business performance

Toyo Tires Records 3.8% Drop in Sales for Q1 of 2019

Toyo Tire Corp. (TYO:5105) recently posted its results for the first quarter of calendar 2019, showing overall sales of 90.14 billion yen ($817.75 million) for the period. This marks a decrease of 3.8 percent from the same quarter last year. The company’s operating profit for the quarter was similarly down 4 percent year-on-year to 10.17 billion yen, with ordinary profit...

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Sagami Rubber Industries Records 5.9% Sales Increase for Fiscal 2018

Sagami Rubber Industries Co. Ltd. (TYO:5194) recently posted its business results for fiscal 2018. The company recorded sales of 6.26 billion yen ($56.62 million), up 5.9 percent year-on-year; operating profit of 1.12 billion yen, down 24.1 percent; ordinary profit of 916 million yen, down 48.3 percent; and net profit of 553 million yen, down 57.7 percent. By segment, Sagami Rubber...

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Mitsui Chemicals Mobility Segment Sees Double-Digit Sales Increase for Fiscal 2018

Mitsui Chemicals Inc. (TYO:4183) recently released its business results for fiscal 2018. The company’s overall sales for the period totaled 1.48 trillion yen ($13.47 billion), up 11.6 percent year-on-year. Operating profit was 93.43 billion yen, down 9.7 percent year-on-year; ordinary profit was 102.97 billion yen, down 6.6 percent; and net profit was 76.12 billion yen, up 6.3 percent. Mitsui Chemicals’...

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Major Tire Companies Plan Production Increases for 2019 While Projecting Rising Sales, Falling Profits

Japan’s four major tire manufacturers have now posted their earnings forecasts for calendar 2019, with the general trend of expectations here pointing to increased sales and decreased profits. And amid this, all four of the companies are planning increases to their production capacity. While a number of factors make 2019 a difficult year to predict – including the U.S.–China trade...

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Showa Denko Posts Major Increase to Sales and Income, Strong Propylene Results

Showa Denko KK (TYO:4004) recently revealed that it achieved an increase to both sales revenue and income for calendar 2018. The company posted sales of 992.14 billion yen ($8.97 billion) for the year, up by 27.1 percent over figures from 2017. Meanwhile, operating income was up 131.6 percent year-on-year to reach just over 180 billion yen, with ordinary income up...

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Kuraray Posts Drop in Profits for 2018 Despite Significant Increase to Sales

Kuraray Co. Ltd. (TYO:3405) recently posted its full-year results for 2018, showing a significant increase to sales but a decrease in all profit metrics. While the company’s sales rose by 16.3 percent year-on-year to reach almost 603 billion yen ($5.45 billion), its operating profit fell 13.8 percent to 65.79 billion yen, with ordinary profit down 17.6 percent to 61.17 billion...

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