asahi rubber

Asahi Rubber Reports Record Sales and Profits for Fiscal 2016

Asahi Rubber Inc. (TYO:5162) has released its business results for the fiscal year ending March 2017. Orders were strong for the company’s main products such as Asa Color LED, RFID and rubber used for tags, medical equipment and table tennis rackets. Profitability also increased due to cost cutting and higher factory productivity, with record highs on a consolidated basis reported...

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Asahi Rubber Outlines Medium-Term Sales Targets, Proprietary Tech Plans

President Yoichiro Watanabe of Asahi Rubber Inc. (TYO:5162) recently went into detail on the company’s 12th three-year medium-term management plan, termed the V-2 Plan. The rubber product manufacturer, which works with automotive electronics, biotechnology and environmental products, aims to achieve 7–8 billion yen ($62.84–71.72 million) in consolidated sales and an 8-percent consolidated operating profit margin by the end of fiscal...

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Total Shipments of Asahi Rubber’s Asa Color LED Reach 1 Billion Pieces

The total shipments of Asahi Rubber Inc.’s (TYO:5162) Asa Color LED light emitting diodes reached 1 billion pieces in November. Asa Color LED offers more than 10,000 colors of homogenous light to illuminate in-vehicle devices by applying phosphor impregnated silicone rubber caps onto blue light emitting diodes. Therefore, the product is in high demand for automotive interior and special illumination...

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Japanese Rubber Companies Heavily Revise Earnings Projections

As companies are releasing their second-quarter earnings for the business year ending on March 31, 2017, some stand out for their revisions to projected full-year earnings. Cost-cutting boosted profits for some, while the higher yen hurt others. The following companies announced upward revisions to profit for the period: Achilles Corp. (TYO:5142), Okamoto Industries Inc. (TYO:5122), Mitsuboshi Belting Ltd. (TYO:5192), Tigers...

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Asahi Rubber to Boost LED Production

Asahi Rubber Inc., a manufacturer of automotive and medical rubber products, is planning capital investments worth approximately 543 million yen ($4.42 million) during the fiscal year ending in March 2016. The investments will inject 250 million yen ($2.03 million) into automotive, 95 million yen ($773,000) into medicine, 132 million yen ($1.07 million) into life sciences and 110 million yen ($895,000)...

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