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JSR Hikes Prices on Synthetic Rubber and Emulsion Products

JSR Corp. (TYO:4185) has raised its prices on synthetic rubber and emulsion products, starting with deliveries from Feb. 1. The company says that the hikes are in response to increased prices of raw materials in domestic naphtha. These come on the back of a weakening yen and the high price of crude oil, along with skyrocketing butadiene prices since last...

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Global Clients Need Global Supply Chains: JSR President Mitsunobu Koshiba

JSR Corp. (TYO:4185) has, for the first time since its founding, restructured its business according to applications, said President Mitsunobu Koshiba during a recent talk with Japan Rubber Weekly. In addition to other steps, this included the establishment of a Tire Materials Department in June 2016. With its history of starting synthetic rubber production as a statutory company, he said...

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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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Mitsui Chemicals to Launch Cooperative Logistics Network for Chemicals

Chemical company and synthetic rubber manufacturer Mitsui Chemicals Inc. (TYO:4183) is launching this autumn a cooperative logistics network for small-quantity chemical products. The network will be comprised of several companies that operate factories across Tokyo, Yokohama and Chiba prefecture. With a shortage of truck drivers continuing to worsen, the network aims to stabilize long-distance shipping for small-quantity chemical products such as...

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JSR Increases S-SBR Sales by 15% in Second Quarter

JSR Corp. (TYO:4185) has seen an improvement in the sales of its solution styrene butadiene rubber (S-SBR), with sales volume in the second quarter (July–September) of fiscal 2016 rising around 15 percent over that of the same quarter last year. While the company’s elastomer division has seen a second-quarter fall in revenue and profit on account of a strong yen...

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JSR Downwardly Revises Projected Business Results for 2016

Major Japanese synthetic rubber manufaturer JSR Corp. (TYO:4185) has downwardly revised its projected business results for fiscal 2016. Projected sales were adjusted to 367 billion yen ($3.51 billion), down 7.1 percent from 395 billion yen in the previous forecast. Operating income was revised to 26 billion yen, down 25.7 percent from 35 billion yen, while ordinary income is now projected...

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