Materials

Showa Denko Sees Decline in Chloroprene Rubber Sales for First Quarter

Showa Denko KK (TYO:4004) recently released its business results for the first quarter of calendar 2020, revealing a decline in both sales and profit metrics. The company posted sales of 171.73 billion yen ($1.6 billion), down 26.8 percent from the same period last year; operating income of just under 2.47 billion yen, down by 94.6 percent; and ordinary income of...

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Kuraray Holds Online Trade Show for Automotive Industry

Kuraray Co. Ltd. (TYO:3405) is holding an online trade show focused on the automobile industry over May 20 – June 30. Through on-demand video and other such means, the chemicals company is showing how the Kuraray Group’s materials can provide various next-gen solutions for the automotive industry with a focus on the environment, safety and comfort One of the products...

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Denka Begins Producing Raw Materials for Avigan as Effort Against Novel Coronavirus

Denka Co. Ltd. (TYO:4061) recently began production of diethyl malonate for use in Avigan, a potential COVID-19 treatment known also by the generic name of favipiravir. This production began on May 16 at the chemical company and chloroprene rubber producer’s Omi Plant in Itoigawa, Niigata Prefecture. Denka sees itself as having a social responsibility to help out with measures against...

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Shin-Etsu Polymer Posts Sales Drop for FY2019 Despite Silicone Rubber Molding Products Finding Solid Foothold

Shin-Etsu Polymer Co. Ltd. (TYO:7970) has revealed decreased sales and a mixed bag of profit metrics in its business results for fiscal 2019. The chemical manufacturer posted sales revenue of 80.25 billion yen ($746.98 million), down by 6.1 percent year-on-year; operating profit of 7.76 billion yen, down by 4.9 percent; ordinary profit of slightly less than 8.1 billion yen, up...

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Mitsui Chemicals Sees Sales Revenue Drop for FY2019

Mitsui Chemicals Inc. (TYO:4183) recently posted its business results for fiscal 2020 to reveal sales of just under 1.34 trillion yen ($12.52 billion), down 9.7 percent year-on-year. The company’s overall operating income totaled a little below 71.64 billion yen, down by 23.3 percent, with ordinary income down 36.4 percent to slightly under 65.52 billion yen and net income down 50.1...

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Toyoda Gosei Sees Operating Profit Halve for FY2019 Due to Coronavirus

Toyoda Gosei Co. Ltd. (TYO:7282) recently posted its business results for fiscal 2019, revealing year-on-year decreases in a number of performance metrics. This included sales revenue of 812.94 billion yen ($7.6 billion), down 3.3 percent year-on-year; operating profit of 17.89 billion yen, down 51 percent; and net profit of 11.23 billion yen, down 51.8 percent. In Japan specifically, Toyoda Gosei’s...

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