Belt, hose and tube manufacturer Nitta Corp. (TYO:5186) expects to post 64.5 billion yen ($586.6 million) in sales for the business year through March of next year. The forecast exceeds the current record high of 64.2 billion yen in sales for the year from April 2007 through March 2008. Profits, however, are forecast to decline. In addition to the effects...
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NOK Corp. (TYO:7240), a major manufacturer of sealing materials and other automotive parts, posted sales of around 746.1 billion yen ($6.76 billion) for the year ending March 31, 2016. This represented a year-on-year increase of 8 percent, which marks the company’s best annual performance ever. Net sales from NOK’s principal business, seals, were down somewhat at approximately 296.2 billion yen;...
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Nishikawa Rubber Co. Ltd. (TYO:5161), a Hiroshima-based major supplier of automobile components, has reported net sales rose 2 percent year on year to about 89.9 billion yen ($816 million) for the fiscal year ending March 2016. Additionally, operating income surged 45.1 percent to about 6.6 billion yen, ordinary income climbed 51.7 percent to about 6.6 billion yen, and net income...
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According to the Japan Construction Equipment Manufacturers Association, March construction equipment shipments amounted to 244.7 billion yen ($2.24 billion). This was down 9 percent from March of the previous year and represented an eighth consecutive month of decline. Domestic demand amounted to 118.2 billion yen, up 2 percent year on year, while overseas demand fell 18 percent year on year...
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During the Edo Period (1603-1867), shippers and wholesalers dealing in local specialties from various countries concentrated in the Horidomecho area of Tokyo’s Nihombashi district. Also home to Suginomori Shrine and its famed raffles, Horidomecho today looks set to develop a reputation for commodity futures trading as well. The Tokyo Commodity Exchange, where dealers trade in everything from Middle Eastern oil...
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Japan’s largest condom manufacturer, Okamoto Industries Inc. (TYO:5122), enjoyed strong sales and profit growth for the financial year ending March 2016. Condom sales increased significantly due to the launching of new lines, overseas market expansion and active demand from overseas visitors to Japan. The company’s gross sales were 88.38 billion yen ($810.26 million) for a 9.3 percent increase over the...
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