Sumitomo Riko Co. Ltd. (TYO:5191) on June 1 launched a new size in the company’s SR Soft Vision series of body pressure sensors. The new product is half the size of other products in the line and covers the torso from shoulders to hips. The product series uses smart rubber (SR) sensor technology developed by Sumitomo Riko to form sheet...
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Japanese belt manufacturers are enjoying robust sales of general industrial transmission belts in China and Asia. Bando Chemical Industries Ltd. (TYO:5195) and Mitsuboshi Belting Ltd. (TYO:5192) both boasted strong sales in these regions in fiscal 2016. Sales continue to grow, centering on agricultural and industrial machinery transmission belts, a market with high expectations. Bando Chemical’s Industrial Products Division’s sales in...
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Sumitomo Riko Co. Ltd. (TYO:5191) recently debuted a low-density ethylene propylene diene monomer (EPDM) hose made from the company’s newly developed lightweight reinforcement material. The hose was revealed at the Automotive Engineering Exposition 2017 held at the Pacific Convention Plaza Yokohama May 24 through May 26. Developed in order to reduce automotive energy consumption, the hose is based on a...
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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 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 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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