business performance

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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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...

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Bridgestone Sees Higher Sales, Lower Operating Profit for First Half of 2018

Bridgestone Corp. (TYO:5108) has released its business results for the first half of calendar 2018, showing 1.9 percent year-on-year sales growth to total 1.78 trillion yen ($15.98 billion) for the period. Meanwhile, the company’s operating profit fell 1.4 percent to 199.43 billion yen, ordinary profit was down 2.6 percent to 190.76 billion yen, and net profit was up 2.1 percent...

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Zeon’s Elastomer Business Sees Rising Sales, Falling Profits for First Quarter

Zeon Corp. (TYO:4205) has released its results for the first quarter of fiscal 2018, showing its sales for the period as having risen 1.1 percent year-on-year to reach 83.67 billion yen ($754.26 million). Meanwhile, the company’s operating profit was down 13 percent to 8.46 billion yen, while its ordinary profit fell 10.6 percent to 9.66 billion yen and its net...

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