survey of the rubber and plastic product manufacturing industry regarding business conditions and outlook. According to the survey results, fiscal 2021 performance has recovered significantly from the previous year’s impact of the coronavirus pandemic, but many companies have not yet reached pre-pandemic levels. Business confidence is also stalling at the moment, and the...

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Dow Japan’s New President Patrick McLeod Takes Office, Meets Press

Patrick McLeod has taken office on July 1 as Dow Chemical Japan’s new president as well as Chairman and CEO of Dow Toray, the company’s joint venture with Toray. At a recent press conference with former president Eriko Sakurai, MacLeod said that he is honored to be appointed to this position on the 125th anniversary of Dow Chemical in the...

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Tosoh to Hike Prices of All MDI Products

Tosoh will raise the price of all diphenylmethane diisocyanate (MDI) products, a raw material for polyurethane, by more than 50 yen ($0.36) per kilogram beginning with shipments on August 1. The company said that prices of key raw materials for MDI products continue to rise, as well as utility and logistics costs. Under these circumstances, it has come to the...

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