Toyoda Gosei has invested in KG Motors, a startup developing and manufacturing compact battery electric vehicles (BEVs) for single-passenger use. KG Motors aims to promote economical and environmentally friendly mobility suited to short-distance travel in regions where maintaining public transportation has become difficult due to depopulation. Centering on its proprietary monocoque body technology — a lightweight, high-rigidity vehicle structure integrating...
Products
Rubber Hose Production and Shipments Increase in First Half
According to statistics compiled by the Japan Rubber Hose Manufacturers Association based on data from the Ministry of Economy, Trade and Industry (METI), rubber hose production and shipment results for January–June 2025 showed year-on-year growth. Production volume (new rubber consumption) reached 16,326 tons, up 2.7% from the same period last year, while shipment value totaled 69.98 billion yen, up 6.1%....
Odaka Rubber Sees Demand Potential from U.S. Steel Acquisition
For the fiscal year ending March 31, 2025, Odaka Rubber Industries posted higher sales and profits compared with the previous year. Although sales of winding cores for film products were sluggish, sales of rolls for steelmaking—accounting for about 70% of total revenue—remained firm. The steady replacement of existing products with higher-value-added alternatives drove operating profit growth of roughly 15%. Despite...
Fukoku Reports First Quarter Results, Sales Stable
Fukoku reported its financial results for the first quarter of the fiscal year ending March 31, 2026. Net sales reached 22.72 billion yen ($154.71 million), up 2.2% year-on-year, while operating profit rose slightly to 1 billion yen, a 2.1% increase. Ordinary profit fell sharply to 917 million yen, down 28.8%, and net profit decreased 33.2% to 493 million yen. By...
Operating Profit Up Sharply in First Quarter: Fuji Latex
Fuji Latex announced its financial results for the first quarter of the fiscal year ending March 31, 2026 (April–June 2025), reporting net sales of 1.73 billion yen ($11.78 million), down 4.9% year-on-year. Operating profit rose sharply to 163 million yen, a 72.2% increase, while ordinary profit reached 148 million yen, up 45.0% year-on-year. However, the company posted a net loss...
Nitta Reports Lower Profit on Stable Sales: First Quarter Results
Nitta announced its financial results for the first quarter of the fiscal year ending March 31, 2026 (April–June 2025), reporting net sales of 21.63 billion yen ($147.29 million), essentially unchanged from the same period last year. Operating income fell 5.7% to 1.10 billion yen, ordinary income declined 11.9% to 3.17 billion yen, and net income decreased 9.0% to 2.74 billion...