Yokohama Rubber Co. Ltd. (TYO:5101) recently announced that it has once again been selected as part of the FTSE4Good Index Series and FTSE Blossom Japan Index, two global stock indexes that are focused on environmental, social and governance (ESG) investments. This marks the 15th consecutive year that Yokohama Rubber has been included in the FTSE4Good Index Series, with the company...
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Yokohama Rubber Co. Ltd. (TYO:5101) recently posted its business results for calendar 2019. While the company’s tire division struggled for the year, overall sales revenue was up marginally year-on-year to 650.46 billion yen ($5.85 billion), with business profit down 15.4 percent to 50.13 billion yen and net profit up 17.8 percent to 41.97 billion yen. This marks a new record...
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Sumitomo Rubber Industries Ltd. (TYO:5110) President Satoru Yamamoto has revealed a new medium-term management plan set to run through to fiscal 2025. The plan’s goals for that final year are to achieve 1 trillion yen ($9.1 billion) in sales revenue, 100 billion yen in business profit, a return on equity of at least 10 percent and a debt-to-equity ratio of...
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With the spread of the novel coronavirus showing no signs of letting up, companies in the rubber sector are seeing increasingly serious effects on business. Problems are piling up with regard to securing employees, carrying out logistics, operating supply chains and more. Issues on the production side of business have spread to regions outside of China, including Japan. And with...
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Chemical manufacturer Denka Co. Ltd. (TYO:4061) announced on Feb. 13 that consolidated subsidiary Denka Seiken Co. Ltd. has started development of a diagnostic test kit for China’s novel coronavirus. Making use of the immunochromatography method for coronavirus antigens, the kit can be used quickly and simply even at general medical facilities. Since its establishment in 1950, Denka Seiken has been...
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Fuji Latex Co. Ltd. (TYO:5199) recently posted its business results for April–December 2019, showing a drop in both sales and profits. The company’s sales for the three quarters came to 5.42 billion yen ($49.34 million) for a 14.1 percent year-on-year drop, while operating profit was down 95.6 percent to 22 million yen, ordinary profit was down 94.3 percent to 27...
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