trending Market Intelligence /marketintelligence/en/news-insights/trending/svopnR5Q_QsYtkahk-ZizQ2 content esgSubNav
In This List

Sagami Rubber Industries fiscal Q2 profit falls YOY


Gold - Geopolitical tensions and inflation remain key drivers


Lithium and Cobalt - Softer demand weighs on prices


Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten


Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

Sagami Rubber Industries fiscal Q2 profit falls YOY

Sagami Rubber Industries Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to ¥2.46 per share, a decline of 75.8% from ¥10.19 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥26.8 million, a decrease of 75.8% from ¥110.8 million in the prior-year period.

The normalized profit margin fell to 2.5% from 8.8% in the year-earlier period.

Total revenue declined 15.8% on an annual basis to ¥1.06 billion from ¥1.26 billion, and total operating expenses came to ¥1.06 billion, compared with ¥1.07 billion in the prior-year period.

Reported net income declined 86.2% on an annual basis to ¥17.0 million, or ¥1.56 per share, from ¥123.0 million, or ¥11.31 per share.

As of Nov. 13, US$1 was equivalent to ¥122.78.