Nitto Kako

Nitto Kako’s Rubber Business Sees 4.7% Growth in First Half

Nitto Kako Co., Ltd. (TYO:5104) recently released its business results for the first half (April–September) of the fiscal year ending March 2018. The company posted sales of 3.87 billion yen ($34.05 million), down 4.9 percent over the same period last year; an operating profit of 158 million yen, down 7.8 percent; an ordinary profit of 155 million yen, down 6.1...

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Japanese Rubber Companies Heavily Revise Earnings Projections

As companies are releasing their second-quarter earnings for the business year ending on March 31, 2017, some stand out for their revisions to projected full-year earnings. Cost-cutting boosted profits for some, while the higher yen hurt others. The following companies announced upward revisions to profit for the period: Achilles Corp. (TYO:5142), Okamoto Industries Inc. (TYO:5122), Mitsuboshi Belting Ltd. (TYO:5192), Tigers...

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Several Rubber Sheet Makers Set About Remedying Profit Issues

Rubber sheet manufacturers are endeavoring to improve profits. Between March and June this year, a number of companies set out on making price revisions, primarily on general-purpose products. Two companies have additionally pushed forward on a unification of product classes, including the closing down of unprofitable products. Five companies set out on these price revisions: Tigers Polymer Corp. (TYO:4231), Kureha...

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