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Mitsuboshi Belting Targets R&D, Increased Production in Largest Ever Plan for Capital Investment

on June 3, 2019 in Market Background, Products

Mitsuboshi Belting Ltd. (TYO:5192) is setting aside approximately 5.7 billion yen ($52.64 million) for capital investments in fiscal 2019, marking a 74 percent increase over fiscal 2018 to make for the company’s largest ever year of such investments. This will go toward updating and expanding the company’s production facilities, both in Japan and abroad; enriching test research facilities; and reconstructing...

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Japan’s Transmission Belt Production Rises 2% Year-on-Year for 2017

on June 19, 2018 in Industry

The Japan Belting Manufacturers Association recently released statistics showing Japan’s domestic production of transmission belts to have increased 2 percent year-on-year for 2017, reaching a total of 11,985 tons. While automotive demand stalled, demand for general industrial applications was solid. Increased demand was seen for applications such as semiconductor manufacturing equipment, injection molding machines, machine tools and industrial robots. Looking...

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Mitsuboshi Belting Gains 6.6% in Belt Sales Over First Three Quarters

on February 14, 2018 in Products

Mitsuboshi Belting Ltd. (TYO:5192) has posted approximately 53.2 billion yen ($492.7 million) in total sales for the first three periods of fiscal 2017. This represents an increase of 6.6 percent over the same period for the previous year. The company made gains in operating profit as well, recording a 6 percent year-on-year increase to hit approximately 6.91 billion yen. Ordinary...

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Mitsuboshi Belting Launches Upgraded Tension Meter for Transmission Belts

on January 30, 2018 in Products

Mitsuboshi Belting Ltd. (TYO:5192) has launched sales as of the end of last year for the Doctor Tension Type-IV, a sonic tension meter that helps maximize conveyor belt function. The device, which uses sound waves to measure optimum tension in transmission belts, can be used with a wide range of belt designs – including timing belts, flat belts, V-belts and...

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Mitsuboshi Belting Posts Record-High Earnings for Second Quarter

on November 22, 2017 in Products

Conveyor and transmission belt manufacturer Mitsuboshi Belting Co. (TYO:5192) has posted approximately 35.59 billion yen ($316.92 million) in total sales for the July–September period of fiscal 2017. This represents an increase of 7.1 percent over the same period for the previous year. The company also set record highs for the second quarter for operating profit, ordinary profit and quarterly net...

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Mitsuboshi Belting Reports Flat Sales, Moves Forward With Value-Added Products

on June 30, 2017 in Products

Mitsuboshi Belting Ltd. (TYO:5192) has reported 56.48 billion yen ($504 million) in sales for its belt business for the fiscal year ending March 2017, down 1.7 percent from a year prior. The company forecasts no domestic sales growth for its belt business for the current fiscal year. A decline of domestic farms and agricultural equipment retailers has led to shrinking...

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