NOK

Japan’s Top 100 Rubber Companies Total Around 4 Trillion Yen in Sales for 2016

Japan Rubber Weekly recently conducted a study of the top 100 companies in Japan’s rubber industry, analyzing their business performance for fiscal 2016. Of these 100 companies, 48 posted a year-on-year revenue increase. Seven companies managed a double-digit increase to revenue, including NOK Elastomers Processing Co. Ltd., which ranked 42nd out of the 100 companies with an 11.9 percent increase,...

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NOK Sees Sales Increase 12% in Q1

NOK Corp. (TYO:7240), a major manufacturer of oil seals, posted first quarter sales of 164.91 billion yen ($1.49 billion) for April–June, representing a year-on-year increase of 12.8 percent. NOK’s operating profit for the first quarter was 6.04 billion yen compared to 3.77 billion yen for the same period of the previous year. Ordinary income was 9.87 billion yen, representing a...

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NOK Seal Business Performs Well Amid Otherwise Declining Sales, Profits

NOK Corp. (TYO:7240), a major manufacturer of oil seals, posted sales of around 713,138,000,000 yen ($6.29 billion) for the fiscal year ending March 2017, representing a year-on-year decline of 4.4 percent. Meanwhile, operating profit was down 17.6 percent year-on-year to 39,776,000,000 yen, ordinary income dropped 14.9 percent to 45.79 billion yen, and net income for the year fell 9.1 percent...

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NOK Develops Low-Torque Rotary Seal Rings

NOK Corp. (TYO:7240) has developed two new low-torque rotary seal rings, the TS-Ring and the CT-Ring, for use in automatic transmission (AT) and continuously variable transmission (CVT) vehicles. Both rings exhibit world-first technology, utilizing dynamic pressure and an outer sliding surface to achieve low-torque performance. As the automotive industry strives to improve fuel efficiency, there is an increased need for...

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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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JRW Survey: Tire Makers Top Other Rubber Manufacturers in Ordinary Income

With an ordinary income of 226.91 billion yen ($2.205 billion) in fiscal 2015, Bridgestone Corp. (TYO:5108) held the top spot among 165 major Japanese rubber manufacturers, found a survey published in the September issue of Japan Rubber and Elastomers, a monthly sister publication of Japan Rubber Weekly. For Bridgestone, this marked a 0.4 percent year-on-year decline. The number two, Toyo...

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