Automotive rubber parts maker Nishikawa Rubber reported first quarter (April-June) net sales of 27.39 billion yen ($187.90 million), up 21.5% year-on-year, operating income of 731 million yen (compared to a loss of 379 million yen in the same period last year), ordinary income of 1.74 billion yen, up 286.2%, and net income of 1.33 billion yen, up 426.9%. The company...
Yokohama Rubber has begun deliveries of Advan Sport V107 tires for new vehicle installation (OE) on the facelift model of the new Cayenne from Porsche of Germany. The tires are available in 285/40R22 110Y for the front and 315/35R22 111Y for the rear. The Advan Sport V107 is an ultra high-performance tire from Yokohama Rubber’s global flagship tire brand, the...
Toyo Tires has published its Integrated Report 2023, the first annual report to disclose the group’s financial and non-financial information in an integrated manner. In its medium-term management plan, Mid-Term ’21 Plan, the company stated that it will contribute to the realization of a sustainable society by incorporating sustainability and ESG into its business management to solve social issues and...
The four major Japanese tire makers have reported their first-half (January-June) results for the fiscal year ending December 31, 2023. All four companies achieved record-high sales, driven by a weak yen and a recovery in sales of tires for new vehicles. Moreover, Bridgestone, Sumitomo Rubber and Toyo Tires secured higher operating income (adjusted operating income for Bridgestone, and operating income...
Okamoto reported a 12.1% year-on-year rise in sales to 25.28 billion yen ($172.75 million), a 26.5% rise in operating income to 2.2 billion yen, a 27.7% rise in ordinary income to 3.27 billion yen, and a 68.5% rise in net income to 2.74 billion yen for the first quarter of this fiscal year (April-June 2023). By segment, sales of industrial-use...
Zeon will begin full-scale development of a new grade of AFL adhesive slurry for separator coating in its battery materials business as part of its efforts to expand its lineup of environmentally friendly products. The company has been globally marketing anode binder, cathode binder, heat-resistant binder for separator coating, and AFL adhesive slurry for separator coating for lithium-ion batteries, and...
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