Motonobu Nitta

Nitta Posts Strong Q1 Results as President Expresses Concerns Over China–US Trade War

Nitta Corp. (TYO:5186) has reported rising sales and profits for the first quarter of fiscal 2018. This puts the company on a solid start to achieving its medium-term management plan goal of generating 100 billion yen ($899.62 million) in sales for fiscal 2020. Sales for the quarter came out to 21.63 billion yen, growing 19.2 percent year-over-year. Operating profit increased...

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Nitta Unveils New Phase for Management Plan, Targets 100B Yen in Sales for 2020

Nitta Corp. (TYO:5186) President Motonobu Nitta has revealed Phase 3 of his company’s V2020 medium- to long-term management plan. Starting in fiscal 2018, Phase 3 is set to cover a three-year span ending in fiscal 2020. By this point, the plan aims to achieve annual sales of 100 billion yen ($913 million), up from 72.9 billion yen in fiscal 2017,...

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Nitta Inaugurates Hose and Tube Manufacturing Base in Thailand

Nitta Corp. (TYO:5186) held a factory completion ceremony on Feb. 20 at Nitta Corporation (Thailand) Ltd. (NCT), the company’s Thai hose and tube production base. The ceremony was attended by over 80 people, including Thai government officials and customers. Nitta President Motonobu Nitta gave opening remarks, saying that the company is looking to contribute to Thailand’s development, as well as...

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Nitta President Talks Overseas Business, Strategies to Cope With High Growth Rates

Speaking with Japan Rubber Weekly in an interview, Nitta Corp. (TYO:5186) President Motonobu Nitta said that regarding overseas development in 2017, the company has completed the facility at its U.S. plant and is now installing equipment. Operations are expected to start in July. In Thailand, the focus will be on Nitta Moore hose and tube products, where local production of...

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Nitta Remains on Track to Achieve Its Mid–Long-term Business Plan, says CEO

Sitting down for an interview recently, Nitta Corp. (TYO:5186) President Motonobu Nitta told Japan Rubber Weekly that the company’s sales and profit figures have mostly developed as planned. Nitta furthermore said that forecasts for the full business year remain unchanged for the major belt, hose and tube manufacturer. On general conditions for the first quarter of fiscal 2016, Nitta said...

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Nitta Holds Shinto Rites at Second North American Factory Site

Nitta Corp. (TYO:5186) subsidiary Nitta Corporation of America (NCA) has conducted a ceremony, believed under the indigenous Japanese Shinto religion to purify land, at the expanded construction site where its second factory is to be built. Operating mainly in North and South America, NCA is building the new factory facilities to reinforce its production and processing efforts as its regional...

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