Kawaguchi Chemical (TYO:4361) recently announced financial results for fiscal 2015 (Dec. 1, 2014–Nov. 30, 2015). Net sales were down 2 percent year-on-year to 6.6 billion yen ($57.57 million) on slower rubber chemicals sales. The company is targeting net sales of 7.0 billion yen in 2016. Kawaguchi Chemical provides organic rubber chemicals for tires and various rubber products.
Ube Industries (TYO:4208) announced results for the first nine months of the fiscal year ending March 2016, showing sales of 482 billion yen ($4.28 billion), increasing 2 percent. Profit on operations was 31.3 billion yen, an increase of 118 percent. Ordinary income was 30.1 billion yen, up 117 percent. Net profit grew substantially by 275 percent to 19.2 billion yen.
JSR Corp. (TYO:4185) announced its financial results for the first three quarters of the fiscal year ending March 2016 (April–December 2015). Net sales were down 4 percent to 294.5 billion yen ($2.52 billion), operating income down 3 percent to 29.5 billion yen and net income down 14 percent to 19.8 billion yen.
NEDO has announced a new synthetic fluororubber material with the world’s highest level of resistance to environmental stress factors. Made by attaching single-wall carbon nanotubes to fluororubber, the material promises to achieve heat resistance on a par with perfluoroelastomer at much lower cost.
New Year’s Top Interview: Lanxess K.K. President and CEO Hideo Tsuji Hideo Tsuji, president and CEO of Lanxess K.K., said in a recent interview with the Japan Rubber Weekly that a company is made up of its products and people and that his company will focus on fostering its human resources. Tsuji took over from Peter Weinmar as president and...
New Year’s Top Interview: JSR President Mitsunobu Koshiba President Mitsunobu Koshiba of JSR Corp. (TYO:4185) said recently in an interview with the Japan Rubber Weekly that his company’s future does not lie in an extension of the pattern its success has followed up to now. He instead stressed the crucial nature of nonlinear thinking. Koshiba said that an all-out effort...