Market Background

Showa Denko Sees Decline in Chloroprene Rubber Sales for First Quarter

Showa Denko KK (TYO:4004) recently released its business results for the first quarter of calendar 2020, revealing a decline in both sales and profit metrics. The company posted sales of 171.73 billion yen ($1.6 billion), down 26.8 percent from the same period last year; operating income of just under 2.47 billion yen, down by 94.6 percent; and ordinary income of...

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Shin-Etsu Polymer Posts Sales Drop for FY2019 Despite Silicone Rubber Molding Products Finding Solid Foothold

Shin-Etsu Polymer Co. Ltd. (TYO:7970) has revealed decreased sales and a mixed bag of profit metrics in its business results for fiscal 2019. The chemical manufacturer posted sales revenue of 80.25 billion yen ($746.98 million), down by 6.1 percent year-on-year; operating profit of 7.76 billion yen, down by 4.9 percent; ordinary profit of slightly less than 8.1 billion yen, up...

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Sumitomo Rubber Calculates 18.2B Yen Impairment Loss for 2019, Lowers Profit Projections

Sumitomo Rubber Industries Ltd. (TYO:5110) has made a revision to its earnings forecast for calendar 2019, driven in large part by the company factoring in expenses of 18.2 billion yen ($165.74 million) in impairment losses. These impairment losses relate both to fixed assets as well as to goodwill, which represents the discrepancy between fair market value and purchase price in...

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Japan’s Rubber Belt Production Falls 7% in 2019 Despite Strong Domestic Demand for Conveyor Belts

Japan’s production of rubber belts has fallen 7 percent year-on-year to end at 24,575 tons for 2019, according to figures from the Japan Belting Manufacturers Association. Making up a large proportion of overall rubber belt production, that for conveyor belts fell 8 percent year-on-year to 13,633 tons. While domestic demand for such belts was strong enough to outshine 2018 figures...

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Shin-Etsu Polymer Faces Sluggish Sales for Molded Silicone Rubber Products in Q3

Shin-Etsu Polymer Co. Ltd. (TYO:7970) has taken a hit to its sales and profit performance over the first three quarters of fiscal 2019. Business results recently released by the company show that its sales fell 6.9 percent year-on-year for the period, totaling 60.72 billion yen ($556.72 million) for the first three quarters. Operating profit was down 9.2 percent to 5.84...

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Japan’s Rubber Hose Production Expected to Fall for Second Consecutive Year in 2020

The Japan Rubber Hose Manufacturers Association has published a forecast pointing to a decline in Japan’s rubber hose market over 2019–2020. Released on Nov. 26, the forecast estimates that while Japan’s high-pressure hose production is set to rise for 2020, the market for automotive hoses looks likely to fall, causing the country’s overall production of rubber hoses to drop for...

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