In its business results for the fiscal year ended March 31, 2023 (IFRS basis), Sumitomo Riko posted sales of 541.01 billion yen ($3.92 billion), up 21.3% year-on-year; business profit of 17.87 billion yen, up 176.3%; and net income of 6.68 billion yen, compared with a loss of 6.35 billion yen in the previous year. By business segment, sales in the...
NOK reported net sales of 709.96 billion yen ($5.19 billion), up 4.0% year-on-year, operating income of 15.37 billion yen, down 50.9%, ordinary income of 26.55 billion yen, down 42.5%, and net income of 13.32 billion yen, down 48.4%, for the fiscal year ended March 31, 2023. By segment, the sealing business posted sales of 347.06 billion yen, up 3.2%, and...
Toyoda Gosei, a member of the Toyota Group, has launched a large high-pressure hydrogen tank for fuel cell trucks that run on hydrogen, a market for which demand is expected to grow. The tanks are being used in the mass-market fuel cell light-duty trucks that Commercial Japan Partnership Technologies (CJPT), in which Toyota Motor, Isuzu Motors, and other companies have...
Industrial hose assembler and seller Do-Yamamoto has established Do-Yamamoto Engineering India in Karnataka, India, in order to respond to the expanding overseas plant market. Until now, Do-Yamamoto has been developing industrial hoses for energy, chemical, and industrial projects in Southeast Asia and the Middle East, but by establishing a local subsidiary in India, the company will strengthen its business base...
Okayasu Rubber has established on Aug. 1 a new wholly owned U.S. subsidiary, Okayasu Rubber America. The new company is located in San Antonio, Texas, and started operations on Nov. 1. Okayasu Rubber is a trading company of rubber products for the rubber industry that also has a production base. It has manufacturing and sales bases in Malaysia as well...
Dunlop Home Products, a Sumitomo Rubber Group company selling household, nursing, and medical products, launched on Dec. 1 a new line of rubber gloves for home use made from natural rubber. The gloves are marketed under the slogan of “Gloves Born From Trees: Simple Colors.” They are available in two colors, Monotone White and Monotone Black, to easily blend with...
