Okamoto Industries

Okamoto Sees Sales, Profits Rise for Q1 on Back of Strong Performance From Condom Business

Okamoto Industries Inc. (TYO:5122) has seen its sales for the first quarter of fiscal 2018 rise 6.2 percent year-on-year to 22.47 billion yen ($203.93 million), according to a recent release of business results for the period. These results also show the company’s operating profit for the quarter as having risen 2.1 percent to 2.89 billion yen, while ordinary profit was...

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Okamoto Announces 4 Billion Yen Investment for New Wallpaper Factory

Major condom and chemical manufacturer Okamoto Industries Inc. (TYO:5122) recently announced its intention to build a new wallpaper factory in Ushiku, Ibaraki Prefecture, on a site measuring 43,000 square meters. The company will invest 4 billion yen ($36.65 million) in the new factory, which will be established in March 2018 and referred to as Tsukuba Plant. Okamoto already operates a...

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Okamoto to Upgrade Factories in Japan, Expand Condom Business in Asia: President

Okamoto Industries Inc. (TYO:5122) President Yoshiyuki Okamoto recently granted an interview with Japan Rubber Weekly to describe the company’s plans for the near-future. Okamoto said the company has plans to upgrade and redesign factories over the coming three years. Okamoto Industries will be aggressive in capital spending to streamline operations at plants in Japan, an effort that president Okamoto characterized...

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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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