Market Background

Zeon Sees First-Half Elastomer Sales Fall 8.3% Amid Weakening Demand

Zeon Corp. (TYO:4205) recently posted its business results for the first half of fiscal 2019, showing sales from the company’s elastomer business as falling 8.3 percent year-on-year to 91.92 billion yen ($842.35 million). Meanwhile, operating income from Zeon’s elastomer business fell 37.5 percent for the first half, declining 3.6 billion yen year-on-year to end at to 5.97 billion yen. Negative...

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Tokai Carbon Sees Strong Sales for January–September Following M&A Efforts

Tokai Carbon Co. Ltd. (TYO:5301) recently posted its business results for the first three quarters of calendar 2019, showing sales growth of 27.8 percent year-on-year to reach 198.62 billion yen ($1.76 billion). Operating profit fell 1.5 percent to 49.42 billion yen, while ordinary profit fell 3.9 percent to 48.99 billion yen and net profit fell 47.2 percent to 31.05 billion...

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Ube Industries Gets Strong First Half From Tire-Related Business Amid Otherwise Sideways Results

Ube Industries Ltd. (TYO:4208) recently released its business results for the first half of fiscal 2019, posting year-on-year decreases in sales and most profit metrics. The company achieved 335.06 billion yen ($3.08 billion) in sales for the half, down 3.8 percent from the same period last year; 16.76 billion yen in operating profit, up 11.4 percent year-on-year; 16.64 billion yen...

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Japan’s Rubber Product Shipment Value Rises 6.4% Year-on-Year for July

Japan’s shipments of rubber products this July came to a total value of roughly 211.04 billion yen ($1.97 billion), rising by 6.4 percent over the same month last year, according to figures put together by the Ministry of Economy, Trade and Industry (METI). Looking at individual product types, automotive tires up made 53 percent of the total here, and saw...

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Yokohama Rubber Sticks to Initial Forecast for 2019 Following Release of First-Half Results

Yokohama Rubber Co. Ltd. (TYO:5101) recently posted its business results for the first half of calendar 2019. Based on these results, the company has stated that it will abide by its initial forecast for the full year, which points to sales revenue of 660 billion yen ($6.2 billion), operating profit of 57.5 billion yen and a net profit of 46...

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Bridgestone COO Akihiro Eto Comments on Downward Revision to Full-Year Forecast

Bridgestone Corp. (TYO:5108) recently revealed that it has made a downward revision to its projected full-year results for calendar 2019. Compared to the company’s initial forecast for the year, this new forecast sees projected sales down by 70 billion yen ($656.74 million). Projected operating income, meanwhile, is down by 35 billion yen from the earlier forecast, projected ordinary income is...

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