Sumitomo Rubber Industries Ltd. (TYO:5110) recently announced that it has updated the corporate group’s Sustainable Natural Rubber Policy. The move comes as an effort to bring this policy in line with updated requirements for members of the Global Platform for Sustainable Natural Rubber (GPSNR), which were decided at the Second GPSNR General Assembly held last September. Having long touted its...
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Showa Denko KK (TYO:4004) announced on Aug. 20 that it intends to increase the selling price of its chloroprene rubber by 42 yen ($0.38) per kilogram, starting with shipments made on Sept. 10. Explaining the price hike, Showa Denko said that the business environment around its chloroprene rubber business has rapidly worsened of late. The company pointed here to tight...
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Shin-Etsu Chemical Co. Ltd. (TYO:4063) is set to raise prices both in Japan and abroad for all silicone products handled by the company’s silicone division. Most prices here will rise by between 10 and 20 percent, although some will increase by even more. The new prices will apply to products shipping from October onward. Shin-Etsu Chemical previously announced price revisions...
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Denka Co. Ltd. (TYO:4061) has revealed its business results for the first quarter of fiscal 2021, marking a recovery from the same period last year. The company ended the quarter with a sales revenue of 86.73 billion yen ($789.69 million), up 13.8 percent year-on-year; operating profit of 7.75 billion yen, up 76 percent; ordinary profit of 7.52 billion yen, up...
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Sumitomo Riko Co. Ltd. (TYO:5191) has posted its business results for the first quarter of fiscal 2021. The company’s sales revenue came to 109.79 billion yen ($1 billion), up 67.9 percent year-on-year; business profit came to 2.71 billion yen, up from an 8.04 billion yen loss; and net profit came to 1.73 billion yen, up from a 7.38 billion yen...
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Toyoda Gosei Co. Ltd. (TYO:7282) has posted its business results for April–June, revealing a significant improvement from the same quarter last year. The company’s sales revenue was up 82.6 percent year-on-year to 203.12 billion yen ($1.86 billion); operating profit, meanwhile, improved from a loss of 9.81 billion yen to a profit of 11.26 billion yen, with net profit similarly up...
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