As the number of people playing golf is on a downward trend globally, the golf market is expected to continue experiencing harsh conditions for some time. Looking at the Japanese market, sales prices dropped due to intensified competition resulting from a market contraction that took place leading up through 2014 and 2015. However, sales prices stopped declining in 2016 and...
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Shipment volume of carbon black rose 6.1 percent year-on-year to 52,479 tons in March, the third straight month of positive growth, according to records compiled by the Japanese Carbon Black Association. Total shipment for rubber use rose 6.8 percent year-on-year, up for the third straight month, at 49,270 tons. Although shipments for tire use were up 11 percent, shipments for...
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Toyoda Gosei Co. Ltd. (TYO:7282), Toyota Group’s only manufacturer of high-polymer automobile components made from rubber and plastic, has released its business results for the fiscal year ending March 2017. The company saw sales of 755.61 billion yen ($6.63 billion), a year-on-year decrease of 3.4 percent; operating profit was down at 40,675,000,000 yen, a 5-percent decline; ordinary income dropped to...
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Zeon Corp. (TYO:4205) Chairman Naozumi Furukawa was decorated with an Order of the Rising Sun at this spring’s conferment ceremony. Commenting on the decoration, the 72-year-old Furukawa said that he was honored and humbled to receive the award and that he accepts it thanks to the continued support of those from other industries and from within his own group. He...
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Industrial rubber sheet and diaphragm manufacturer Irumagawa Rubber Co. Ltd. launched a new three-year medium-term business plan on April 1. Named NexT 2019, the plan defines what Irumagawa Rubber hopes to be in 2025, says company President Yuki Shimizu, and compiles initiatives to be executed by fiscal 2019 in order to reach that goal. With two missions, sales growth and...
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Major synthetic rubber company JSR Corp. (TYO:4185) has released its business results for fiscal 2016. Sales were up for the company 1 percent year-on-year, rising to 390,599,000,000 yen ($3.34 billion); operating profit was down 5.9 percent at 32.37 billion yen; ordinary income rose 7.8 percent to 36,264,000,000 yen; and net profit, up 25 percent, increased to 30,078,000,000 yen. The company’s...
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