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 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 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 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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Toyoda Gosei Co. Ltd. (TYO:7282) posted IFRS-based 721.5 billion yen ($6.61 billion) in sales revenue for the fiscal year ending March 2021, marking an 11.2 percent drop from the previous fiscal year. Operating income was 36.48 billion yen, up 103.9 percent annually, while net profit was 35.21 billion yen, up 213.6 percent. While sales increased as major customers in China...
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Zeon Corp. (TYO:4205) has posted its business results for fiscal 2020, revealing sales revenue of 301.96 billion yen ($2.77 billion), down 6.2 percent year on year, and an operating income of 33.41 billion yen, up 28 percent. Speaking at the results briefing, company director Kazuyoshi Matsuura said that with customer industries having made a recovery in recent months, the January–April...
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