Tokai Carbon Co. Ltd. (TYO:5301) has unveiled T-2024, a rolling medium-term management plan for 2022–2024. Under this new plan, the major carbon black manufacturer has set a 2030 long-term vision in which it looks to “contribute to a sustainable society through advanced materials and solutions.” As for financial targets for 2024, the company aims through the plan to reach 356...
News
Yokohama Rubber’s Hiratsuka Factory Receives Energy Management Award From METI Bureau
Yokohama Rubber Co. Ltd. (TYO:5101) has seen its Hiratsuka Factory receive an annual award made to recognize business operators that display excellent energy management. The award here was given on Feb. 3 by the Kanto Bureau of Economy, Trade and Industry, which is part of Japan’s Ministry of Economy, Trade and Industry (METI). It is the first time that the...
Bridgestone Posts 20.4% Growth to Sales Revenue for 2021
Bridgestone Corp. (TYO:5108) has released its business results for 2021, revealing 3.25 trillion yen ($28.25 billion) in sales revenue, up 20.4 percent year-on-year; 394.34 billion yen in adjusted operating profit, up 90.1 percent; and 394.04 billion yen in net profit including discontinued operations, up from a 23.3 billion loss the previous year. In the tire business specifically, Bridgestone saw major...
Japanese Tire Manufacturers Face Surging Costs Despite Results Recovery for 2021
Japan’s major tire manufacturers have now all released their business results for calendar 2021 – showing a significant recovery compared to 2020, when COVID-related production restrictions and other such factors caused business to slump significantly. For 2022, however, these companies are expecting a rough year, with projections that the surging costs of raw materials and marine freight will make for...
Yokohama Rubber Declares Support of TCFD Recommendations
Yokohama Rubber Co. Ltd. (TYO:5101) has announced that it declared its support last month of recommendations from the Task Force on Climate-related Financial Disclosures (TCFD). In supporting the TCFD recommendations, the Yokohama Rubber Group will proactively disclose information about its efforts to address climate change. The group sees these efforts as being a high-priority initiative within its broader push to...
Toyo Tires Posts 14.5% Sales Growth, Record-High Tire Sales for 2021
Toyo Tire Corp. (TYO:5105) has posted its business results for 2021, revealing a strong performance for the year. Sales for the year came to 393.65 billion yen ($3.42 billion), up 14.5 percent, while operating income was 53.1 billion yen, up 46.1 percent. Explaining these results, company president Takashi Shimizu said that net income was boosted significantly by strong North American...
