Sumitomo Riko Co. Ltd. (TYO:5191) recently posted record-high sales in cumulative results for the first three quarters of fiscal 2018. This comes despite profits falling under all metrics. Sales for the nine-month period came to 350.43 billion yen ($3.19 billion), up 2.8 percent year-on-year. Meanwhile, business profit – calculated by subtracting cost of sales, sales expenses and general administrative expenses...
Gates Unitta Asia Co. forecasts its domestic sales for general-purpose industrial belts for December 2018 will increase by around 5 percent year-on-year. In addition to the strong sales of its mainstay products for semiconductor manufacturing equipment, machine tools and industrial robots, demand for new electric vehicle (EV)-related applications also expanded. Sales for products used in food and packaging manufacturing equipment...
Major industrial rubber manufacturer Fujikura Rubber Ltd. (TYO:5121) recently obtained ISO 13485:2016 certification, the international standard for quality management systems of medical devices. In contrast to the ISO 9001:2015 standard, ISO 13485:2016 comes chiefly aimed at medical device manufacturers. It seeks conformity with regulatory requirements these devices, adding in risk management, cleanliness, pollution control and other such requirements specific to...
Bando Chemical Industries Ltd. (TYO:5195) has reported a year-on-year increase to both sales and profits for the first half of fiscal 2018. Sales for the half increased 5.3 percent over the same period last year to reach 48.2 billion yen, with operating profit up 23.4 percent to 3.81 billion yen, ordinary profit up 34.2 percent to 4.55 billion yen and...
Plastic hose manufacturer Toyox Co. Ltd. has launched two new products: an all-plastic hose connector that excels at chemical resistance and a fluorine hose that offers improved flexibility to help boost operational efficiency. Patents have been registered for both of these products. Using hoses to pipe acidic or alkaline chemical solutions is currently an area of concern for the industry,...
Glove manufacturer Towa Corporation Ltd. is set to move forward with expansion efforts from Aug. 1, 2019, adding new room to a Bangladeshi plant that produces gloves for the manufacturing industry. The company will invest around 100 million yen ($882,900) to achieve this. By adding a third floor to its current two-floor setup here, Towa Corporation will open up additional...
