Tokai Carbon Co. Ltd. (TYO:5301) President Hajime Nagasaka has unveiled T-2023, the company’s new three-year medium-term management plan. The company aims to end the plan in fiscal 2023 with record-high sales revenue of 320 billion yen ($2.94 billion), as well as operating income of 57 billion yen, an ROS figure of 18 percent and an EBITDA of 86 billion yen....
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Toyoda Gosei Co. Ltd. (TYO:7282) posted IFRS-based 721.5 billion yen ($6.61 billion) in sales revenue for the fiscal year ending March 2021, marking an 11.2 percent drop from the previous fiscal year. Operating income was 36.48 billion yen, up 103.9 percent annually, while net profit was 35.21 billion yen, up 213.6 percent. While sales increased as major customers in China...
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Ube Industries Ltd. (TYO:4208) has announced plans to split off its synthetic rubber business as a subsidiary, with operations here including R&D, manufacturing and sales. The move is scheduled to be carried out on Oct. 1, forming Ube Elastomer Co. Ltd. as a wholly owned new subsidiary. Engaged in the production and sale of butadiene rubber, Ube Industries’ synthetic rubber...
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Leading synthetic rubber manufacturer JSR Corp. (TYO:4185) has announced plans to transfer its elastomers business to Eneos Corp. Due to be completed on April 1, 2022, the deal here will be based on a valuation of 115 billion yen ($1.05 billion). Commenting on the deal, JSR CEO Eric Johnson acknowledged that elastomers have been a core business for JSR since...
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A number of Japanese companies are looking to bring stationed employees back home from India, where the rate of COVID-19 infection has surged of late. Zeon Corp. (TYO:4205) has already finished bringing back employees from local subsidiary Tokyo Zairyo Co. Ltd., while the likes of Yokohama Rubber Co. Ltd. (TYO:5101) and Sumitomo Rubber Industries Ltd. (TYO:5110) too are moving to...
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Bridgestone Corp. (TYO:5108) and the Bridgestone Group have had seven plants receive a Platinum Level rating under Caterpillar Inc.’s Supplier Quality Excellence Process (SQEP) for 2020. This is the highest supplier rating provided by the U.S.-based manufacturer of construction and mining equipment. Four of the seven Bridgestone plants to receive this rating manufacture tires for construction equipment, including the Santo...
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