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...
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...
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...
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...
Mitsuboshi Belting Ltd. (TYO:5192) set a new company record for operating income in the fiscal year ending March 2017. This marks the company’s fourth straight year of record numbers in this category. The operating income figure was 8.28 billion yen ($74.28 million), up 8.5 percent over the previous year. Although a higher yen had a slight negative impact on net...
Japanese belt manufacturers are enjoying robust sales of general industrial transmission belts in China and Asia. Bando Chemical Industries Ltd. (TYO:5195) and Mitsuboshi Belting Ltd. (TYO:5192) both boasted strong sales in these regions in fiscal 2016. Sales continue to grow, centering on agricultural and industrial machinery transmission belts, a market with high expectations. Bando Chemical’s Industrial Products Division’s sales in...
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