The general performance of listed rubber companies has been compiled for fiscal 2019, during which the impact of the novel coronavirus pandemic began to become apparent. Among chemical companies, the elastomer business experienced lower revenue and earnings at synthetic rubber manufacturers JSR Corp. (TYO:4185) and Zeon Corp. (TYO:4205). This was attributable to a global slump among buyers in automobile and...
News
Mitsuboshi Belting Manages Profit Growth in Overseas Belting Business Despite Overall Results Slump
Mitsuboshi Belting Ltd. (TYO:5192) recently posted its business results for fiscal 2019, showing a sales revenue decline of 1.3 percent year-on-year to end at 71.05 billion yen ($649.07 million). The company’s operating profit for the year was down 10.2 percent to just under 7.3 billion yen, while ordinary profit was down 14.4 percent to a little under 7.66 billion yen...
Bridgestone Recognized for Aiding Toyota’s Efforts Toward “Making Ever-Better Cars”
Bridgestone Corp. (TYO:5108) recently announced that it has received two awards from Toyota Motor Corp. (TYO:7203): the Technology & Development Award and the Superior Value Improvement Award. The Technology & Development Award is given out to suppliers who have managed to advance manufacturing by way of innovative technologies. Meanwhile, the Superior Value Improvement Award recognizes supplier attitudes and achievements with...
Asahi Rubber Helps Prevent COVID-19 Infections by Providing Free Face Shields to Medical Institutions
Asahi Rubber Inc. (TYO:5162) is producing and donating face shields to help prevent droplet infection at medical facilities dealing with the novel coronavirus. As a recent effort here, the manufacturer of industrial rubber products sent through a free shipment to the Fukushima Association for Clinical Engineering Technologies (FACET). These face shields are used to cover the heads of patients on...
ANNUAL PLAN Membership Required
You must be a ANNUAL PLAN member to access this content.
Already a member? Log in here
Bridgestone Starts Tire Safety Inspection Campaign Through Network of Tire Retailers
Bridgestone Corp. (TYO:5108) is working with a number of partners to launch a collaborative tire safety effort this June, with participants here including Bridgestone Tire Japan Co. Ltd., company-run sales shops and a number of select retailers that carry the Bridgestone brand. Dubbed “#TIRE SAFETY,” the campaign will see participants inspect the tires of customer vehicles and report the results....
Nichirin Posts Decrease to Sales, Profits for First Quarter of 2020
Rubber auto parts manufacturer Nichirin Co. Ltd. (TYO:5184) recently posted its business results for the first quarter of calendar 2020. The figures here highlight how sluggish demand and sales in the automotive sector – Nichirin’s largest customer industry – brought about a decline in both sales revenue and profit at the company. A large part of this stems from the...
