Tokai Carbon Co. Ltd. (TYO:5301) has unveiled T-2024, a rolling medium-term management plan for 2022–2024. Under this new plan, the major carbon black manufacturer has set a 2030 long-term vision in which it looks to “contribute to a sustainable society through advanced materials and solutions.” As for financial targets for 2024, the company aims through the plan to reach 356...
Tokai Carbon Co. Ltd. (TYO:5301) has posted its full-year business results for 2021, revealing a significant improvement from the previous year. Company-wide sales reached 258.87 billion yen ($2.24 billion), up 28.4 percent year-on-year; operating income was 24.65 billion yen, up 213.6 percent; ordinary income was 24.77 billion yen, up 295.5 percent; and net income was 16.11 billion yen, up from...
Sumitomo Riko Co. Ltd. (TYO:5191) has posted its financial results for the first three quarters of fiscal 2021, revealing sales of 321.5 billion yen ($2.79 million), up by 13.3 percent year-on-year; 1.12 billion yen of business profit, up by 66.4 percent; and a net loss of 4.64 billion yen, improved from a loss of 7.26 billion yen in the same...
Shin-Etsu Polymer Co. Ltd. (TYO:7970) has released its business results for the third quarter of fiscal 2021, revealing sales of 68.89 billion yen ($600.44 million), up 23.5 percent year-on-year; an operating profit of 7.46 billion yen, up 59.9 percent; an ordinary profit of 7.71 billion yen, up 61.1 percent; and a net profit of 5.65 billion yen, up 62.4 percent....
Ube Industries Ltd. (TYO:4208) has decided to build a new plant to manufacture Upilex polyimide film at its Ube Chemical Factory in Yamaguchi Prefecture. This comes as the film faces growing demand for use in the circuit boards of OLED smartphone displays and LCD TVs. Scheduled to begin trial operation in October 2024, the new facility will be equipped with...
Sumitomo Riko Co. Ltd. (TYO:5191) recently announced that it has started to introduce carbon-neutral city gas supplied by Toho Gas Co. Ltd. (TYO:9533) to its facilities earlier this month. This comes as Sumitomo Riko’s first such initiative, with the company aiming to help bring about a sustainable society through the adoption of cleaner energy. The city gas introduced here sees...
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