fukoku

Japanese Rubber Companies Heavily Revise Earnings Projections

As companies are releasing their second-quarter earnings for the business year ending on March 31, 2017, some stand out for their revisions to projected full-year earnings. Cost-cutting boosted profits for some, while the higher yen hurt others. The following companies announced upward revisions to profit for the period: Achilles Corp. (TYO:5142), Okamoto Industries Inc. (TYO:5122), Mitsuboshi Belting Ltd. (TYO:5192), Tigers...

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Amid Limelight on China, Japanese Rubber Industry Quietly Continues Expansion Into Europe

The period since the 1960s has seen a spurt of overseas expansion from Japanese companies involved in the rubber industry. This expansion has followed through from moving into Korea and Southeast Asia, centering on Taiwan, in the 1970s to North America in the 1980s and, since 2000, through into China and the ASEAN region. Recently, momentum has been gaining also...

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Overseas Sales Bolster Fukoku’s First Half Performance

Fukoku Co. Ltd., a manufacturer of automobile rubber parts, enjoyed a 6.5 percent advance in consolidated net sales year-on-year for the first six months (April–September) of fiscal 2015, Executive Vice President Akira Inohara said. This result, aided by increased earnings at Fukoku subsidiaries in all regions, continues on last year’s solid showing. Net sales were 22.8 billion yen ($185.36 million)...

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