Bridgestone Corp. (TYO:5108) recently published its 2019–2020 Sustainability Report, making this available via a dedicated page on its company website. The report includes Milestone 2030, which lays out a set of new medium-term environmental targets for the Bridgestone Group to achieve by 2030. This comes as part of the broader effort to achieve long-term environmental goals for 2050. As a...
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Okamoto Sees Business Results Drop Across the Board Due to Coronavirus
Chemical products and condom manufacturer Okamoto Industries Inc. (TYO:5122) recently posted results for the April–June quarter of fiscal 2020. Net sales here were down year-on-year 14.6 percent, dropping to 19.365 billion yen ($183.47 million); operating income was down 15 percent, dropping to 1.923 billion yen; ordinary income fell 5 percent to 2.416 billion yen; and net profit dropped 10.4 percent,...
Sumitomo Rubber Anticipates 16% Drop in Sales Revenue for 2020
Sumitomo Rubber Industries Ltd. (TYO:5110) has disclosed its business results estimates for the first half along with its forecast for the full business year through December. The forecast through end of June anticipates first-half sales revenue of 340 billion yen ($3.22 billion), down 20.8 percent from the first half of the previous year; business losses of 2.5 billion yen compared...
Zeon to Revise Prices of Domestically Produced Synthetic Rubber
Zeon Corp. (TYO:4205) recently announced that it will be increasing its synthetic rubber prices starting with shipments made on Aug. 17. This will see prices here rise by 11–22 yen per kilogram ($0.10–$0.21). The price hike will apply to products manufactured at Zeon’s domestic Japanese facilities, and will differ between general rubber and specialist rubber products. This will be Zeon’s...
Sumitomo Rubber Aims for All-Season Tire Growth With Summer Tire Strategy
Having boosted its market presence in recent years with its all-season tire options, Sumitomo Rubber Industries Ltd. (TYO:5110) sees ample potential for continuation of recent annual increases in the percentage of vehicles running on such tires. As part of this product growth strategy, Sumitomo Rubber launched sales last October of the All Season Maxx AS1. Sales have been on the...
JSR’s Elastomers Business Posts 5.57B Yen Operating Loss for First Quarter
JSR Corp. (TYO:4185) recently revealed that its Elastomers business has taken a significant hit from the novel coronavirus, with this news coming as part of the company’s financial results for the first quarter of fiscal 2020. The quarterly results revealed a company-wide sales revenue of 93.09 billion yen ($877.9 million), down 22 percent year-on-year; an operating profit of 2.36 billion...
