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...
Speaking with Japan Rubber Weekly in an interview, Mitsuboshi Belting Ltd. (TYO:5192) President Hajime Kakiuchi said that he sees the number of hybrid vehicles and electric cars increasing in Japan going forward. Because there are demands in the automotive sector to reduce vehicle weight in light of improving fuel efficiency, Mitsuboshi Belting will step up its efforts to develop resin...
Mitsuboshi Belting Ltd. (TYO:5192) saw improved business performance over the second quarter of fiscal 2016. With operating profit rising 7 percent year-on-year to hit 4.5 billion yen ($40 million), it was Mitsuboshi Belting’s best second quarter to date. While there was impact felt with the appreciating yen, the company ensured an increase in profit on account of a decline in...
Mitsuboshi Belting Ltd. (TYO:5192) has developed a new product in its Logistar series of resin belts for logistics, a high-performance incline conveyor belt suitable for transporting food items. The new Logistar belt employs a special polyurethane surface and complies with Japan’s Food Sanitation Act (Ministry of Health and Welfare Notification No. 370). This makes it possible to be safely used...
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