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Osaka Soda Sees Revenue Decline Despite Sales Spike for Epichlorohydrin Rubber

Chemicals manufacturer Osaka Soda Co. Ltd. (TYO:4046) has released its business results for the fiscal year ending in March 2017. The company saw sales of 93.59 billion yen ($840.94 million), a year-on-year decrease of 8.4 percent; operating profit of 6.59 billion yen, an increase of 2.2 percent; ordinary income of 6.54 billion yen, an increase of 1.5 percent; and net...

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Nitta Implements Capital Investment Plan With Direct Tie-in to Sales

Nitta Corp. (TYO:5186) is moving forward with a capital investment plan totaling at 4.5 billion yen ($40.38 million) for fiscal 2017, directly linking the investment to company sales. Included in this amount, says President Motonobu Nitta, are remaining funds from fiscal 2016’s budget, as only 3 billion of the allotted 4.8 billion for the year was used. Investment will mainly...

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Toyoda Gosei Enters Into Exclusive e-Rubber Licensing Agreement

Toyoda Gosei Co. Ltd. (TYO:7282) and Advanced Softmaterials Inc. have concluded an exclusive licensing agreement for the use and sales of Slide-Ring Material, a key material for e-Rubber. The agreement is limited to applications of the material in dielectric actuators and dielectric sensors. Advanced Softmaterials, which was established in 2005 with the aim of commercializing the Slide-Ring Material developed at...

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Bridgestone Completes Acquisition of Tire Retailer Group Ayme

Bridgestone Corp. (TYO:5108) has through its European subsidiary Bridgestone EMEA completed the acquisition of French tire retailer Groupe Ayme. The French competition authorities gave clearance and authorised the transaction without any restrictions. As a result, the Bridgestone retail network of First Stop, Speedy and Côté Route now has more than 900 points of sale. This acquisition supports the company’s retail...

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Sumitomo Rubber Develops New Tire Sensing Technology

Sumitomo Rubber Industries Ltd. (TYO:5110) has developed a new tire sensing technology able to detect road conditions and tire load. Sensing Core, as the company calls the technology, analyzes the wheel speed signals that are generated by the rotation of the tires. Sumitomo Rubber has already made extensive progress on its Deflation Warning System (DWS) technology, which analyzes wheel speed signals from the...

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Yokohama Rubber Donates Tires to Japan Car Sharing Association

As part of its support for victims of the Great East Japan Earthquake and the Kumamoto Earthquake, Yokohama Rubber Co. Ltd. (TYO:5101) has donated a total of 84 passenger vehicle tires to the Japan Car Sharing Association, 72 to Ishinomaki and 12 to Kumamoto. The association provides vehicles to earthquake victims and associated support groups. Yokohama Rubber has endorsed the...

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