Toyota Group company Toyoda Gosei Co. Ltd. (TYO:7282) has been selected alongside Panasonic Corp. (TYO:6752), Nagoya University and Osaka University to develop next-gen gallium nitride (GaN) power semiconductors as part of a Japanese government project. Run under the Ministry of the Environment (MoE), these efforts will form the “FY2022 Project for Acceleration of Social Implementation and Dissemination of Components (GaN)...
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Rubber Sector Slumps Over January–March in Wake of Slow Automotive Production
An industry organization for rubber products has finished putting together a range of statistics for January–March. The results reflect what has been a significant impact to the Japanese economy over the quarter – a period that has seen the COVID-19 Omicron variant surge throughout the country, with semi-emergency measures then being put in place in various regions. Providing a broad...
Dow Chemical Adds Sustainable Brand to Polyolefin Elastomer Lineup
Dow Chemical Co. has added the sustainable brand Engage Ren to its Engage series of polyolefin elastomers. Engage Ren is manufactured using plant-derived raw materials – such as waste cooking oil – and renewable energy. Since it uses only waste residues and by-products from alternative production processes, it consumes no extra resources and does not compete with the food chain....
Mitsuboshi Belting Reports Double-Digit FY2021 Sales Growth
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 Ships OE Tires for New Toyota SUV BEV
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 Achieves Increases in Income and Profit for FY2022
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...
