business performance

Interview: Gates Unitta Asia VP Shuji Miyamoto Sees Recovery in Q3 of Calendar Year

After taking a hit from COVID-19, Gates Unitta Asia Co. (GUA) now sees signs of recovery as it heads into the third quarter of the calendar year. Japan Rubber Weekly recently sat down with Shuji Miyamoto, who serves as VP at the auto parts supplier, to get some insight into the company’s business results, overseas performance and management strategies. Miyamoto...

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Sumitomo Rubber Sees Signs of Better Than Expected Recovery in Tire Business

While concerns are there for Sumitomo Rubber Industries Ltd.’s (TYO:5110) tire business over a potential second wave of COVID-19, it is currently seeing better than expected recovery. Speaking recently as part of a recent business results briefing for the first half of calendar 2020, President Satoru Yamamoto said that although Sumitomo Rubber’s tire business can expect to see some degree...

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Toyo Tires Sees US Business Propped up by Strong Results for Large-Diameter Tires

Toyo Tire Corp. (TYO:5105) President Takashi Shimizu recently revealed that his company is performing well in the U.S. market, giving insight into the company’s operations here as part of a recent results announcement for the first half of calendar 2020. Commenting on these regional operations, Shimizu said that things are going quite well for Toyo Tires in the U.S., with...

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Fuji Latex Takes Hit to FY2019 Results Amid Overseas Sales Decline for Condoms

Fuji Latex Co. Ltd. (TYO:5199) has posted its business results for fiscal 2019, revealing sales revenue of 7.21 billion yen ($67.35 million) for a 13.5 percent year-on-year drop. For its profit metrics, the condom and medical products manufacturer posted 35 million yen in operating profit, down 94.1 percent; 33 million yen in ordinary profit, down 93.6 percent; and a net...

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JSR, Zeon See Revenue and Earnings Fall for FY2019

The general performance of listed rubber companies has been compiled for fiscal 2019, during which the impact of the novel coronavirus pandemic began to become apparent. Among chemical companies, the elastomer business experienced lower revenue and earnings at synthetic rubber manufacturers JSR Corp. (TYO:4185) and Zeon Corp. (TYO:4205). This was attributable to a global slump among buyers in automobile and...

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Mitsuboshi Belting Manages Profit Growth in Overseas Belting Business Despite Overall Results Slump

Mitsuboshi Belting Ltd. (TYO:5192) recently posted its business results for fiscal 2019, showing a sales revenue decline of 1.3 percent year-on-year to end at 71.05 billion yen ($649.07 million). The company’s operating profit for the year was down 10.2 percent to just under 7.3 billion yen, while ordinary profit was down 14.4 percent to a little under 7.66 billion yen...

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