Ube held a briefing on its medium-term management plan, “Ube Vision 2030 Transformation-2nd Stage,” covering fiscal years 2025 to 2030. “Considering the promotion of basic business structure reforms, specialization, digital transformation (DX), and corporate culture reform, we need to establish a solid six-year plan and execute it steadily,” Ube said, extending the plan’s duration from the previous three years to...
Sagami Rubber Industries’ performance for the fiscal year ended March 31, 2025 (April 2024 to March 2025) recorded net sales of 5.69 billion yen ($39.55 million), a 6.9% decrease from the previous year, an operating loss of 33 million yen (compared to an operating profit of 436 million yen in the prior year), an ordinary profit of 522 million yen,...
Sumitomo Rubber has been awarded the 37th Rubber Society of Japan Award for its Active Tread Technology, a groundbreaking material innovation that allows tire performance to adapt to changing road conditions. The Rubber Society of Japan Award is presented to society members who have made distinguished contributions to the advancement of science, technology, or industry in the field of rubber...
Mitsui Chemicals announced on May 19 that it will raise the price of Admer by 25 yen ($0.17) per kilogram for deliveries starting July 1. The company stated that the price hike is due to significant increases in costs for certain raw materials, labor, logistics, and equipment maintenance. “Despite efforts to reduce costs, the situation has exceeded our ability to...
Yokohama Rubber has acquired fixed assets, including land, buildings, and production facilities, in Romania through its subsidiary Yokohama TWS Romania. The move aims to enhance the company’s production capacity for off-highway tires (OHT), including tires for agricultural machinery, in Europe. The acquired land spans approximately 200,000 square meters, with the acquisition cost amounting to $35 million. This acquisition follows Yokohama...
Bando Chemical reported sales revenue of 115.59 billion yen ($797.70 million), up 6.8% year-on-year, core operating profit of 7.74 billion yen, up 2.1%, and net profit of 1.50 billion yen, down 75.8%, for the fiscal year ended March 31, 2025. Factors affecting core operating profit included profit increases from higher gross profit due to sales growth of 1.36 billion yen...
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