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Daicel, Toyoda Gosei to Enter Into Capital Alliance, Strengthen Collaboration

Daicel Corp. (TYO:4202) and Toyoda Gosei Co. Ltd. (TYO:7282) have agreed to form a capital alliance in order to strengthen the two companies’ collaborative relationship. The two companies will cross-hold each other’s shares through acquiring equity from each other at about 1 billion yen ($9 million). The targeted areas for collaboration are safety fields, including airbags and fuel related businesses...

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Nishikawa Rubber Taps Yoshitomo Fukuoka to Be New President

Nishikawa Rubber Co. Ltd. (TYO:5161), a rubber manufacturer of automotive parts such as weatherstrips and seal material, unofficially selected a new president at a board meeting convened on May 12. The company offered the position of president and CEO to Managing Director Yoshitomo Fukuoka, aged 64. The decision will be formalized at a regular shareholder and board meeting scheduled for...

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Nitta Implements Capital Investment Plan With Direct Tie-in to Sales

Nitta Corp. (TYO:5186) is moving forward with a capital investment plan totaling at 4.5 billion yen ($40.38 million) for fiscal 2017, directly linking the investment to company sales. Included in this amount, says President Motonobu Nitta, are remaining funds from fiscal 2016’s budget, as only 3 billion of the allotted 4.8 billion for the year was used. Investment will mainly...

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Nippon System Kaihatsu Releases Latest Version of Rubber Mixing System

Nippon System Kaihatsu Co. Ltd. has released Version 4.3 of its Mixture Design Support System (MDSS), which assists in mixing raw materials for rubber. MDSS is a software that enables consolidated management and sharing of data categorized under material, process, operation flow and evaluation. By adding information to a database and centralizing its management, the software allows users to quickly...

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Dunlop Sports to Shift Golf Ball Sales Focus to Overseas Markets

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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Toyoda Gosei Announces Negative Sales Figures for Fiscal 2016

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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