Materials

Asahi Kasei Records Major YoY Increases in First-Half Performance on Back of Material Segment

Asahi Kasei Corp. (TYO:3407) has posted its business results for the first half of fiscal 2021, revealing a 19.4 percent year-on-year increase in sales – reaching 1.18 trillion yen ($10.27 billion) – and a 47.4 percent increase in operating income, 113.14 billion yen. Ordinary income too was up, marking a 53.9 percent increase to 119.23 billion yen; as was net...

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NOK Seeks Agreement Regarding Price Hike for Seal Products

NOK Corp. (TYO:7240) is advancing negotiations with its customers to seek agreement on a price hike for its seal products. This would include the company’s oil seals, O-rings, gaskets and more. A leading Japanese manufacturer of seal products, NOK announced back on Sept. 6 that it would be increasing prices on its seal products by up to 20 percent starting...

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Mitsui Chemicals to Hike Prices of All Mitsui EPT Products Starting December

Mitsui Chemicals Inc. (TYO:4183) is set to increase its prices for Mitsui EPT, the company’s brand of ethylene propylene diene monomer (EPDM). The change will apply to all Mitsui EPT products supplied from Dec. 1 onward, with prices rising by at least 40 yen ($0.35) per kilogram. Explaining the decision, Mitsui Chemicals started by noting that market conditions for EPDM...

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Tokai Carbon Sees January–September Sales Revenue Rise 28% Year-on-Year

Carbon black manufacturer Tokai Carbon Co. Ltd. (TYO:5301) has posted its business results for the first three quarters of fiscal 2021, revealing 185.1 billion yen ($1.63 billion) in sales revenue, up 28 percent year-on-year, and 17.67 billion yen in operating income, up 137.9 percent. Looking at individual segments, the company’s carbon black business generated 72.26 billion yen in sales revenue,...

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Zeon’s Elastomer Business Posts Year-on-Year Surge in Operating Income

Zeon Corp. (TYO:4205) has posted its financial results for the first half of fiscal 2021, revealing a sizable recovery from the same period last year. Results here included 179.08 billion yen ($1.57 billion) in sales revenue, up 30.3 percent year-on-year; 24.95 billion yen in operating income, up 151.7 percent; 26.58 billion yen in ordinary income, up 143 percent; and 18.39...

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Shin-Etsu Chemical to Raise PVC Prices From November 21

Shin-Etsu Chemical Co. Ltd. (TYO:4063) announced on Oct. 26 that it intends to revise its domestic selling price for polyvinyl chloride (PVC). Prices here are slated to rise by at least 40 yen ($0.35) per kilogram beginning with product supplied on Nov. 21. Explaining its decision here, Shin-Etsu Chemical noted that while it has already implemented two price hikes for...

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