News

Tokai Carbon Set to Hugely Outperform Targets From T-2018 Management Plan

Tokai Carbon Co. Ltd. (TYO:5301) appears likely to significantly exceed targets set under T-2018, the company’s medium-term management plan slated to end this fiscal year after a three-year run. Coming as a result of increased product prices and other such factors, the company now expects to post annual figures far above its initial targets of 110 billion yen ($990.23 million)...

Please subscribe to read the full story. [lwa template="modal" register="0"]Subscribe Free Trial
Continue Reading

Bridgestone Makes New Discoveries in Monitoring, Measuring of Strain-Induced Crystallization in Rubber

Bridgestone Corp. (TYO:5108) has discovered a technique for monitoring and measuring strain-induced crystallization in natural and isoprene rubber at a record-high temporal resolution. The basic technology for this was developed using Spring-8, a large synchrotron radiation facility in western Japan. Natural rubber is less susceptible to cracking than typical isoprene rubber, with one suspected reason for this being the crystallization...

Please subscribe to read the full story. [lwa template="modal" register="0"]Subscribe Free Trial
Continue Reading

Toyo Tires to Transfer Flexible Urethane Business to Toyo Quality One

Toyo Tire & Rubber Co. Ltd. (TYO:5105) is looking to transfer its flexible urethane business, which targets the market for automotive seat cushions, to Toyo Quality One Corp. This comes as part of a plan from Toyo Tires to strengthen its management around a core of tires and automotive anti-vibration rubber, having already moved to divest its operations for chemical...

Please subscribe to read the full story. [lwa template="modal" register="0"]Subscribe Free Trial
Continue Reading

Okamoto Sees Sales, Profits Rise for Q1 on Back of Strong Performance From Condom Business

Okamoto Industries Inc. (TYO:5122) has seen its sales for the first quarter of fiscal 2018 rise 6.2 percent year-on-year to 22.47 billion yen ($203.93 million), according to a recent release of business results for the period. These results also show the company’s operating profit for the quarter as having risen 2.1 percent to 2.89 billion yen, while ordinary profit was...

Please subscribe to read the full story. [lwa template="modal" register="0"]Subscribe Free Trial
Continue Reading

Toyo Tires Revises Annual Forecast Downward Following Extraordinary Loss, Shifting Conditions

Toyo Tire & Rubber Co. Ltd. (TYO:5105) has downwardly revised its results forecast for calendar 2018, lowering its projections for sales by 1.3 percent, operating profit by 4.3 percent, ordinary profit by 5.2 percent and net profit by 24.1 percent when compared to initial estimates. Explaining the adjustment to operating profit, company president Takashi Shimizu first said that while raw...

Please subscribe to read the full story. [lwa template="modal" register="0"]Subscribe Free Trial
Continue Reading

Yokohama Rubber Appears Set to Meet Early 2018 Performance Projections

Yokohama Rubber Co. Ltd.’s (TYO:5101) consolidated results for calendar 2018 appear set to hold to the company’s forecast announced this past February. While this has been helped along by natural rubber prices dropping 7 cents from what had been expected, a surge in crude oil prices has brought increases to synthetic rubber and carbon black prices, with this expected to...

Please subscribe to read the full story. [lwa template="modal" register="0"]Subscribe Free Trial
Continue Reading

Send this to a friend