auto parts

Nishikawa Rubber Sees Strong First Half on Back of Automotive Turnaround

Nishikawa Rubber Co. Ltd. (TYO:5161) recently released its business results for the first half of the fiscal year ending March 2018. The company, which manufactures weatherstrips and other auto parts, posted sales of 44.29 billion yen ($390.32 million), up 4.7 percent year-on-year; an operating profit of 3.75 billion yen, down 3.5 percent and an ordinary profit of 4.54 billion yen,...

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Nitto Kako’s Rubber Business Sees 4.7% Growth in First Half

Nitto Kako Co., Ltd. (TYO:5104) recently released its business results for the first half (April–September) of the fiscal year ending March 2018. The company posted sales of 3.87 billion yen ($34.05 million), down 4.9 percent over the same period last year; an operating profit of 158 million yen, down 7.8 percent; an ordinary profit of 155 million yen, down 6.1...

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Sumitomo Riko President: Rapid Spread of EVs Demands a New Approach

Sumitomo Riko Co. Ltd. (TYO:5191) President Tetsu Matsui says that he feels a sense of crisis at the need for his company to adapt to the trend toward electric vehicles (EVs), which is moving faster than expected. As EVs become more prevalent, he said, there will be a reduction in use of anti-vibration rubber and hose products for internal combustion...

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Toyoda Gosei to Start Producing Automotive Parts at Saga Plant

Toyoda Gosei Co. Ltd. (TYO:7282) has announced it will start producing automotive parts at the company’s Saga Plant, which discontinued production of LEDs at the end of September 2016. The company has invested around 3.5 billion yen ($31.07 million) to prepare the plant to produce automotive parts. Production is set to start in May 2018 for airbag inflators, as well...

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Nishikawa Rubber’s Q1 Revenue and Profit Rise Alongside Automobile Production Volume

Nishikawa Rubber Co. Ltd. (TYO:5161) has reported 22.1 billion yen ($200.34 million) in sales, up 2.3 percent year-over-year, and 1.96 billion yen in operating profit, up 9.8 percent, for the first quarter of the fiscal year ending March 2018. Ordinary profit for the quarter increased 34.5 percent to 2.66 billion yen, while net profit was 1.91 billion yen, contrasting a...

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Toyoda Gosei to Acquire 100% Stake in Brazilian Automotive Parts Manufacturer

Toyoda Gosei Co. Ltd. (TYO:7282) has announced that it will acquire a 100 percent stake in Pecval Industria Ltda., a Brazilian-based manufacturer of automotive interior and exterior parts, by December 2017. Pecval is currently a joint venture between Toyoda Gosei and Shimizu Industry Co. Ltd. Now, however, the two companies have agreed that Toyoda Gosei will acquire a full ownership...

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