The efforts of business activities to date are beginning to come to fruition for Toyoda Gosei Co. Ltd. (TYO:7282), Toyota…...
Industry
Kawaguchi Chemical Reports 5% Drop in Rubber Chemical Sales
Kawaguchi Chemical (TYO:4361) recently announced financial results for fiscal 2015 (Dec. 1, 2014–Nov. 30, 2015). Net sales were down 2 percent year-on-year to 6.6 billion yen ($57.57 million) on slower rubber chemicals sales. The company is targeting net sales of 7.0 billion yen in 2016. Kawaguchi Chemical provides organic rubber chemicals for tires and various rubber products.
Ube Reports Strong BR Shipments in Q3
Ube Industries (TYO:4208) announced results for the first nine months of the fiscal year ending March 2016, showing sales of 482 billion yen ($4.28 billion), increasing 2 percent. Profit on operations was 31.3 billion yen, an increase of 118 percent. Ordinary income was 30.1 billion yen, up 117 percent. Net profit grew substantially by 275 percent to 19.2 billion yen.
Auto Production Declines 5% in 2015, First Decline in 2 Years
According to automobile production numbers for 2015 compiled by the Japan Automobile Manufacturers Association (JAMA), total production for four-wheel vehicles was 9.28 million units, a 5-percent year-on-year decline that marked the first drop in two years. 5.05 million vehicles were produced to serve domestic demand, down 9 percent and marking the first fall in four years.
Construction Machinery Shipments Down 5% in 2015
The value of construction machinery shipments during calendar 2015 totaled 2.3129 trillion yen ($19.27 billion), down 5 percent from the previous year as the annual figure turned negative after an increase in 2014, according to a report compiled by the Japan Construction Equipment Manufacturers Association (CEMA; 69 member companies).
Sumitomo Riko Reports 3Q Results, Strong Profit Growth From Automotive Products
Sumitomo Riko’s (TYO:5191) results for the first nine months of the fiscal year ending March 2016 show sales of 316.4 billion yen ($2.7 billion), up 8 percent. Operating profit increased 75 percent to 8.7 billion yen, while net profit was 1 billion yen against a loss of 323 million yen in the same period of the previous year.
