TOKYO—JSR Corp.'s Elastomer unit delivered a strong first-quarter business performance, the group's results for the three months to June 30 show.
The business unit's portfolio includes: styrene-butadiene rubbers (ESBR and SSBR), polybutadiene rubber, polyisoprene, nitrile rubber, butyl rubber, ethylene-propylene rubber and thermoplastics elastomers.
First quarter sales came in at $371 million, 18.1 percent more than in the same period last year, the July 31 financial statement noted. Operating income, meanwhile, ballooned 463 percent year-on-year to $71 million compared to $11.4 million a year ago.
JSR linked the gains mainly to a recovery in market conditions, which supported higher pricing since the second half of last year. An increase in sales volumes also contributed.