Mitsuboshi Belting Ltd. (TYO:5192) has reported increases to both sales and profits for the fiscal year through March 2022. Sales increased 15.4 percent from the previous year to 74.87 billion yen ($580 million), while operating income increased 53.8 percent to 7.64 billion yen. The company noted that business began to recover gradually during the second half of fiscal 2020, with...
Yokohama Rubber Co. Ltd. (TYO:5101) began domestic and international deliveries in May of its ADVAN V 61 tire for use as original equipment on new bZ4X sport utility vehicles, Toyota Motor Corp.’s (TYO:7203) first battery electric vehicle (BEV). Available in size 235/60R18 103H, the new tire has received the Technology Development Award among Toyota’s annual supplier awards in recognition of...
Asahi Kasei Corp. (TYO:3407) has reported its business performance for the fiscal year ended March 2022. The company posted net sales of 2.46 trillion yen ($19.21 billion), up 16.9 percent year-on-year; operating income of 202.647 billion yen, up 17.9 percent; ordinary income of 212.052 billion yen, up 19.1 percent; and net profit of 161.88 billion yen, up 102.9 percent. Performance...
The Japan Automobile Tyre Manufacturers Association (JATMA) has established a voluntary industry standard for the testing and labeling of low-noise tires. Part of JATMA’s efforts to promote the use of tires that minimize external noise, the labeling system for the new operational standard for test methods and labeling methods for low exterior noise tires is set to begin operation in...
Bando Chemical has launched sales of a non-adhesive belt for food product use that it has named Mr. Silky Coat, a new addition to its Sunline Belt lineup of light-duty conveyor belts. The use of the hybrid material in which the belt surface is impregnated with silicone-modified polyurethane gives the belt a surface for transporting materials that is high in...
The first quarter of calendar 2022 saw Sumitomo Rubber Industries Ltd. (TYO:5110) post IFRS-based results that included 250.51 billion yen ($1.96 billion) in sales revenue, marking a 17.2 percent year-on-year increase. The tire business contributed to that amount with 210.87 billion yen of sales revenue, up 16.9 percent, as well as a 20.5 percent year-on-year increase in operating profit to...
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