Sumitomo Riko Co. Ltd. (TYO:5191) has posted its financial results for the first three quarters of fiscal 2021, revealing sales of 321.5 billion yen ($2.79 million), up by 13.3 percent year-on-year; 1.12 billion yen of business profit, up by 66.4 percent; and a net loss of 4.64 billion yen, improved from a loss of 7.26 billion yen in the same...
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Bridgestone Plans 8.2B Yen Investment to Boost Domestic Production for Premium Passenger Car Tires
Bridgestone Corp. (TYO:5108) is looking to increase its Japanese production capacity for premium passenger car tires. Plans here will see the company carry out improvements at four of its passenger car tire plants: namely, those in Tochigi, Hikone, Hofu and Tosu. Total investment here is slated to come to around 8.2 billion yen ($71.1 million), with construction beginning in the...
Asahi Rubber Develops CNT-Filled Silicone Rubber Composite Alongside GSI Creos
Rubber manufacturer Asahi Rubber Inc. has worked with a partner to develop silicone rubber with cup-stacked carbon nanotubes (CSCNTs) dispersed throughout, creating a material that combines high conductivity with optimal hardness. Following a long period of demonstration testing, the new material is set to be used in auto parts that remain usable even under harsh outdoor conditions, and will start...
Sumitomo Rubber Launches New Tire With Improved Wet Performance for Light Trucks & Buses
Sumitomo Rubber Industries Ltd. (TYO:5110) has announced plans to roll out the Dunlop SP LT22 starting March 1. A new all-season tire offering significantly improved all-round wet performance for light trucks and buses, the SP LT22 will be available in a total of 20 sizes, allowing it to be fitted to a wide range of vehicles. The new tire promises...
Shin-Etsu Polymer Posts 24% Growth in Precision Molding Products for Q3
Shin-Etsu Polymer Co. Ltd. (TYO:7970) has released its business results for the third quarter of fiscal 2021, revealing sales of 68.89 billion yen ($600.44 million), up 23.5 percent year-on-year; an operating profit of 7.46 billion yen, up 59.9 percent; an ordinary profit of 7.71 billion yen, up 61.1 percent; and a net profit of 5.65 billion yen, up 62.4 percent....
Toyoda Gosei President Toru Koyama Discusses Plans to Pursue Carbon Neutrality, Support Rise of EVs
Toru Koyama, president of Toyoda Gosei Co. Ltd. (TYO:7282), gave some insight recently into the company’s plans for 2022, which will center around improving corporate value and striving to meet the targets of the company’s medium-term plan. Giving his predictions for fiscal 2022, Koyama said that given Omicron and numerous other uncertainties, he believes it may still be another year...
