Industry

Major Tire Companies Plan Production Increases for 2019 While Projecting Rising Sales, Falling Profits

Japan’s four major tire manufacturers have now posted their earnings forecasts for calendar 2019, with the general trend of expectations here pointing to increased sales and decreased profits. And amid this, all four of the companies are planning increases to their production capacity. While a number of factors make 2019 a difficult year to predict – including the U.S.–China trade...

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Osaka Soda Posts Increased Sales, Profits Following Strong Performance With Rubber Products

Osaka Soda Co. Ltd. (TYO:4046) has posted a significant increase to its sales and profits for the cumulative first three quarters of fiscal 2018. Year-on-year, Osaka Soda’s sales rose by 9.9 percent to reach 81.85 billion yen ($741.23 million) over the nine-month period. In profits, meanwhile, the company’s operating profit rose 36 percent to 7.65 billion yen, with ordinary profit...

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JSR Posts Increase to Revenues, Profits on Back of Robust Sales for S-SBR

Synthetic rubber manufacturer JSR Corp. (TYO:4185) has posted sales of 376.55 billion yen ($3.43 billion) for the first nine months of fiscal 2018, representing growth of 20.1 percent over the same period last year. Meanwhile, the company’s operating profit was up 2.1 percent year-on-year to 37.95 billion yen, with its net profit for the period increasing 0.2 percent to 27.72...

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Growth to Asian Butadiene Prices Recedes in 2018 After Strong Showing in 2017

Butadiene prices in the Asian market dropped back slightly for 2018 after surging up in 2017. This then formed the topic at a recent executive meeting of the Japan Rubber Manufacturers Association (JRMA), with the association covering a range of information about trends in the market. Looking back, the meeting highlighted that butadiene prices continued to rise – in conjunction...

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Japan’s New Rubber Consumption Estimated to Have Grown 3.1% for 2018

Japan’s consumption of new rubber is estimated to have grown by 3.1 percent year-on-year in 2018, according to a report from the Japan Rubber Manufacturers Association (JRMA). This brings the year’s figures to 1,333,200 tons, representing a second consecutive year of growth after 2017 brought the sector’s first growth in six years. Heading into 2019, however, the JRMA expects that...

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Bridgestone to Acquire TomTom’s Digital Fleet Solutions Unit

Bridgestone Corp. (TYO:5108) plans to acquire TomTom Telematics BV, a subsidiary of TomTom NV of the Netherlands. The acquisition is expected to take place during the second quarter of the business year ending December 2019 for a purchase price of 910 million euros ($1.04 billion). TomTom Telematics operates a digital fleet solutions business that provides cloud-based services such as vehicle...

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