business results

Tokyo Zairyo Sees Business Results Drop Due to COVID-19, US–China Trade Tensions

Tokyo Zairyo Co. Ltd. has posted its business results for fiscal 2020, showing a hit to its performance across the board. Sales revenue for the raw materials-focused trading firm fell 10.4 percent year-on-year to 77.7 billion yen ($699.65 million), while ordinary profit fell 27.2 percent to 1.9 billion yen and net profit fell 35.5 percent to 1.35 billion yen. In...

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Toyo Tires Posts Sales and Profit Growth for January–March Quarter

Toyo Tire Corp. (TYO:5015) has released its business results for the first quarter of calendar 2021, revealing a marked increase to both sales and profit metrics. The company posted 87.74 billion yen ($798.67 million) in sales revenue, up 6.9 percent year-on-year; 12.7 billion yen in operating profit, up 83.1 percent; 16.01 billion yen in ordinary profit, up 328.3 percent; and...

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Asahi Kasei Projects Sales and Income Growth for 2021 Following Decline in 2020

Asahi Kasei Corp. (TYO:3407) has reported its business results for fiscal 2020, showing a year-on-year decline to both sales and income metrics. The company posted sales revenue of 2.11 trillion yen ($19.33 billion), down 2.1 percent year-on-year; operating income of 171.81 billion yen, down 3.1 percent; ordinary income of 178.04 billion yen, down 3.2 percent; and net income of 79.77...

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Sumitomo Riko Sees Profits Decline for FY2020 Despite Strong Performance From High-Pressure Hoses

Sumitomo Riko Co. Ltd. (TYO:5191) recently posted its business results for fiscal 2020. The company revealed 397.94 billion yen ($3.66 billion) in sales revenue, down 10.6 percent year-on-year; 7.86 billion yen in business profit, down 30.6 percent; and a net loss of 4.96 billion yen, down from a net profit of 881 million yen in fiscal 2019. While sales for...

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Mitsui Chemicals Reports Mixed Bag of Results for 2020; Anticipates Surge in Chinese EPDM Sales

Mitsui Chemicals Inc. (TYO:4183) has posted its results for fiscal 2020. The company recorded 1.21 trillion yen ($11.09 billion) in sales revenue for the year, down 10.2 percent year-on-year; 85.14 billion yen in core operating income, up 17.7 percent; and 57.87 billion yen in net income, up 70.4 percent. This marks a new record high for the company’s core operating...

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Tokai Carbon Looks to Boost Carbon Black Profitability With New Management Plan

Tokai Carbon Co. Ltd. (TYO:5301) President Hajime Nagasaka has unveiled T-2023, the company’s new three-year medium-term management plan. The company aims to end the plan in fiscal 2023 with record-high sales revenue of 320 billion yen ($2.94 billion), as well as operating income of 57 billion yen, an ROS figure of 18 percent and an EBITDA of 86 billion yen....

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