Toyoda Gosei’s financial performance for the fiscal year ending March 2025 (April 2024-March 2025) under International Financial Reporting Standards recorded revenue of 1,059.80 billion yen ($7.25 billion), down 1.1% from the previous year, operating profit of 59.84 billion yen, down 11.6%, and net profit of 36.33 billion yen, down 29.4%. Factors affecting operating profit included profit increases from cost improvements...
Materials
Shin-Etsu Polymer Reports Net Sales Up 6%: Full Year Results
Silicone products manufacturer Shin-Etsu Polymer reported for the fiscal year ending March 2025 revenue of 110.58 billion yen ($737.21 million), up 5.9% year-on-year; operating profit of 13.27 billion yen, up 20.1%; ordinary profit of 13.22 billion yen, up 14.6%; and net profit of 9.43 billion yen, up 8.7%. By segment, the precision molded products business recorded revenue of 56.02 billion...
Lanxess Holds Press Conference on Activities for 2025
The Japanese subsidiary of German specialty chemicals manufacturer Lanxess recently announced its 2024 business results and outlook for 2025. For fiscal 2024 results, profitability improved significantly due to higher factory utilization rates and cost reduction measures. Global net sales were down 5.0% year-on-year at 6.37 billion euro ($7.26 billion) due to lower selling prices on lower raw material and energy...
Sumitomo Riko Breaks Ground for New Office Building at Matsusaka Plant
Sumitomo Riko held a groundbreaking ceremony for a new office building at its Matsusaka Plant in Matsusaka City, Mie Prefecture. The new office building marks an investment of 1.1 billion yen ($7.64 million), covering an area of 931 square meters with a total floor space of 2,341 square meters. Construction is scheduled to be completed in February 2026, and operations...
Kuraray Obtains ISCC PLUS Certification in America and Europe
Kuraray has obtained ISCC PLUS certification, an international certification system for sustainable products, for six vinyl acetate-related products at four group companies and four production facilities in the U.S. and Europe by October 2024. The company has established a certified supply chain between Europe and the United States, starting with vinyl acetate (VAM) produced at the La Porte Plant in...
Sumitomo Rubber Launches Sustainable Hydrogen Production
Sumitomo Rubber in April began full-scale operation of the Yamanashi Model P2G System, a hydrogen production system derived from renewable energy, at its Shirakawa Plant in Fukushima Prefecture, a major tire manufacturing base. With this, the company has established a two-fold system that enables the production of hydrogen within the plant in addition to the conventional use of hydrogen. This...