Bando Chemical Industries Ltd. (TYO:5195) recorded profits of 4.95 billion yen ($44.86 million) in the fiscal year ending in March 2017, up 12.9 percent over the previous year. This marks the second highest profit figure in company history, just below the 5.29 billion yen recorded for fiscal 2008. Foreign exchange gains and a decrease in taxes contributed to the profit...
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Mitsuboshi Belting Ltd. (TYO:5192) set a new company record for operating income in the fiscal year ending March 2017. This marks the company’s fourth straight year of record numbers in this category. The operating income figure was 8.28 billion yen ($74.28 million), up 8.5 percent over the previous year. Although a higher yen had a slight negative impact on net...
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Asahi Rubber Inc. (TYO:5162) has released its business results for the fiscal year ending March 2017. Orders were strong for the company’s main products such as Asa Color LED, RFID and rubber used for tags, medical equipment and table tennis rackets. Profitability also increased due to cost cutting and higher factory productivity, with record highs on a consolidated basis reported...
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Ube Industries Ltd. (TYO:4208) has released its business results for the fiscal year ending March 2017. The company saw sales of 616.56 billion yen ($5.44 billion), a year-on-year decrease of 3.9 percent; operating profit was down at 34.96 billion yen, a 15.6-percent decline; ordinary income dropped to 33.35 billion yen, a 15.8-percent decline; and net profits rose to 24.19 billion...
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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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Toyoda Gosei Co. Ltd. (TYO:7282), Toyota Group’s only manufacturer of high-polymer automobile components made from rubber and plastic, has released its business results for the fiscal year ending March 2017. The company saw sales of 755.61 billion yen ($6.63 billion), a year-on-year decrease of 3.4 percent; operating profit was down at 40,675,000,000 yen, a 5-percent decline; ordinary income dropped to...
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