Sumitomo Riko received the Aichi Invention Grand Prize, the highest prize, for the first time in the 2024 Aichi Invention Award sponsored by the Aichi Institute of Invention and Innovation. The company was awarded for MIF, a heat-dissipating sound-absorbing material. The Aichi Invention Award has been held by the association since 1980 to honor outstanding inventors in Aichi Prefecture for...
Maxell Kureha will raise the prices of all its products, including rubber sheets, by 5-20% from September 2, 2024. This will be the company’s first price revision since March 2023. The company said that, in addition to the successive increases in raw material prices, the main reasons for the price hikes are the sharp rise in electricity, gas, and other...
Oil seal manufacturer NOK has on June 26 launched a new global matrix structure, which combines two organizations, Business Function, a business axis, and Leading Function, a functional axis that connects 93 NOK group companies in Japan and overseas. The company will strengthen cooperation as Global One NOK and aim for further growth on a global scale. Under the new...
On June 14, Fujikura Composites held an online financial results meeting for the fiscal year ending March 31, 2024. For the period, net sales were down 7.1% year-on-year to 37.79 billion yen ($234.86 million), operating income was down 18.2% to 3.62 billion yen, ordinary income was down 24.2% to 3.90 billion yen, and net income was down 17.6% to 3.25...
Mitsuboshi Belting will construct a new four-story building at its Nagoya Plant in Komaki City, Aichi Prefecture, that will house both production lines and an automated warehouse distribution system. The investment will be approximately 6 billion yen ($37.43 million), with operations scheduled to begin in May 2026. The site area is set to be approximately 5,300 square meters and total...
Fuji Latex on June 7 held an online financial results briefing for the fiscal year ending March 31, 2024. For the period, net sales were 7.51 billion yen ($47.57 million), down 7.1% year-on-year; operating income was 439 million yen, down 42.2%; ordinary income was 382 million yen, down 47.7%; and net income was 289 million yen, down 44.0%. Sales fell...
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