Toyo Tire Corp. (TYO:5105) has released its business results for the third quarter of calendar 2021, showing 283.81 billion yen ($2.46 billion) in sales revenue, up 14.6 percent year-on-year, and 39.66 billion yen in operating income, up 79.9 percent. Going into detail on what has driven this change in operating income, Toyo Tires revealed that upward factors included 19.7 billion...
Bridgestone Corp. (TYO:5108) has been awarded the top Gold rating for the fourth consecutive year in the Pride Index, which ranks companies on their inclusiveness toward LGBTQ employees and other sexual minorities. The Pride Index was established by work with Pride, a voluntary organization that aims to create LGBTQ-friendly workplaces in Japan across corporate and organizational boundaries. Having established a...
CEOs from the world’s leading tire manufacturers recently met online for the latest CEO conference held as part of the Tire Industry Project (TIP). The 10 companies represented were Bridgestone Corp. (TYO:5108), Continental AG, Goodyear Tire & Rubber Co., Hankook Tire & Technology Co. Ltd., Kumho Tire Co. Inc., Michelin Group, Pirelli & C. S.p.A., Sumitomo Rubber Industries Ltd. (TYO:5110),...
Bridgestone Corp. (TYO:5108) plans by 2030 to have more than 90 percent of its tires used globally in repairs to incorporate its Enliten Technology, a basic technology for innovative tires for electric vehicles (EVs) and fuel cell vehicles. The expansion of Enliten Technology is part of a reinforcement strategy for the premium business component of Bridgestone’s core business operations. While...
Asahi Kasei Corp. (TYO:3407) has posted its business results for the first half of fiscal 2021, revealing a 19.4 percent year-on-year increase in sales – reaching 1.18 trillion yen ($10.27 billion) – and a 47.4 percent increase in operating income, 113.14 billion yen. Ordinary income too was up, marking a 53.9 percent increase to 119.23 billion yen; as was net...
NOK Corp. (TYO:7240) is advancing negotiations with its customers to seek agreement on a price hike for its seal products. This would include the company’s oil seals, O-rings, gaskets and more. A leading Japanese manufacturer of seal products, NOK announced back on Sept. 6 that it would be increasing prices on its seal products by up to 20 percent starting...
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