financial results

Fukoku’s Sales up 10% in First Half

Automotive rubber parts maker Fukoku posted sales of 42.95 billion yen ($291.76 million), up 10.2% year-on-year, operating profit of 1.06 billion yen, up 29.6%, recurring profit of 1.39 billion yen, down 23.2%, and net profit of 1.047 billion yen, down 28.7% in the first half (April-September) of the fiscal year ending March 2024). Sales were affected by the economic slowdown...

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Mitsuboshi Belting Posts Increasing Sales of Mainstay Automotive Belts in First Half

Mitsuboshi Belting’s results for the first half (April-September 2023) of the fiscal year ending March 2024 showed an increase in sales of its mainstay automotive belts, but a decline in sales and profits from general industrial and OA equipment use. With the company raising product prices in 2021 and 2022, it said that this led to a buildup of market...

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Achilles Posts First Half Results, Sales Down 6%

Rubber products maker Achilles posted sales of 38.18 billion yen ($258.94 million) in the first half of the fiscal year ending March 2024 (April-September 2023), down 6.4% year-on-year. The company posted an operating loss came of 519 million yen (vs. a loss of 102 million yen in the same period last year), an ordinary loss of 45 million yen (vs....

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Fuji Latex Sales Down 7% in First Half, New Condom Material Performs Well

In the second half of the fiscal year ending March 2024 (April-September 2023), Fuji Latex posted sales of 3.86 billion yen ($25.63 million), down 7.3% year-on-year; operating profit of 247 million yen, down 33.7%; ordinary profit of 239 million yen, down 35.2%; and net profit of 173 million yen, down 32.6%. Net income was 173 million yen, down 32.6%. By...

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Shin-Etsu Polymer Reports First Half Results, Expects Increasing Silicone Rubber Molding Products Demand

Shin-Etsu Polymer reported net sales of 53.45 billion yen ($353.19 million), up 1.7% year-on-year, operating income of 5.88 billion yen, down 11.4%, ordinary income of 6.4 billion yen, down 13.3%, and net income of 4.61 billion yen, down 8.3% for the first half (April-September) of the fiscal year ending March 2024. The company said that while shipments of automotive input...

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Zeon Posts First Half Results, Elastomer Business Sales Down 6%

Zeon Corporation has posted a 6.1% year-on-year decline in sales to 185.44 billion yen ($1.23 billion), a 53.1% drop in operating income to 9.46 billion yen, a 46.6% decline in ordinary income to 13.03 billion yen, and a 40.5% drop in net income to 10.35 billion yen in the first half (April-September) of the fiscal year ending March 2024. In...

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