Tokyo Zairyo Co. Ltd., a raw materials trading firm under the Zeon Group, has posted its business results for fiscal 2021 – revealing sales revenue of 47.11 billion yen, ordinary profit of 2.46 billion yen and net profit of just under 1.7 billion yen. With the company having applied changes including a new revenue recognition standard from the start of...
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Bando Chemical Industries Ltd. has released its business results for fiscal 2021, revealing growth in both revenue and income. The company’s sales revenue reached 93.74 billion yen, up 15.2 percent year-on-year; and its core operating income came to 5.88 billion yen, up 19.1 percent. Taking a deeper look at the results, Bando Chemical’s auto parts business saw its sales revenue...
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Mitsuboshi Belting Ltd. (TYO:5192) has reported increases to both sales and profits for the fiscal year through March 2022. Sales increased 15.4 percent from the previous year to 74.87 billion yen ($580 million), while operating income increased 53.8 percent to 7.64 billion yen. The company noted that business began to recover gradually during the second half of fiscal 2020, with...
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Asahi Kasei Corp. (TYO:3407) has reported its business performance for the fiscal year ended March 2022. The company posted net sales of 2.46 trillion yen ($19.21 billion), up 16.9 percent year-on-year; operating income of 202.647 billion yen, up 17.9 percent; ordinary income of 212.052 billion yen, up 19.1 percent; and net profit of 161.88 billion yen, up 102.9 percent. Performance...
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The first quarter of calendar 2022 saw Sumitomo Rubber Industries Ltd. (TYO:5110) post IFRS-based results that included 250.51 billion yen ($1.96 billion) in sales revenue, marking a 17.2 percent year-on-year increase. The tire business contributed to that amount with 210.87 billion yen of sales revenue, up 16.9 percent, as well as a 20.5 percent year-on-year increase in operating profit to...
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Denka Co. Ltd. (TYO:4061) has posted sales revenue of 384.85 billion yen ($3.02 billion) for fiscal 2021, up 8.6 percent year-on-year; an operating income of 40.12 billion yen, up 15.5 percent; ordinary income of 36.47 billion yen, up 13.5 percent; and net income of 2.01 billion yen, up 14.2 percent. Each of these figures mark new record highs for the...
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