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...
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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...
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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...
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Bando Chemical’s first half (April-September) results (IFRS) showed revenue of 52.2 billion yen ($378.70 million), up 13.1 percent year-on-year; and core operating profit of 3.65 billion yen, down 16.6 percent. Sales of products remained strong despite the lingering impact of the coronavirus pandemic. Sales also increased due to the weaker yen. On the other hand, the cost of sales ratio...
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Toyo Tires reported net sales of 350.43 billion yen ($2.56 billion), up 23.9 percent year-on-year, operating income of 31.39 billion yen, down 20.9 percent, ordinary income of 45.29 million yen, up 8.4 percent, and net income of 44.77 billion yen, up 55.1 percent, for the nine months (January-September) of the fiscal year ending December 31, 2022. Operating income saw increases...
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Achilles reported financial results for the first half (April – September) of the fiscal year ending March 31, 2023, with net sales of 40.8 billion yen ($292.85 million), up 12.0 percent year-on-year; an operating loss of 102 million yen (a profit of 608 million yen in the previous year); ordinary income of 489 million yen, down 42.8 percent; and net...
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