Mitsuboshi Belting Ltd. (TYO:5192) is looking to build a new plant in India for the manufacture of automotive transmission belts and other products. Investment here will come to approximately 3.6 billion yen ($32.64 million), with the new plant slated to begin operations in February 2023. Mitsuboshi Belting’s 2021 medium-term business plan has the conveyor belt and automotive transmission belt manufacturer...
mitsuboshi belting
Mitsuboshi Belting Manages Profit Growth in Overseas Belting Business Despite Overall Results Slump
Mitsuboshi Belting Ltd. (TYO:5192) recently posted its business results for fiscal 2019, showing a sales revenue decline of 1.3 percent year-on-year to end at 71.05 billion yen ($649.07 million). The company’s operating profit for the year was down 10.2 percent to just under 7.3 billion yen, while ordinary profit was down 14.4 percent to a little under 7.66 billion yen...
[lwa template="modal" register="0"]Subscribe
Mitsuboshi Belting Posts 37.2B Yen in Sales for First Half
Mitsuboshi Belting Ltd. (TYO:5192) recently posted its business results for the first half of fiscal 2019, revealing increased sales and decreased profits. The company’s sales rose 1.2 percent year-on-year to 37.2 billion yen ($340.04 million), with operating profit down 6.8 percent to 4.4 billion yen, ordinary profit down 17.6 percent to 4.33 billion yen and net profit down 13.2 percent...
[lwa template="modal" register="0"]Subscribe
Mitsuboshi Belting Targets R&D, Increased Production in Largest Ever Plan for Capital Investment
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...
[lwa template="modal" register="0"]Subscribe
Japan’s Transmission Belt Production Rises 2% Year-on-Year for 2017
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...
[lwa template="modal" register="0"]Subscribe
Mitsuboshi Belting Gains 6.6% in Belt Sales Over First Three Quarters
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...
[lwa template="modal" register="0"]Subscribe