Tokai Carbon’s results for the first nine months (January-September) of the fiscal year ending December 31, 2022, showed net sales of 246.33 billion yen ($1.76 billion), up 33.1 percent year-on-year; operating income of 28.02 billion yen, up 58.6 percent; ordinary income of 32.13 billion yen, up 83.1 percent; and net income of 16.12 billion yen, up 68.6 percent. In the...
financial results
Ube’s Synthetic Rubber Division Increases Sales with Price Increases
Ube posted first half (April-September) results for the fiscal year ending March 31, 2023, showing sales of 244.78 billion yen ($1.75 billion), down 20.2 percent year-on-year; operating income of 8.52 billion yen, down 55.4 percent; ordinary loss of 1.83 billion yen (against a profit of 17.90 billion yen in the same period last year); and net loss of 341 million...
[lwa template="modal" register="0"]Subscribe
Sumitomo Riko’s First Half Results Show Significant Recovery
Sumitomo Riko, a leading supplier of automotive rubber parts such as anti-vibration rubber, posted sales of 255.6 billion yen ($1.76 billion), up 22.7 percent year-on-year, business loss of 894 million yen (102 million yen profit in the same period last year), and quarterly loss of 4.794 billion yen (3.480 billion yen profit in the same period last year) in the...
[lwa template="modal" register="0"]Subscribe
NOK Raises Earnings Estimates for Second Half and Full Year
NOK, a leading manufacturer of O-rings, announced upward revisions to its second half and full-year earnings forecasts. According to the announcement, the company sees its second half sales forecast to remain largely unchanged from the previous forecast, but expects operating income to increase due to foreign exchange fluctuations and the passing on of selling prices following the sharp rise in...
[lwa template="modal" register="0"]Subscribe
Yokohama Rubber Sales up 28.8% in First Half
Yokohama Rubber’s sales increased by 28.8 percent year-on-year to 391.48 billion yen ($2.81 billion) in the first half (January-June) of the fiscal year ending December 31, 2022. Business profit for the period was 27.73 billion yen, up 5.3 percent; and net income was 23.31 billion yen, down 36.9 percent. The factors for increases and decreases at the business profit level...
[lwa template="modal" register="0"]Subscribe
Sumitomo Rubber Posts First Half Business Results – Part 2
This article follows part 1 in a series of 2 on Sumitomo Rubber’s first half financial results (January-June of the fiscal year ending December 31, 2022). Looking at Sumitomo Rubber’s performance by segment, the tire business posted sales revenue of 430.85 billion yen ($3.13 billion), up 16.7 percent year-on-year, and operating profit of 7.66 billion yen, down 67.4 percent. Japanese...
[lwa template="modal" register="0"]Subscribe