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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Sumitomo Riko’s first half (April-September 2023) results (IFRS) showed net sales of 297.88 billion yen ($1.98 billion), up 16.5% year-on-year; operating income of 12.78 billion yen, compared with a loss of 894 million yen in the same period of the previous year; and net income of 5.83 billion yen, compared with a loss of 4.79 billion yen. By business segment,...
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Automotive rubber parts maker Nishikawa Rubber reported first quarter (April-June) net sales of 27.39 billion yen ($187.90 million), up 21.5% year-on-year, operating income of 731 million yen (compared to a loss of 379 million yen in the same period last year), ordinary income of 1.74 billion yen, up 286.2%, and net income of 1.33 billion yen, up 426.9%. The company...
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The four major Japanese tire makers have reported their first-half (January-June) results for the fiscal year ending December 31, 2023. All four companies achieved record-high sales, driven by a weak yen and a recovery in sales of tires for new vehicles. Moreover, Bridgestone, Sumitomo Rubber and Toyo Tires secured higher operating income (adjusted operating income for Bridgestone, and operating income...
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Okamoto reported a 12.1% year-on-year rise in sales to 25.28 billion yen ($172.75 million), a 26.5% rise in operating income to 2.2 billion yen, a 27.7% rise in ordinary income to 3.27 billion yen, and a 68.5% rise in net income to 2.74 billion yen for the first quarter of this fiscal year (April-June 2023). By segment, sales of industrial-use...
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In the first quarter of the fiscal year ending March 31, 2024 (April-June 2023), chemical and rubber manufacturer Denka’s sales fell 6.9% year-on-year to 87.82 billion yen ($603.63 million), operating income fell 43.0% to 2.79 billion yen, ordinary income fell 53.7% to 2.38 billion yen, and net income fell 47.1% to 2.29 billion yen. By segment, the Elastomers & Infrastructure...
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