Mitsuboshi Belting Ltd. (TYO:5192) is setting aside approximately 5.7 billion yen ($52.64 million) for capital investments in fiscal 2019, marking a 74 percent increase over fiscal 2018 to make for the company’s largest ever year of such investments. This will go toward updating and expanding the company’s production facilities, both in Japan and abroad; enriching test research facilities; and reconstructing...
Belt manufacturer Bando Chemical Industries Ltd. (TYO:5195) is focusing on growing its business for medical and health care equipment – a sector where demand is expected to grow going forward. As part of this approach, the company recently spent 10.55 billion yen ($96.48 million) on acquiring Aimedic MMT Co. Ltd., which handles production, sales and afterservice for plastic surgery equipment....
Nitta Corp. (TYO:5186) recently posted its results for fiscal 2018, revealing a total of 89.17 billion yen in annual sales – up by 22.2 percent year-on-year. On the profit side of the equation, the company made 5.66 billion yen in operating income, up 16.4 percent year-on-year; 11.47 billion yen in ordinary income, down 0.3 percent; and 8.97 billion yen in...
Buss Japan Ltd., the Japanese subsidiary of Swiss-based specialist kneader manufacturer Buss AG, has launched full-scale domestic sales for Compeo, a new series of continuous kneaders. Built upon the technologies that Buss has built up over its history in the kneader industry, the Compeo series allows for a single unit of equipment to cater to various applications and a wide...
Shin-Etsu Polymer Co. Ltd. (TYO:7970) posted its business results for fiscal 2018 on April 25, revealing an increase to both sales and profits. The results show that the manufacturer of silicone molding materials generated 85.46 billion yen in sales for the year, up by 7.7 percent year-on-year. Operating profit came to 8.15 billion yen, up by 13.1 percent; ordinary profit...
The Australian Open, one of the four Grand Slam tennis tournaments, made waves in Japan this year when Japanese player Naomi Osaka won the women’s singles title. Behind the scenes, meanwhile, Sumitomo Rubber Industries Ltd. (TYO:5110) supported the tournament by supplying Dunlop-branded tennis balls. Sumitomo Rubber supplied 15,000 sets of a dozen balls each for the tournament and its preliminary...
