business performance

Tokyo Zairyo Posts Decreased Sales and Net Profit, Record-High Ordinary Profit for 2018

Tokyo Zairyo Co. Ltd., a raw materials trading firm operating as part of the Zeon Group, recently posted a mixed bag of results for fiscal 2018. The company’s sales for the year fell 0.2 percent year-on-year to end at 93.12 billion yen ($863.67 million), with ordinary profit up 3.6 percent to 2.06 billion yen and net profit down 6.8 percent...

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Rubber Sheet Industry Sees Strong Demand From Major Customers But Faces High Raw Material Costs

Japanese rubber sheet manufacturers are showing largely positive business results for fiscal 2018. In addition to rubber sheets performing well in the automotive sector and the infrastructure and construction sector – which serve as the two primary sources of demand for such sheets – a healthy economy has led to activity in a wide range of other sectors too, causing...

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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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