Tigers Polymer Corp. (TYO:4231), a manufacturer of automotive intake system parts and synthetic resin hoses, recorded an increase in sales volume as well as in operating and pretax profits for the first quarter of fiscal 2016. Quarterly net profit, however, was slightly down after factoring in the nonrecurring expense of losses from the sale of fixed assets. Breaking down the...
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Nishikawa Rubber Co. Ltd. (TYO:5161) recorded significant increases in operating and pretax profits for the first quarter of fiscal 2016, despite sales being flat. With regards to quarterly net profit for the same April–June period, the company allocated reserves for the loss that it took on an antitrust law matter, the nonrecurring expense leading to a posted loss of 11.995...
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Kinugawa Rubber Industrial Co. Ltd. (TYO:5196) posted first quarter sales of 18.941 billion yen ($1.89 billion), marking a year-on-year decline of 2.2 percent. Operating profit for the same April–June period was similarly down, sitting at 1.774 billion yen after a 4.9 percent decrease. Meanwhile, pretax profit and quarterly net profit felt the brunt of exchange-rate losses. Pretax profit dropped 33.4...
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Major manufacturer of oil seals NOK Corp. (TYO:7240) posted first quarter sales of 147.11 billion yen ($1.454 billion) for April–June, representing a year-on-year decline of 16.5 percent. Operating profit, meanwhile, plummeted 96.8 percent, dropping down to 377 million yen. Furthermore, after having enjoyed pretax profits of 15.263 billion yen for the same period in 2015, this year NOK has reported...
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Toyoda Gosei Co. Ltd. (TYO:7282), Toyota Group’s sole manufacturer of rubber and plastic polymeric parts for automobiles, posted a year-on-year decline in sales volume for the first quarter, falling 5.1 percent to drop to 178.02 billion yen ($1.76 billion). Pretax profit likewise fell, dropping 5.4 percent for a mark of 7.352 billion yen. Toyoda Gosei’s revenue hits came on account...
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According to statistics recently collated by the Japan Belting Manufacturers Association, the production volume of resin belts for the first half of the year was 514,892 square meters, a 4 percent increase over that for the same period last year. By unit type, polyvinyl chloride (PVC) belts rose 1 percent and polyurethane belts were up 6 percent, with all other...
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