Sumitomo Rubber reported financial results for the year ended December 2022, with net sales of 1.10 trillion yen ($8.20 billion), up 17.4% year-on-year, operating income of 22.00 billion yen, down 57.7%, and net income of 9.42 billion yen, down 68.1%. President Satoru Yamamoto said, “Sales revenue increased due to sales growth mainly in the tire and sports businesses, but operating...
Bridgestone has posted its financial results for calendar 2022, revealing annual revenue of 4.11 trillion yen ($30.62 billion) – an increase of 26.6% year-on-year. The company’s adjusted operating profit for the year came to 482.63 billion yen, up 24.4%, while its net profit was 305.51 billion yen, down 0.8%. Also included in the financial results was an overview of factors...
Toyoda Gosei has revealed its cumulative business results for the first three quarters of fiscal 2022, showing a year-in-year drop in Japanese performance but an improvement in multiple overseas markets. The company’s revenue for the period came to 701.81 billion yen ($5.25 billion), up 16.9 percent year-on-year; meanwhile, its operating profit was up 24.7 percent to 23.69 billion yen, and...
Fluororubber manufacturer Daikin Industries reported sales of 2,985.67 billion yen ($22.83 billion) for the nine months of the fiscal year ending March 31, 2023, up 29.7% year-on-year. Operating profit was 303.76 billion yen, up 17.1%, ordinary profit was 299.26 billion yen, up 12.3%, and net profit was 208.95 billion yen, up 16.9%. By segment, the Chemicals business posted sales of...
Synthetic rubber manufacturer Zeon in the elastomer materials business reported sales of 111.41 billion yen ($839.56 million), up 12.7 percent year-on-year, and operating profit of 9.33 billion yen, down 13.9 percent in the first half (April-September) of the fiscal year ending March 2023. Sales volume of synthetic rubber remained steady. Commodity synthetic rubber volumes were firm due to high tire...
On Nov. 29, Lanxess Japan President and Representative Director Jacques Perez gave a business update at the Shin-Marunouchi Building Conference Square. For the first nine months of 2022, Lanxess reported net sales of 6.12 billion euros ($6.45 billion), up 38 percent year-on-year, and EBITDA of €755 million, up 17 percent. With regard to the forecast for 2022, the company says...
