Japanese rubber companies release half-year results

ERJ staff report (LMH)

Sales at major Japanese tyre maker Toyo Tire & Rubber Co. Ltd were Yen 147.85 billion (Euro 1375 million) for the six months ended 30 Sept 2011, up 3.1 percent year-on-year. Net income for the first half of fiscal 2011 up by 31.3 percent at Yen 1.27 billion. Earnings per share were Yen 5. Toyo forecast full year sales of Yen 319 billion and income of Yen 2.1 billion, an increase of 303.1 percent.

Nippon Zeon Co. Ltd has reported a 0.7-percent drop in sales in the first half of fiscal 2011 at yen 134.07 billion. Net income for the six months ended 30 Sept 2011 was Yen 12.24 billion, up 34.2 percent. The speciality synthetic rubber maker predicted full year sales of Yen 260 billion, a decrease of 3.8 percent, and income of Yen 19 billion, up 3.8 percent year-on-year.

Sales at Japanese condom maker Fuji Latex for the six months ended 30 Sept 2011 were Yen 3.49 billion, up 6.4 percent year-on-year. Net income for the first half of fiscal 2011 was Yen 120 million, down 21 percent from the same period in 2010. Earnings per share were Yen 12.02.

Half-year sales at rubber auto parts manufacturer Ikuyo Co. Ltd were Yen 4.4 billion, up from Yen 3.92 previously forecast for the period. Net profit for the six months ended 30 Sept 2011 was Yen 6 million.

Sagami Rubber Industries Co. Ltd has reported H1 sales of Yen 1.97 billion, down from a previous forecast of Yen 2.01 billion. Net profit for the period was Yen 1 million, down from a projected Yen 45 million. The company produces rubber goods, including condoms.

Fukoku Co. Ltd, a major manufacturer of rubber products for the automobile industry, reported sales of Yen 26.1 billion in the first half of fiscal 2011, up 0.8 percent year-on-year. Net income was Yen 978 million, down by 11.2 percent from the same period in 2010. Fukoku forecast full-year sales of Yen 52 billion and net income of Yen 2.1 billion, up 81.1 percent year-on-year.

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Results from Toyo

Results from Nippon Zeon

Results from Fuji Latex

Results from Ikuyo

Results from Sagumi Rubber Industries

Results from Fukoku