NOK reported a 5.7% year-on-year increase in net sales to 750.50 billion yen ($4.47 billion), a 49.0% increase in operating income to 22.91 billion yen, a 51.7% increase in ordinary income to 40.29 billion yen, and a 137.2% increase in net income to 31.60 billion yen for the fiscal year ending March 31, 2024. “Although the company did not reach...
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Sakura Rubber Sales up 25% in FY2023
Sakura Rubber’s fiscal 2023 results showed sales of 13.35 billion yen ($85.19 million), up 24.9% year-on-year; operating income of 1.14 billion yen, up 166.9%; ordinary income of 1.11 billion yen, up 170.4%; and net income of 733 million yen, up 133.5%. Among segments, the firefighting and disaster prevention business posted sales of 8.72 billion yen, up 28.8%, and operating profit...
Nishikawa Rubber Reports Annual Results, Sales up 20%
Nishikawa Rubber reported a 20.1% year-on-year increase in net sales to 117.9 billion yen ($751 million), a 791.3% increase in operating income to 6.85 billion yen, a 301.1% increase in ordinary income to 9.15 billion yen, and a 176.9% increase in net income to 5.84 billion yen for the fiscal year ended March 31, 2024. By segment, sales in Japan...
Tiger Polymer Posts Fiscal 2023 Results
Tigers Polymer’s results for the fiscal year ending March 31, 2024, showed sales of 47.86 billion yen ($304.97 million), up 5.7% year-on-year; operating income of 3.19 billion yen, up 192.9%; ordinary income of 4.29 billion yen, up 129.2%; and net income of 3.02 billion yen, up 269.9%. By segment, sales in Japan increased 1.8% to 21.93 billion yen, and operating...
Nitta Posts Financial Results, Sees Opportunity in Semiconductor-related Business
Nitta announced net sales of 88.61 billion yen ($565.29 million), up 0.7% year-on-year; operating income of 4.42 billion yen, down 11.4%; ordinary income of 12,01 billion yen, down 6.9%; and net income of 9.68 billion yen, down 9.2%, for the fiscal year ending March 31, 2024. “Sales were decent, but profits fell sharply due to a slower-than-expected decline in the...
Bando Chemical Invests in Agricultural AI Startup
Bando Chemical has invested in Inaho, a company that provides services for manufacturers focusing on automated agricultural harvesting robots using AI. With the mission of making farming more sustainable with technology, Inaho is a startup company that supports the resolution of management issues in agriculture through the use of AI and Robotics. To this end, it is working on the...