automotive

Nitta’s Revenue and Profit Jump in First Half on Strong Semiconductor Products Demand

Nitta Corp. (TYO:5186) has reported a surge in revenue and profit for the first half of the fiscal year ending March 31, 2018. Sales rose to 36.48 billion yen ($319.79 million), up 14 percent from the same period last year, and net profit jumped 25.5 percent to 4.88 billion yen. Meanwhile, operating profit was up 15.2 percent at 2.87 billion...

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Nexen Tire Japan to Launch World’s First Hello Kitty Car Tire in Summer 2018

Nexen Tire Japan Inc. announced on Sep. 1 that it has agreed to team up with Sanrio Co. Ltd. (TYO:8136) to launch the world’s first Hello Kitty-themed automotive tire. Nexen Tire Japan is planning to launch the Hello Kitty tire in Japan in the summer of 2018 with a global launch also on the horizon. The Hello Kitty tire will...

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Interview: Musashi Oil Seal President Discusses Business Performance and Industry Trends

Oil seal manufacturer Musashi Oil Seal Mfg. Co. Ltd. prides itself on its wide product lineup, multi-item small-lot production capabilities and favorable reputation among customers. Japan Rubber Weekly recently sat down with company president Masahiro Muto to ask about the oil seal manufacturer’s business performance and management. Discussing Musashi Oil Seal’s recent business performance, Muto noted that the company made approximately...

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Denka Establishes New Department to Handle Automotive R&D Themes

Chemicals manufacturer Denka Co. Ltd. (TYO:4061) has set up an “Automotive Materials & Solutions Department” under the company’s Electronics & Innovative Products Division. The department will collectively handle new research and development themes undertaken at the request of business units within the Denka Group, with a focus on next-generation automobiles and automotive parts. Denka boasts a solid track record in serving...

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Sumitomo Riko Opens New Automobile Product Development Laboratory

Sumitomo Riko Co. Ltd. (TYO:5191) has set up the tentatively named New Automobile Product Development Laboratory at its plant in Komaki, Aichi Prefecture. The company is positioning the Laboratory as a major part of its management vision for 2020. The Laboratory will work with automakers to apply Sumitomo Riko’s “Smart Rubber” in developing new technologies. One such technology will check...

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Toyoda Gosei President Miyazaki Looking to Strengthen and Further Elevate Quality and Delivery

The efforts of business activities to date are beginning to come to fruition for Toyoda Gosei Co. Ltd. (TYO:7282), Toyota Motor Group’s sole manufacturer of rubber and resin automotive components. Speaking of his ambition in a recent interview, President Naoki Miyazaki said that 2016 is a year in which Toyoda Gosei is looking to make full-scale developments. However, Miyazaki said,...

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