Toyo Tires has upwardly revised its full-year forecasts for fiscal 2023. The company expects record-high sales, ordinary income, and net income. President Takashi Shimizu said that the company expects to achieve its operating income target of 60 billion yen ($409.9 million) for 2025 – the final year of its mid-term plan – two years ahead of schedule. According to the...
Comments to proposed regulations for fluorinated compounds (PFAS), including fluoroelastomers and fluoropolymers, have been submitted to the European Chemicals Agency (ECHA). If the law is enacted as proposed, PFAS use will be banned after a grace period, which will have a significant impact on a wide range of fields that use fluorine rubber and fluorine resin, including automobiles, semiconductors, medical...
Mitsuboshi Belting has been working on business and management reforms, including global production reorganization, strengthening of the logistics system, and digital transformation (DX) human resource development. Japan Rubber Weekly sat down for an interview with President Hiroshi Ikeda about the progress of reforms, the current status of new product and technology development and business performance. On current business performance and...
Toyoda Gosei has signed a basic agreement with Ashimori Industries and its largest shareholder, Japan Wool Textile, respectively, to strengthen their capital and business alliance in the safety systems business. Safety system products such as airbags, seatbelts, and steering wheels are required to evolve in function and performance with the spread of electric vehicles and automated driving technology. In addition,...
Seal manufacturer Valqua’s first quarter (April-June 2023) results showed sales of 15.48 billion yen ($106.95 million), up 8.6% year-on-year; operating income of 2.0 billion yen, down 2.2%; ordinary income of 2.11 billion yen, down 4.1%; and net income of 1.38 billion yen, down 7.2%. By segment, the sealing products business posted sales of 9.81 billion yen, up 2.4%, and operating...
Toyoda Gosei posted a 23.8% increase in revenue to 259.32 billion yen ($1.8 billion) in the first quarter (April-June 2023) of the fiscal year ending March 31, 2024. The company further increased operating income by 421.4% to 16.38 billion yen, and net income by 344.0% to 11.61 billion yen. By segment, sales revenue in Japan increased 23.7% to 107 billion...
