Coronavirus

Denka Research for Infection Testing Selected for Subsidies Under AMED Project

Denka Co. Ltd. (TYO:4061) announced on June 10 that it has been offered subsidies for an in-house R&D effort focused on infection testing. The company has been working here to develop and test new multiplexed diagnostics technology that targets COVID-19 alongside a range of other infections. The subsidy offer came in on May 28 from the Japan Agency for Medical...

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Asahi Rubber Helps Prevent COVID-19 Infections by Providing Free Face Shields to Medical Institutions

Asahi Rubber Inc. (TYO:5162) is producing and donating face shields to help prevent droplet infection at medical facilities dealing with the novel coronavirus. As a recent effort here, the manufacturer of industrial rubber products sent through a free shipment to the Fukushima Association for Clinical Engineering Technologies (FACET). These face shields are used to cover the heads of patients on...

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Denka Begins Producing Raw Materials for Avigan as Effort Against Novel Coronavirus

Denka Co. Ltd. (TYO:4061) recently began production of diethyl malonate for use in Avigan, a potential COVID-19 treatment known also by the generic name of favipiravir. This production began on May 16 at the chemical company and chloroprene rubber producer’s Omi Plant in Itoigawa, Niigata Prefecture. Denka sees itself as having a social responsibility to help out with measures against...

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Mitsui Chemicals Sees Sales Revenue Drop for FY2019

Mitsui Chemicals Inc. (TYO:4183) recently posted its business results for fiscal 2020 to reveal sales of just under 1.34 trillion yen ($12.52 billion), down 9.7 percent year-on-year. The company’s overall operating income totaled a little below 71.64 billion yen, down by 23.3 percent, with ordinary income down 36.4 percent to slightly under 65.52 billion yen and net income down 50.1...

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Toyoda Gosei Sees Operating Profit Halve for FY2019 Due to Coronavirus

Toyoda Gosei Co. Ltd. (TYO:7282) recently posted its business results for fiscal 2019, revealing year-on-year decreases in a number of performance metrics. This included sales revenue of 812.94 billion yen ($7.6 billion), down 3.3 percent year-on-year; operating profit of 17.89 billion yen, down 51 percent; and net profit of 11.23 billion yen, down 51.8 percent. In Japan specifically, Toyoda Gosei’s...

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JSR Sees Sales Revenue Decline 4.7% for FY2019

JSR Corp. (TYO:4185) recently posted its business results for fiscal 2019, revealing sales revenue of 471.97 billion yen ($4.4 billion) – down 4.7 percent year-on-year. The company’s operating profit for the year came to 32.88 billion yen, down 27.3 percent, while its net profit totaled 22.64 billion yen, down 27.4 percent. In the Elastomers segment specifically, JSR generated 178.79 billion...

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