Nitta posted sales of 21.63 billion yen ($148.14 million), down 0.4% year-on-year, operating profit of 1.16 billion yen, down 9.2%, ordinary profit of 3.60 billion yen, up 18.7%, and net profit of 3.02 billion yen, down 20.5% in the first quarter (April-June 2024) of the fiscal year ending March 2025. By segment, the belt and rubber products business posted sales...
Sumitomo Rubber posted second quarter (January-June) results for fiscal 2024, showing revenue of 587.04 billion yen ($4.03 billion), up 4.6% year-on-year; operating profit of 42.29 billion yen, up 147.6%; and net income of 38.73 billion yen, up 372.5%. Sales revenue, operating profit, and net income were all record highs for the same period. By business segment, the tire business posted...
Japan Rubber Weekly recently sat down with Shinji Seimiya, president and COO of Yokohama Rubber, to talk about the company’s latest developments. Semiya is in charge of tire design and development, as well as manufacturing, quality, and and overseeing technology and production on a global scale. Under the new mid-term management plan Yokohama Transformation 2026 (YX2026), which started this year,...
Sumitomo Rubber will launch its next-generation all-season tire Synchro Weather on October 1. It is a revolutionary tire that combines the performance of a summer tire and a studless tire, and can be used on dry, wet, icy, snowy, and other road surfaces. The new Active Tread technology, which incorporates two switches, the Water Switch and the Temperature Switch, that...
Valqua’s results for the first quarter of the fiscal year ending March 31, 2025, showed sales of 61.74 billion yen ($419.94 million), down 0.7% year-on-year; operating income of 7.10 billion yen, down 20.0%; ordinary income of 7.40 billion yen, down 18.1%; and net income of 4.91 billion yen, down 27.2%. By segment, the sealing products business posted sales of 37.16...
For the first quarter of the fiscal year ending March 31, 2025 (April-June 2024), Fuji Latex posted sales of 1.81 billion yen ($12.30 milion), down 3.1% year-on-year; operating income of 94 million yen, down 4.9%; ordinary income of 102 million yen, up 19.0%; and net income of 71 million yen, up 13.5%. By segment, the medical equipment business posted sales...
