Yokohama Rubber has revealed its financial results for calendar 2022, including revenue of 860.48 billion yen ($9.35 billion), up 28.3% year-on-year; business profit of 70.09 billion yen, up 12.8%; and net profit of 45.92 billion yen, down 29.9%. While the company’s net profit fell year-on-year due to a number of factors – such as the previous year’s figures having been...
Sumitomo Rubber reported financial results for the year ended December 2022, with net sales of 1.10 trillion yen ($8.20 billion), up 17.4% year-on-year, operating income of 22.00 billion yen, down 57.7%, and net income of 9.42 billion yen, down 68.1%. President Satoru Yamamoto said, “Sales revenue increased due to sales growth mainly in the tire and sports businesses, but operating...
Bridgestone has posted its financial results for calendar 2022, revealing annual revenue of 4.11 trillion yen ($30.62 billion) – an increase of 26.6% year-on-year. The company’s adjusted operating profit for the year came to 482.63 billion yen, up 24.4%, while its net profit was 305.51 billion yen, down 0.8%. Also included in the financial results was an overview of factors...
Toyoda Gosei has revealed its cumulative business results for the first three quarters of fiscal 2022, showing a year-in-year drop in Japanese performance but an improvement in multiple overseas markets. The company’s revenue for the period came to 701.81 billion yen ($5.25 billion), up 16.9 percent year-on-year; meanwhile, its operating profit was up 24.7 percent to 23.69 billion yen, and...
Bridgestsone has received SBT certification from the Science Based Targets Initiative (SBTi) for the CO2 reduction targets it has set for 2030. SBTi is a set of greenhouse gas emission reduction targets set by companies for the next five to ten years, consistent with the levels required by the Paris Agreement. The SBTi has certified Brdgestone’s mid-term CO2 reduction targets...
Sumitomo Riko has joined the Culnet Consortium, an open innovation platform for cellular agriculture presided over by Integriculture. With the world population expected to reach 10 billion by the 2050s and concerns over food shortages due to depletion of energy, feed, land, and water, cellular agriculture to produce cultured meat is attracting attention as one alternative protein source. Integriculture is...
