Market Background

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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Rubber Hose Production up 5.4% for First Half on Back of Strong Demand for High-Pressure Hoses

Rubber hose operations in Japan have achieved growth in both production volume and revenues for the first half of calendar 2018, according to new results compiled by the Japan Rubber Hose Manufacturers Association. In terms of the volume of new rubber, production was up 5.4 percent year-on-year to end at 19,111 tons for the half, while shipment value rose 2.8...

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Revenue From Construction Equipment Shipments Projected to Rise 1% for 2019

Japan’s construction equipment industry is expected to achieve healthy performance for fiscal 2018–2019, according to a demand forecast recently compiled by the Japan Construction Equipment Manufacturers Association (CEMA). This continues a trend from both fiscal 2017 and early fiscal 2018 wherein sluggish domestic demand has been offset by stronger demand overseas, leading to higher revenues on the whole. Alongside this...

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First-Half Rubber Belt Production Down 2% Year-on-Year

Japan’s total production of rubber belts for January–June declined 2 percent year-on-year to 13,169 tons, according to a set of rubber and resin belt statistics recently released by the Japan Belting Manufacturers Association. Factors behind this included a fall in domestic demand for conveyor belts and flat demand, both domestically and in exports, for transmission belts. Looking specifically at rubber...

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