Sumitomo Rubber Industries Ltd. (TYO:5110) has released its business results for the first three quarters of calendar 2020. But despite figures here being considerably down versus the same period last year, the company announced that it was making an upward revision to its projected results for this year as a whole. Sales revenue for the period came to 540.25 billion...
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The Japan Rubber Manufacturers Association (JRMA) held its 21st board of governors meeting on Oct. 29. But the JRMA’s anniversary commemoration, which had originally been planned for the same day, did not go ahead. Speaking at the board of governors meeting, Chairman Ikuji Ikeda said that while the JRMA had planned to commemorate its 70th anniversary – crossed on July...
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Showing no signs of subsiding, the COVID-19 pandemic continues to disrupt the world’s economic activities – and the Japanese rubber industry has been no exception to this. So how has the retread tire industry been affected? Japan Rubber Weekly asked a number of domestic tire companies to find out. A common sentiment in the sector was that the impact of...
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While economic conditions are taking a hit from COVID-19, Japan’s demand for infrastructure-related products has avoided any major slump, staying comparatively firm. The infrastructure maintenance sector makes use of a wide range of rubber and plastic products for all sorts of applications. This includes conveyor belts and hoses used for moving materials and dirt at building sites, as well as...
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After taking a hit from COVID-19, Gates Unitta Asia Co. (GUA) now sees signs of recovery as it heads into the third quarter of the calendar year. Japan Rubber Weekly recently sat down with Shuji Miyamoto, who serves as VP at the auto parts supplier, to get some insight into the company’s business results, overseas performance and management strategies. Miyamoto...
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Sumitomo Riko Co. Ltd. (TYO:5191) has revealed major downward trends in its business results for the first quarter of fiscal 2020. The company posted sales revenue of 65.38 billion yen ($620.49 million) for the quarter, down by 43.4 percent; an operating loss of 8.04 billion yen, down from a profit of 2.04 billion yen; and a net loss of 7.38...
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