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...
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Denka Posts 20% Year-on-Year Drop in Second-Quarter Sales
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 Sees 28.6% Drop in Sales Revenue from Automotive Products
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’s Turanza T005A Selected for Mazda’s New Mild Hybrid MX-30
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 Makes Upward Revision to Results Forecast for 2020
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...
Bridgestone Pursues Office Reorganization to Improve Added Value, Productivity
Bridgestone Corp. (TYO:5108) has announced that it is moving to integrate and reorganize its office locations over the coming months. Through this plan, the company aims to achieve more efficient, effective utilization of management resources, as well as to reform work styles in a way that improves value and productivity. A gradual effort starting this month will see Bridgestone consolidate...
