Bridgestone Corp. (TYO:5108) recently announced that it has made a downward revision to its projected business results for calendar 2019. This was prompted by a number of changes in both external conditions and market trends. For the full year, Bridgestone now expects to see sales total 3.62 trillion yen, down 1.9 percent from an initial forecast of 3.69 trillion yen....
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Zeon Corp. (TYO:4205) recently revealed its business results for the first quarter of fiscal 2019, showing downward trends to financial indicators. The company’s overall sales came to 82.42 billion yen ($781.76 million) for the quarter, down 1.5 percent year-on-year. Meanwhile, its operating income was down 1.6 percent to 8.33 billion yen, with ordinary income down 10.3 percent to 8.64 billion...
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JSR Corp. (TYO:4185) recently posted results showing a year-on-year decrease to sales and profits for the first quarter of fiscal 2019. Overall, the company achieved sales revenue of 119.5 billion yen ($1.13 billion) for the quarter, down 2.3 percent from the same quarter last year; operating profit of 10.04 billion yen, down 12.6 percent; and net profit of 7.29 billion...
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Toyo Tire Corp. (TYO:5105) recently announced that it intends to establish a new tire production subsidiary in Belgrade, Serbia. The subsidiary will be used to run a tire production plant set for construction in the Serbian town of Indija. This will be Toyo Tires’ eighth such plant, coming alongside two in Japan, one in the U.S., two in China and...
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Tosoh Corp. (TYO:4042) is looking to bolster its production capacity for Skyprene, the company’s brand of chloroprene rubber (CR). Targeting a 4,000-ton increase to its annual CR production capacity, Tosoh will remove facility bottlenecks at its Nanyo Complex in Shunan, Yamaguchi Prefecture. These efforts will require an investment of around 5 billion yen ($47.05 million) and bring the company’s total...
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Toyoda Gosei Co. Ltd. (TYO:7282) recently posted results showing increased sales revenue but decreased profits for the first quarter of fiscal 2019. The auto parts manufacturer’s sales revenue for the quarter came to 209.36 billion yen ($1.97 billion) – rising by 1.9 percent year-on-year – while operating profit was down 24 percent to 7.87 billion yen and net profit was...
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