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Shanghai Natural Rubber Futures Listed on Osaka Exchange: Yen-Based, Cash-Settled for Price Hedging

on June 2, 2025 in Industry

On May 26, natural rubber traded on the Shanghai Futures Exchange was listed on the Osaka Exchange, with a listing ceremony held in the atrium of the Osaka Securities Exchange building. Five global rubber futures exchanges exist: the Osaka Exchange (RSS3, TSR20), Shanghai Futures Exchange (RSS3, synthetic rubber), Shanghai International Energy Exchange (TSR20), Thailand Futures Exchange (RSS3, RSS3D), and Singapore...

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Bando Chemical Reports Strong Auto Parts Business: FY Results

on May 23, 2025 in Industry

Bando Chemical reported sales revenue of 115.59 billion yen ($797.70 million), up 6.8% year-on-year, core operating profit of 7.74 billion yen, up 2.1%, and net profit of 1.50 billion yen, down 75.8%, for the fiscal year ended March 31, 2025. Factors affecting core operating profit included profit increases from higher gross profit due to sales growth of 1.36 billion yen...

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Nitta Posts Record-High Sales, Profits: FY Results

on May 22, 2025 in Industry

Nitta performance for the fiscal year ended March 31, 2025, recorded sales of 90.28 billion yen ($622.29 million), up 1.9% year-on-year, operating profit of 5.16 billion yen, up 16.6%, ordinary profit of 14.60 billion yen, up 21.6%, and net profit of 12.13 billion yen, up 23.1%. Sales grew despite continued weakness in automotive and construction machinery sectors, driven by a...

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Sojitz to Make Nippon A&L Subsidiary

on May 21, 2025 in Industry

Sojitz, Mitsui Chemicals, and Sumitomo Chemical signed a share purchase agreement for Nippon A&L, a company engaged in the manufacture, sale, and R&D of SBR latex and ABS resin. Following necessary procedures, the current ownership structure of 15% by Mitsui Chemicals and 85% by Sumitomo Chemical will shift by July to 66.5% by Sojitz and 33.5% by Sumitomo Chemical, making...

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Dow Chemical Japan Holds Briefing on Sustainable Business Strategy

on May 20, 2025 in Industry

On May 15, Dow Chemical Japan outlined its sustainable business strategy, focusing on initiatives in the mobility sector. The company aims to reduce CO2 emissions by 30% by 2030 compared to 2005 levels and achieve annual production of 3 million tons of “circular and renewable products” by converting potential waste materials into renewable raw materials. Since 2005, Dow has reduced...

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Denka Temporarily Suspends U.S. Chloroprene Rubber Plant

on May 19, 2025 in Industry

Denka announced that its U.S. subsidiary, Denka Performance Elastomer (DPE), will not resume operations at its chloroprene rubber (CR) manufacturing facility, currently shut down for scheduled maintenance, and will instead place it on indefinite suspension. The company faced significant profit deterioration due to DPE’s struggling CR business, recording a special loss of approximately 16.1 billion yen ($107.33 million) for fixed...

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