business performance

Bando Chemical Reports Rising Sales, Profits on Back of Strong Auto Parts Business

Bando Chemical Industries Ltd. (TYO:5195) has reported a year-on-year increase to both sales and profits for the first half of fiscal 2018. Sales for the half increased 5.3 percent over the same period last year to reach 48.2 billion yen, with operating profit up 23.4 percent to 3.81 billion yen, ordinary profit up 34.2 percent to 4.55 billion yen and...

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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...

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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....

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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)...

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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...

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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...

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