Nitta performance for the fiscal year ended March 31, 2025, recorded sales of 90.28 billion yen ($622.29 million), up 1.9% year-on-year, operating profit of 5.16 billion yen, up 16.6%, ordinary profit of 14.60 billion yen, up 21.6%, and net profit of 12.13 billion yen, up 23.1%. Sales grew despite continued weakness in automotive and construction machinery sectors, driven by a...
Sojitz, Mitsui Chemicals, and Sumitomo Chemical signed a share purchase agreement for Nippon A&L, a company engaged in the manufacture, sale, and R&D of SBR latex and ABS resin. Following necessary procedures, the current ownership structure of 15% by Mitsui Chemicals and 85% by Sumitomo Chemical will shift by July to 66.5% by Sojitz and 33.5% by Sumitomo Chemical, making...
On May 15, Dow Chemical Japan outlined its sustainable business strategy, focusing on initiatives in the mobility sector. The company aims to reduce CO2 emissions by 30% by 2030 compared to 2005 levels and achieve annual production of 3 million tons of “circular and renewable products” by converting potential waste materials into renewable raw materials. Since 2005, Dow has reduced...
Denka announced that its U.S. subsidiary, Denka Performance Elastomer (DPE), will not resume operations at its chloroprene rubber (CR) manufacturing facility, currently shut down for scheduled maintenance, and will instead place it on indefinite suspension. The company faced significant profit deterioration due to DPE’s struggling CR business, recording a special loss of approximately 16.1 billion yen ($107.33 million) for fixed...
Sumitomo Rubber has launched Palmfill, an environmentally friendly infill material for its sports artificial turf, Hibrid-Turf. Unlike conventional rubber chips, Palmfill is a highly water-retentive infill made from natural materials. It effectively suppresses turf surface temperatures during summer sunlight, contributing to improved sports environments. Notably, Palmfill-infused artificial turf has been adopted at Giants Town Stadium, the new farm team ballpark...
Zeon’s performance for the fiscal year ended March 31, 2025, showed sales of 420.65 billion yen ($2.89 billion), up 10% from the prior year, operating profit of 29.32 billion yen, up 43%, ordinary profit of 33.05 billion yen, up 22.8%, and net profit of 26.20 billion yen, down 15.8%. The elastomer materials division reported sales of 236.56 billion yen, up...
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