business performance

Totaku Sees Strong Domestic Demand for Plastic Hoses in Semiconductor, Food Sectors

Totaku Industries Inc. is seeing a wave of strong demand for plastic hoses in Japan, with the company estimating that it has achieved year-on-year growth of 4–5 percent for the first half of fiscal 2018. Company president Kozo Toyoda said that Totaku has seen strong results across the board in its demand sectors, which include the semiconductor, food and civil...

Please subscribe to read the full story. [lwa template="modal" register="0"]Subscribe Free Trial
Continue Reading

Toyoda Gosei Settles for $59M in US Class Action Lawsuit

Toyoda Gosei Co. Ltd. (TYO:7282) recently announced that it has agreed to settle a class action lawsuit brought against the company by auto dealers and end consumers in the U.S. District Court for the Eastern District of Michigan. Toyoda Gosei will be required to pay $59 million for the settlement. Plaintiffs in the lawsuit alleged that Toyoda Gosei violated U.S....

Please subscribe to read the full story. [lwa template="modal" register="0"]Subscribe Free Trial
Continue Reading

Tokai Carbon Set to Hugely Outperform Targets From T-2018 Management Plan

Tokai Carbon Co. Ltd. (TYO:5301) appears likely to significantly exceed targets set under T-2018, the company’s medium-term management plan slated to end this fiscal year after a three-year run. Coming as a result of increased product prices and other such factors, the company now expects to post annual figures far above its initial targets of 110 billion yen ($990.23 million)...

Please subscribe to read the full story. [lwa template="modal" register="0"]Subscribe Free Trial
Continue Reading

Okamoto Sees Sales, Profits Rise for Q1 on Back of Strong Performance From Condom Business

Okamoto Industries Inc. (TYO:5122) has seen its sales for the first quarter of fiscal 2018 rise 6.2 percent year-on-year to 22.47 billion yen ($203.93 million), according to a recent release of business results for the period. These results also show the company’s operating profit for the quarter as having risen 2.1 percent to 2.89 billion yen, while ordinary profit was...

Please subscribe to read the full story. [lwa template="modal" register="0"]Subscribe Free Trial
Continue Reading

Toyo Tires Revises Annual Forecast Downward Following Extraordinary Loss, Shifting Conditions

Toyo Tire & Rubber Co. Ltd. (TYO:5105) has downwardly revised its results forecast for calendar 2018, lowering its projections for sales by 1.3 percent, operating profit by 4.3 percent, ordinary profit by 5.2 percent and net profit by 24.1 percent when compared to initial estimates. Explaining the adjustment to operating profit, company president Takashi Shimizu first said that while raw...

Please subscribe to read the full story. [lwa template="modal" register="0"]Subscribe Free Trial
Continue Reading

Sumitomo Rubber Downwardly Revises Results Forecast for 2018

Sumitomo Rubber Industries Ltd. (TYO:5110) has announced a downward revision to its forecast of business results for calendar 2018. Compared to the company’s initial forecast, the revision sees sales lowered by 1.1 percent, business profit by 6.8 percent and net profit by 10.4 percent. The main factor behind the revision is Sumitomo Rubber’s tire business, for which both sales and...

Please subscribe to read the full story. [lwa template="modal" register="0"]Subscribe Free Trial
Continue Reading

Send this to a friend