A number of Japanese companies are looking to bring stationed employees back home from India, where the rate of COVID-19 infection has surged of late. Zeon Corp. (TYO:4205) has already finished bringing back employees from local subsidiary Tokyo Zairyo Co. Ltd., while the likes of Yokohama Rubber Co. Ltd. (TYO:5101) and Sumitomo Rubber Industries Ltd. (TYO:5110) too are moving to...
Bridgestone Corp. (TYO:5108) and the Bridgestone Group have had seven plants receive a Platinum Level rating under Caterpillar Inc.’s Supplier Quality Excellence Process (SQEP) for 2020. This is the highest supplier rating provided by the U.S.-based manufacturer of construction and mining equipment. Four of the seven Bridgestone plants to receive this rating manufacture tires for construction equipment, including the Santo...
Zeon Corp. (TYO:4205) has posted its business results for fiscal 2020, revealing sales revenue of 301.96 billion yen ($2.77 billion), down 6.2 percent year on year, and an operating income of 33.41 billion yen, up 28 percent. Speaking at the results briefing, company director Kazuyoshi Matsuura said that with customer industries having made a recovery in recent months, the January–April...
Yokohama Rubber Co. Ltd. (TYO:5101) recently announced that it will transfer the company’s Hamatite business to Sika AG, a Swiss-based specialty chemicals company. The transfer is scheduled to take place on Nov. 1, with the cost of the acquisition still under discussion. Included in the transfer are the Hamatite businesses operated by Yokohama Rubber, with these being Yokohama Industrial Products...
Toyoda Gosei Co. Ltd. (TYO:7282) has reported its business results for fiscal 2020 and announced its projections for fiscal 2021. The company’s results for last fiscal year saw sales revenue fall 11.2 percent year-on-year to 721.5 billion yen ($6.61 billion), while operating profit rose 103.9 percent to 36.48 billion yen and net profit rose 213.6 percent to 35.21 billion yen....
JSR Corp. (TYO:4185) has announced its earnings forecast for fiscal 2021. The synthetic rubber manufacturer projects that it will be able to generate 468 billion yen ($4.28 billion) in sales revenue, up 4.8 percent year-on-year; 53 billion yen in core operating profit, up 104.1 percent; and 32 billion yen in net profit, a major turnaround from the 55.2 billion yen...
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