Market Background

Seals, Electronic Components Drive Higher Income and Profit for NOK in First Half

NOK Corp. (TYO:7240) has released its results for the second quarter of fiscal 2017. The major oil seals manufacturer posted net sales of 357.04 billion yen ($3.14 billion), up 6.7 percent year-on-year; operating income of 20.1 billion yen, up 77 percent; ordinary income of 26.6 billion yen, up 175.7 percent; and quarterly net profit of 16.25 billion yen, up 246.1...

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Nishikawa Rubber Sees Strong First Half on Back of Automotive Turnaround

Nishikawa Rubber Co. Ltd. (TYO:5161) recently released its business results for the first half of the fiscal year ending March 2018. The company, which manufactures weatherstrips and other auto parts, posted sales of 44.29 billion yen ($390.32 million), up 4.7 percent year-on-year; an operating profit of 3.75 billion yen, down 3.5 percent and an ordinary profit of 4.54 billion yen,...

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Nitta’s Belt, Hose Businesses Drive Record Results for First Half

Nitta Corp. (TYO:5186) has posted record-high sales and profits for the first half (April–September) of the fiscal year ending March 2018. This reflects strong domestic and overseas business results for the company’s mainstay belt and hose business operations, as well as for its air conditioning and device-related products. Total sales for the half were 36.48 billion yen ($319.79 million), up...

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Dunlop Sports’ Strong Global Sales Push up Revenue and Profit

Sumitomo Rubber Industries Ltd.’s (TYO:5110) group company Dunlop Sports Co. Ltd. (TYO:7825) has released consolidated financial results showing an increase in both revenue and profit for the combined first three quarters (January–September) of the fiscal year ending December 2017. For this period, the company reported 55.76 billion yen ($488.91 million) in sales, up 1.8 percent from the same period a...

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Nitta’s Revenue and Profit Jump in First Half on Strong Semiconductor Products Demand

Nitta Corp. (TYO:5186) has reported a surge in revenue and profit for the first half of the fiscal year ending March 31, 2018. Sales rose to 36.48 billion yen ($319.79 million), up 14 percent from the same period last year, and net profit jumped 25.5 percent to 4.88 billion yen. Meanwhile, operating profit was up 15.2 percent at 2.87 billion...

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JSR Medium-Term Earnings Report: Major Gains in Revenue, Profit, S-SBR Sales Volume

JSR Corp. (TYO:4185) posted sales of 203.54 billion yen ($1.78 billion) in sales for the April–September first fiscal half, up 11.7 percent from the year-earlier period, and operating profit of 23.37 billion yen, up 56.3 percent on the year. Net profit was reported up 53.6 percent on the year to 17.97 billion yen. The report, conforming to International Financial Reporting...

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