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Sumitomo Riko Continues Collaborative Efforts for Health With Itoshima City, Kyushu University

A three-party agreement between Sumitomo Riko Co. Ltd. (TYO:5191), Itoshima City and Kyushu University has entered into its second term, which is set to span fiscal 2019–2021. Carried out at Itoshima City Hall, Itoshima, Fukuoka Prefecture, these joint efforts seek to build up a comprehensive regional care system while also making strides more broadly in the areas of health, medical...

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Toyo Tires Records 3.8% Drop in Sales for Q1 of 2019

Toyo Tire Corp. (TYO:5105) recently posted its results for the first quarter of calendar 2019, showing overall sales of 90.14 billion yen ($817.75 million) for the period. This marks a decrease of 3.8 percent from the same quarter last year. The company’s operating profit for the quarter was similarly down 4 percent year-on-year to 10.17 billion yen, with ordinary profit...

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Sagami Rubber Industries Records 5.9% Sales Increase for Fiscal 2018

Sagami Rubber Industries Co. Ltd. (TYO:5194) recently posted its business results for fiscal 2018. The company recorded sales of 6.26 billion yen ($56.62 million), up 5.9 percent year-on-year; operating profit of 1.12 billion yen, down 24.1 percent; ordinary profit of 916 million yen, down 48.3 percent; and net profit of 553 million yen, down 57.7 percent. By segment, Sagami Rubber...

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Toyoda Gosei Investing in Optical Design Experts Imuzak for Vehicle Module Development

Toyoda Gosei Co. Ltd. (TYO:7282) is looking to accelerate its development of vehicle interior and exterior modules for the coming age of automated driving, investing in Imuzak Inc., a firm with strengths in optical design and evaluation. The outlay of 50 million yen ($450,000) is the first to be implemented by the new Corporate Venture Capital Department, established up by...

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Mitsui Chemicals Mobility Segment Sees Double-Digit Sales Increase for Fiscal 2018

Mitsui Chemicals Inc. (TYO:4183) recently released its business results for fiscal 2018. The company’s overall sales for the period totaled 1.48 trillion yen ($13.47 billion), up 11.6 percent year-on-year. Operating profit was 93.43 billion yen, down 9.7 percent year-on-year; ordinary profit was 102.97 billion yen, down 6.6 percent; and net profit was 76.12 billion yen, up 6.3 percent. Mitsui Chemicals’...

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Continental’s EcoContact 6 Performance Tires Adopted as OE for Mercedes-Benz C-Class

Continental Tire Japan Co. Ltd. recently announced that its EcoContact 6 tires, a series of high-performance eco-friendly tires launched in March, have been adopted as OE for the new-model Mercedes-Benz C-Class. Specifically, the front tires for the new C-Class will be 225/45R18 95Y XL EcoContact 6 MO tires, with the rear tires to be 245/40R18 97Y XL EcoContact 6 MO...

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