Market Background

Yokohama Rubber Sticks to Initial Forecast for 2019 Following Release of First-Half Results

Yokohama Rubber Co. Ltd. (TYO:5101) recently posted its business results for the first half of calendar 2019. Based on these results, the company has stated that it will abide by its initial forecast for the full year, which points to sales revenue of 660 billion yen ($6.2 billion), operating profit of 57.5 billion yen and a net profit of 46...

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Bridgestone COO Akihiro Eto Comments on Downward Revision to Full-Year Forecast

Bridgestone Corp. (TYO:5108) recently revealed that it has made a downward revision to its projected full-year results for calendar 2019. Compared to the company’s initial forecast for the year, this new forecast sees projected sales down by 70 billion yen ($656.74 million). Projected operating income, meanwhile, is down by 35 billion yen from the earlier forecast, projected ordinary income is...

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Bridgestone Makes Downward Revision to 2019 Forecast

Bridgestone Corp. (TYO:5108) recently announced that it has made a downward revision to its projected business results for calendar 2019. This was prompted by a number of changes in both external conditions and market trends. For the full year, Bridgestone now expects to see sales total 3.62 trillion yen, down 1.9 percent from an initial forecast of 3.69 trillion yen....

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Zeon Sees Sluggish Q1 Sales for Automotive, Industrial Products

Zeon Corp. (TYO:4205) recently revealed its business results for the first quarter of fiscal 2019, showing downward trends to financial indicators. The company’s overall sales came to 82.42 billion yen ($781.76 million) for the quarter, down 1.5 percent year-on-year. Meanwhile, its operating income was down 1.6 percent to 8.33 billion yen, with ordinary income down 10.3 percent to 8.64 billion...

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JSR Posts 7.8% Decrease in Elastomer Division Sales Revenue for Q1

JSR Corp. (TYO:4185) recently posted results showing a year-on-year decrease to sales and profits for the first quarter of fiscal 2019. Overall, the company achieved sales revenue of 119.5 billion yen ($1.13 billion) for the quarter, down 2.3 percent from the same quarter last year; operating profit of 10.04 billion yen, down 12.6 percent; and net profit of 7.29 billion...

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Major Japanese Tire Firms Plan Price Hikes in Response to Surging Distribution Costs

Japan’s four largest tire manufacturers have now all announced price increases on aftermarket tires for domestic sale. After Bridgestone Corp. (TYO:5108) announced such a price hike on June 5, Yokohama Rubber Co. Ltd. (TYO:5101) came out with its own on June 14, with Sumitomo Rubber Industries Ltd. (TYO:5110) then following suit on June 21 and Toyo Tire Corp. (TYO:5105) on...

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