sumitomo riko

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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Sumitomo Riko Forms Kyoshokai, Strengthening Ties With Dealers in China

Sumitomo Riko Co. Ltd. (TYO:5191) has recently set up “Kyoshokai,” a distributors conference for Sumiriko Industrial Products Shanghai Co. Ltd., the company’s industrial hose sales subsidiary based in Shanghai, China. Kyoshokai has been established with the aim of gathering dealers that market Sumitomo Riko-branded products, provide them with information about new products and other company news, and to share market...

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Sumitomo Riko’s Matsui on Overseas Operations, Strategies for New Business

During a recent interview granted to Japan Rubber Weekly, Tetsu Matsui, president and COO of Sumitomo Riko Co. Ltd. (TYO:5191), shared his thoughts about the company’s overseas operations and strategies for getting new business, especially its plans to gain new customers by establishing and utilizing the Advanced Automotive Systems R&D Center, a new facility intended to boost profitability. Matsui said...

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Sumitomo Riko President Matsui Sees Current Business Unfolding as Planned

Tetsu Matsui, president and COO of Sumitomo Riko Co. Ltd. (TYO:5191), said in a recent interview with Japan Rubber Weekly that although net sales fell due to currency exchange losses caused by a higher yen and despite a cloudier picture that falling business confidence paints for future profits, the company’s performance has been largely as planned. Matsui said that Sumitomo...

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Sumitomo Riko Opens New Personnel Training Center

Sumitomo Riko Co. Ltd. (TYO:5191) has opened a new training facility at its main automotive hose production center in Matsusaka, Mie Prefecture. Known as “Matsusaka Shikokan,” the training facility was established in order to improve the skills of the personnel who will support future growth for Sumitomo Riko. It includes an “F Lab” for implementation of the “F-Ken” foreman-training program,...

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Sumitomo Riko Opens New Automobile Product Development Laboratory

Sumitomo Riko Co. Ltd. (TYO:5191) has set up the tentatively named New Automobile Product Development Laboratory at its plant in Komaki, Aichi Prefecture. The company is positioning the Laboratory as a major part of its management vision for 2020. The Laboratory will work with automakers to apply Sumitomo Riko’s “Smart Rubber” in developing new technologies. One such technology will check...

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