Osaka Soda Co. Ltd. (TYO:4046) has posted a significant increase to its sales and profits for the cumulative first three quarters of fiscal 2018. Year-on-year, Osaka Soda’s sales rose by 9.9 percent to reach 81.85 billion yen ($741.23 million) over the nine-month period. In profits, meanwhile, the company’s operating profit rose 36 percent to 7.65 billion yen, with ordinary profit...
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Synthetic rubber manufacturer JSR Corp. (TYO:4185) has posted sales of 376.55 billion yen ($3.43 billion) for the first nine months of fiscal 2018, representing growth of 20.1 percent over the same period last year. Meanwhile, the company’s operating profit was up 2.1 percent year-on-year to 37.95 billion yen, with its net profit for the period increasing 0.2 percent to 27.72...
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Bando Chemical Industries Ltd. (TYO:5195) recently received a chairman’s award from the Energy Conservation Center, Japan (ECCJ), as part of the 2018 Energy Conservation Grand Prize awards. The company won this off the back of its Hyper Flat Drive (HFD) System, a flat belt drive system that was rated strongly for enabling a high level of energy conservation. This marks...
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Sumitomo Riko Co. Ltd. (TYO:5191) recently posted record-high sales in cumulative results for the first three quarters of fiscal 2018. This comes despite profits falling under all metrics. Sales for the nine-month period came to 350.43 billion yen ($3.19 billion), up 2.8 percent year-on-year. Meanwhile, business profit – calculated by subtracting cost of sales, sales expenses and general administrative expenses...
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Yokohama Rubber Co. Ltd. (TYO:5101) is planning an April 1 launch for the Geolandar X-CV, a new product under its Geolandar line of highway-terrain SUV tires. The tire will be made available in 17 sizes. The Geolandar X-CV will be marketed as a next-gen highway-terrain tire for high-performance crossover SUVs. Placing an emphasis on high-speed performance and driveability, such SUVs...
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Butadiene prices in the Asian market dropped back slightly for 2018 after surging up in 2017. This then formed the topic at a recent executive meeting of the Japan Rubber Manufacturers Association (JRMA), with the association covering a range of information about trends in the market. Looking back, the meeting highlighted that butadiene prices continued to rise – in conjunction...
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