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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Toyo Tires has upwardly revised its full-year forecasts for fiscal 2023. The company expects record-high sales, ordinary income, and net income. President Takashi Shimizu said that the company expects to achieve its operating income target of 60 billion yen ($409.9 million) for 2025 – the final year of its mid-term plan – two years ahead of schedule. According to the...
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Seal manufacturer Valqua’s first quarter (April-June 2023) results showed sales of 15.48 billion yen ($106.95 million), up 8.6% year-on-year; operating income of 2.0 billion yen, down 2.2%; ordinary income of 2.11 billion yen, down 4.1%; and net income of 1.38 billion yen, down 7.2%. By segment, the sealing products business posted sales of 9.81 billion yen, up 2.4%, and operating...
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Toyoda Gosei posted a 23.8% increase in revenue to 259.32 billion yen ($1.8 billion) in the first quarter (April-June 2023) of the fiscal year ending March 31, 2024. The company further increased operating income by 421.4% to 16.38 billion yen, and net income by 344.0% to 11.61 billion yen. By segment, sales revenue in Japan increased 23.7% to 107 billion...
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Zeon reported a 5.8% year-on-year decline in net sales to 91.9 billion yen ($648.9 million), a 43.0% drop in operating income to 6.1 billion yen, a 35.8% drop in ordinary income to 8.3 billion yen, and a 33.0% drop in net income to 5.8 billion yen for the first quarter of the year ending March 2024. In the elastomer materials...
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