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NOK’s Sealing Business With Lower Sales and Profits on Automobile Production Cutbacks

NOK’s results for the first quarter of the fiscal year ending March 31, 2023 (April-June 2022) showed sales of 161.031 billion yen ($1.193 billion), up 2.7 percent year-on-year; operating loss of 1.394 billion yen (versus 6.882 billion yen profit in the same period last year); ordinary income of 4.941 billion yen, down 54.6 percent; and net income of 2.053 billion...

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Tosoh Maintains Steady Chloroprene Rubber Results Year-on-Year

Chemical company Tosoh has posted its results for the first quarter of fiscal 2022, revealing sales revenue of 252.33 billion yen ($1.87 billion), up 25.4 percent year-on-year; operating income of 30.31 billion yen, up 0.5 percent; ordinary income of 43.62 billion yen, up 35.9 percent; and net income of 28.44 billion yen, up 31 percent. Each of these figures represents...

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Bridgestone to Increase Hydraulic Hose Production Capacity in Thailand

Bridgestone will increase production capacity at Bridgestone NCR (BSNCR) in Thailand, a global supply base for hydraulic hoses. The total investment will be around 4.9 billion yen ($36.3 million). Capacity will be gradually built up starting in the second quarter of 2025, with global production capacity to be increased by approximately 30 percent from the current level by the first...

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Asahi Carbon Raises Price of Carbon Black Effective August 1

Asahi Carbon said that it has raised the price of all carbon black products for rubber by 46.3 yen ($0.34) per kilogram for deliveries from August 1. The company said that oil market conditions continue to be tight and that the price of the carbon black feedstock oil continues to rise due to deteriorating global conditions and the weakening of...

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Survey: Current Economic Conditions of Japanese Rubber Makers – Part 2

This article follows part 1 in a series of 2 on a Japan Rubber Industry survey conducted in July of the rubber and plastic product manufacturing industry regarding business conditions and outlook conducted. In the “Fiscal 2022 Earnings Forecast (Plan),” sales continue to recover, but the outlook for ordinary income is divided. The largest share of companies expect “single-digit increase”...

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Survey: Current Economic Conditions of Japanese Rubber Makers – Part 1

In July, Japan Rubber Industry conducted a survey of the rubber and plastic product manufacturing industry regarding business conditions and outlook. According to the survey results, fiscal 2021 performance has recovered significantly from the previous year’s impact of the coronavirus pandemic, but many companies have not yet reached pre-pandemic levels. Business confidence is also stalling at the moment, and the...

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