Chemical company Tosoh has posted its results for the first quarter of fiscal 2022, revealing sales revenue of 252.33 billion yen ($1.87 billion), up 25.4 percent year-on-year; operating income of 30.31 billion yen, up 0.5 percent; ordinary income of 43.62 billion yen, up 35.9 percent; and net income of 28.44 billion yen, up 31 percent. Each of these figures represents...
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This article follows part 1 in a series of 2 on a Japan Rubber Industry survey conducted in July of the rubber and plastic product manufacturing industry regarding business conditions and outlook conducted. In the “Fiscal 2022 Earnings Forecast (Plan),” sales continue to recover, but the outlook for ordinary income is divided. The largest share of companies expect “single-digit increase”...
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In July, Japan Rubber Industry conducted a survey of the rubber and plastic product manufacturing industry regarding business conditions and outlook. According to the survey results, fiscal 2021 performance has recovered significantly from the previous year’s impact of the coronavirus pandemic, but many companies have not yet reached pre-pandemic levels. Business confidence is also stalling at the moment, and the...
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Patrick McLeod has taken office on July 1 as Dow Chemical Japan’s new president as well as Chairman and CEO of Dow Toray, the company’s joint venture with Toray. At a recent press conference with former president Eriko Sakurai, MacLeod said that he is honored to be appointed to this position on the 125th anniversary of Dow Chemical in the...
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Tosoh will raise the price of all diphenylmethane diisocyanate (MDI) products, a raw material for polyurethane, by more than 50 yen ($0.36) per kilogram beginning with shipments on August 1. The company said that prices of key raw materials for MDI products continue to rise, as well as utility and logistics costs. Under these circumstances, it has come to the...
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The blanket division of Japan’s largest rubber roll manufacturer Kinyosha performed well in overseas markets in fiscal 2021 ending March 2022. And although demand in Japan for newspaper printing remained flat, that for offset – sheet-fed and commercial web offset – recovered. The company raised prices of all its products in the second half of the fiscal 2021, as cost...
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