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JSR’s Elastomers Business Posts 5.57B Yen Operating Loss for First Quarter

JSR Corp. (TYO:4185) recently revealed that its Elastomers business has taken a significant hit from the novel coronavirus, with this news coming as part of the company’s financial results for the first quarter of fiscal 2020. The quarterly results revealed a company-wide sales revenue of 93.09 billion yen ($877.9 million), down 22 percent year-on-year; an operating profit of 2.36 billion...

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JSR to Raise Prices of Synthetic Rubber and Emulsion Products by at Least 20 Yen per Kilogram

JSR Corp. (TYO:4185) has announced that it will be raising prices on synthetic rubber and emulsion products set to be delivered from July 1 onward. This is being applied to products manufactured at the company’s domestic Japanese plants, with prices raised by at least 20 yen ($0.19) per kilogram for both synthetic rubber and emulsion products. The extra revenue obtained...

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JSR, Zeon See Revenue and Earnings Fall for FY2019

The general performance of listed rubber companies has been compiled for fiscal 2019, during which the impact of the novel coronavirus pandemic began to become apparent. Among chemical companies, the elastomer business experienced lower revenue and earnings at synthetic rubber manufacturers JSR Corp. (TYO:4185) and Zeon Corp. (TYO:4205). This was attributable to a global slump among buyers in automobile and...

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JSR Forms Comprehensive Tie-up With Tokyo University’s Department of Physics

JSR Corp. (TYO:4185) recently announced that it has formed a comprehensive collaboration with the Department of Physics at the University of Tokyo’s Graduate School of Science. Joint research here started up on April 1. The first initiative under the tie-up is to establish a collaborative research base for bringing together physics and chemistry. Named the “JSR–UTokyo Collaboration Hub, CURIE,” this...

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JSR Sees Sales Revenue Decline 4.7% for FY2019

JSR Corp. (TYO:4185) recently posted its business results for fiscal 2019, revealing sales revenue of 471.97 billion yen ($4.4 billion) – down 4.7 percent year-on-year. The company’s operating profit for the year came to 32.88 billion yen, down 27.3 percent, while its net profit totaled 22.64 billion yen, down 27.4 percent. In the Elastomers segment specifically, JSR generated 178.79 billion...

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Rubber Industry Rushes to Counter Coronavirus Threat

Efforts in Japan to prevent the spread of novel coronavirus infection are moving forward at a rapid pace. On Feb. 25, Japan’s central government issued its basic policy on novel coronavirus countermeasures, with large-scale events postponed or canceled the following day. JRW has compiled the following report on concurrent efforts being undertaken in rubber-related industries. Many companies have instituted staggered...

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