Denka’s chloroprene rubber (CR) business experienced weak sales in the previous fiscal year (April 2023-March 2024). “The poor sales trend of the first half continued into the second half of the fiscal year,” the company said. Initially, it had expected a recovery in the second half of the year, but there was no boost in terms of volume, and both...
Tosoh’s CR sales volume declined only a few percent in the previous fiscal year ending March 2024, with sales benefiting from the weaker yen. Japanese domestic demand began to recover in the second half of the year, but was impacted by production stoppages at some automakers. Overseas, on the other hand, sales were affected by inventory adjustments by users in...
In the previous fiscal year ending March 2024, Osaka Soda’s acrylic rubber (ACM) sales volume increased due to new adoption in automotive parts applications, mainly in China, Southeast Asia, and India, as well as demand for ACM as a substitute for other materials. “We believe that there is still room for ACM to replace other materials for companies that have...
Asahi Kasei’s synthetic rubber business for the fiscal year ending this March achieved its full-year operating income forecast, despite difficult conditions in the first half amid economic risks in China. This came as sales remained strong in the second half, especially for SSBR for tires, and the weaker yen also helped boost results. On the other hand, sales of BR,...
Zeon’s elastomer materials business division posted sales of 215.29 billion yen ($1.36 billion), down 3.1% year-on-year, and operating profit of 6.64 billion yen, down 34.8%, in the fiscal year ending March 31, 2024. Synthetic rubber sales and profits were up, and, in addition to a generally normal recovery in Japanese domestic demand from the second half of the year, the...
Tokyo Zairyo’s business results for the fiscal year ended March 31, 2024, showed sales of 51.85 billion yen ($322.24 million), down 4.1% from the previous year; ordinary income of 2.49 billion yen, down 3.2%; and net income of 1.80 billion yen, down 5.4%. In an environment of global recession concerns, geopolitical risks, and a shift to electrification in the automotive...
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