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...
[lwa template="modal" register="0"]Subscribe
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...
[lwa template="modal" register="0"]Subscribe
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...
[lwa template="modal" register="0"]Subscribe
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...
[lwa template="modal" register="0"]Subscribe
Mitsuboshi Belting Ltd. (TYO:5192) recently posted its business results for the first half of fiscal 2019, revealing increased sales and decreased profits. The company’s sales rose 1.2 percent year-on-year to 37.2 billion yen ($340.04 million), with operating profit down 6.8 percent to 4.4 billion yen, ordinary profit down 17.6 percent to 4.33 billion yen and net profit down 13.2 percent...
[lwa template="modal" register="0"]Subscribe
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...
[lwa template="modal" register="0"]Subscribe
Signup today for free.
You will receive a weekly or daily roundup on what has been published and will be up to date on special offers.
Please make sure to select your preferred sending frequency!
Note: We save your entered data to send the newsletter. You can always easily unsubscribe. More information on data handling: Privacy Policy.
Close window
