Demand for rubber and resin conveyor belts remains spotty as the industry is impacted by the wide division of peaks and valleys it faces. Since the spread of COVID-19, demand for rubber and resin parts has declined for many applications, as is the case with other rubber and resin products. On the other hand, there are also applications for which...
Tosoh Corp. (TYO:4042) has reported its business results for the April–September quarter of fiscal 2020. The company posted net sales of 328.47 billion yen ($3.14 billion), down 17.1 percent year-on-year; operating income of 17.64 billion yen, down 56.3 percent; ordinary income of 17.97 billion yen, down 57.1 percent; and quarterly net profit of 11.71 billion yen, down 56.3 percent. Tosoh’s...
Denka Co. Ltd. (TYO:4061) posted 160.3 billion yen ($1.52 billion) in sales in its business report for the April–September quarter of fiscal 2020, marking a year-on-year drop of 16.5 percent. Operating income was just under 12.07 billion yen, down 21.4 percent year on year, while ordinary income was 12.29 billion yen, down 15.4 percent, and net profit at 10 billion...
Sumitomo Riko Co. Ltd. (TYO:5191) recently released its financial results for the first half of fiscal 2020, revealing a decrease in both revenues and profits. On the whole, the company’s first-half results included sales revenue of 167.23 billion yen, down 27.1 percent year-on-year; a business loss of 7.54 billion yen, down from an business profit of 5.23 billion yen; and...
Bridgestone Corp. (TYO:5108) has announced that it will supply its Turanza T005A tire as OE for the mild hybrid version of the new Mazda MX-30. This follows Mazda Motor Corp.’s (TYO:7261) recent reveal of the new compact SUV. Based on the idea of “Living True to Yourself,” the Mazda MX-30 was designed with the aim of letting drivers spend time...
Sumitomo Rubber Industries Ltd. (TYO:5110) has released its business results for the first three quarters of calendar 2020. But despite figures here being considerably down versus the same period last year, the company announced that it was making an upward revision to its projected results for this year as a whole. Sales revenue for the period came to 540.25 billion...
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