According to statistics by the Japan Belting Manufacturers Association, the production volume of rubber belts for 2017 is expected to largely remain the same as 2016, at 26,339 tons. Both conveyor and transmission belt production is also expected to be about the same as 2016. This would mark the third year in a row that rubber belt production has been...
Demand is continuing to bounce back for high-pressure hoses used in construction equipment and machine tools, according to records compiled by the Japan Rubber Hose Manufacturers Association. Based on Ministry of Economy, Trade and Industry (METI) statistics, the records show that production volume for September was up 8.7 percent year-on-year, hitting 398 tons. Shipment value was also up, increasing 8.1...
Sagami Rubber Industries Co. Ltd. (TYO:5194) announced an upward revision in projections for the fiscal year ending March 2017. Sagami Rubber Industries has upwardly revised sales to 5.6 billion yen ($49.46 million), up 7.7 percent compared to the previous forecast of 5.2 billion yen. Operating income is now projected at 1.3 billion yen, 95.7 percent above the previously forecasted 0.8...
Mitsuboshi Belting Ltd. (TYO:5192) saw improved business performance over the second quarter of fiscal 2016. With operating profit rising 7 percent year-on-year to hit 4.5 billion yen ($40 million), it was Mitsuboshi Belting’s best second quarter to date. While there was impact felt with the appreciating yen, the company ensured an increase in profit on account of a decline in...
The size of the retail shoe market in Japan (excluding slippers and sandals) is expected to reach 420 million pairs, 1.9 trillion yen ($17.12 billion) in 2016, as overall selling prices of both imported shoes and shoes manufactured in Japan have increased due to rising manufacturing costs overseas and a weak yen having become the norm. Until now, the size...
Twenty-four listed rubber companies, including two synthetic rubber firms, have released earnings for the June–August quarter of fiscal 2016. Of the 24, only seven companies reported higher earnings, while 14 reported higher operating income. Eleven reported higher ordinary income, and five reported higher net income. Only three companies reported higher earnings for all three categories (operating income, ordinary income and...
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