business results

Mitsuboshi Belting Posts 37.2B Yen in Sales for First Half

Mitsuboshi Belting Ltd. (TYO:5192) recently posted its business results for the first half of fiscal 2019, revealing increased sales and decreased profits. The company’s sales rose 1.2 percent year-on-year to 37.2 billion yen ($340.04 million), with operating profit down 6.8 percent to 4.4 billion yen, ordinary profit down 17.6 percent to 4.33 billion yen and net profit down 13.2 percent...

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Bridgestone Makes Downward Revision to Projected Business Results for 2019

Bridgestone Corp. (TYO:5108) has made a downward revision to its earnings forecast for calendar 2019, with both sales and profit estimates being lowered from the company’s previous forecast. By Bridgestone’s estimates, tire demand for calendar 2019 is expected to see a particular drop in Europe, as well as in Asia – the latter being defined here as Thailand, Indonesia, India...

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Tokai Carbon Sees Strong Sales for January–September Following M&A Efforts

Tokai Carbon Co. Ltd. (TYO:5301) recently posted its business results for the first three quarters of calendar 2019, showing sales growth of 27.8 percent year-on-year to reach 198.62 billion yen ($1.76 billion). Operating profit fell 1.5 percent to 49.42 billion yen, while ordinary profit fell 3.9 percent to 48.99 billion yen and net profit fell 47.2 percent to 31.05 billion...

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Ube Industries Gets Strong First Half From Tire-Related Business Amid Otherwise Sideways Results

Ube Industries Ltd. (TYO:4208) recently released its business results for the first half of fiscal 2019, posting year-on-year decreases in sales and most profit metrics. The company achieved 335.06 billion yen ($3.08 billion) in sales for the half, down 3.8 percent from the same period last year; 16.76 billion yen in operating profit, up 11.4 percent year-on-year; 16.64 billion yen...

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Nitta Achieves Year-on-Year Increase to Belt, Rubber Product Sales for 2018

Nitta Corp. (TYO:5186) recently posted its results for fiscal 2018, revealing a total of 89.17 billion yen in annual sales – up by 22.2 percent year-on-year. On the profit side of the equation, the company made 5.66 billion yen in operating income, up 16.4 percent year-on-year; 11.47 billion yen in ordinary income, down 0.3 percent; and 8.97 billion yen in...

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Shin-Etsu Polymer Achieves Year-on-Year Increases to Sales, Profits

Shin-Etsu Polymer Co. Ltd. (TYO:7970) posted its business results for fiscal 2018 on April 25, revealing an increase to both sales and profits. The results show that the manufacturer of silicone molding materials generated 85.46 billion yen in sales for the year, up by 7.7 percent year-on-year. Operating profit came to 8.15 billion yen, up by 13.1 percent; ordinary profit...

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