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Bridgestone’s First-Half Sales Revenue Drops 22%

Bridgestone Corp. (TYO:5108) announced its business results for the first half of calendar 2020 on Aug. 7, revealing sales revenue of just under 1.36 trillion yen ($12.76 billion) to mark a 22.1 percent year-on-year drop. The company’s adjusted operating profit for the half came to a little below 48.27 billion yen, down by 68.3 percent, and it posted a net...

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Shin-Etsu Polymer Posts Declining Results for Q1 as Coronavirus Hits Automotive Industry

Shin-Etsu Polymer Co. Ltd. (TYO:7970) recently posted its business results for the first quarter of fiscal 2020, revealing a drop in both sales revenue and profits. The company ended the quarter with sales of 18.33 billion yen ($171.49 million), down by 5.7 percent year-on-year; operating profit of just under 1.36 billion yen, down by 25.3 percent; ordinary profit of 1.58...

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Nitta Launches Automatic Tool Changer With High Payload Capacity, Thin Design

Nitta Corp. (TYO:5186) launched sales on Aug. 1 for the NittaOmega Type XM, an automatic tool changer. In recent years, automakers have shown an increasing need for robots able to transport heavy objects. Improvements to robotic capabilities have meanwhile allowed for faster robotic movement, causing the market to seek out lighter, thinner products to serve as automatic tool changers here....

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Survey: Rubber Product Manufacturers Voice Concern and Uncertainty Over Economic Trends

Japan Rubber Weekly recently sent a survey regarding current economic conditions to 156 domestic manufacturers of rubber and plastic products. Responses were received from 102 of these companies, helping to quantify expectations for the industry’s economic outlook. In an earlier survey conducted this January, the major concern was sluggish performance in demand industries on account of the U.S.–China trade war,...

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Bridgestone Releases New Environmental Targets as Part of 2019–2020 Sustainability Report

Bridgestone Corp. (TYO:5108) recently published its 2019–2020 Sustainability Report, making this available via a dedicated page on its company website. The report includes Milestone 2030, which lays out a set of new medium-term environmental targets for the Bridgestone Group to achieve by 2030. This comes as part of the broader effort to achieve long-term environmental goals for 2050. As a...

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Okamoto Sees Business Results Drop Across the Board Due to Coronavirus

Chemical products and condom manufacturer Okamoto Industries Inc. (TYO:5122) recently posted results for the April–June quarter of fiscal 2020. Net sales here were down year-on-year 14.6 percent, dropping to 19.365 billion yen ($183.47 million); operating income was down 15 percent, dropping to 1.923 billion yen; ordinary income fell 5 percent to 2.416 billion yen; and net profit dropped 10.4 percent,...

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