Toyo Tire Corp. (TYO:5105) is aiming to strengthen its relationship with Mitsubishi Corp. (TYO:8058) on a comprehensive level. By pursuing this while also capitalizing on its own strengths, the tire manufacturer plans for the resulting synergies to provide a positive effect of 10 billion yen ($94.64 million) in operating profit by 2023. Expectations here are that carrying out policies alongside...
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Nichirin Co. Ltd. (TYO:5184) recently announced that it intends to stop production and sales of automotive air conditioning units and brake hoses at U.K.-based subsidiary Nichirin U.K. Ltd. (NUK). At present, around 40 percent of such shipments from this plant go out to the U.K. and Turkish assembly plants of Honda Motor Co. Ltd. (TYO:7267), making Honda the most significant...
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Commenting recently on the progress of his company’s Vision 2020 long-term plan, Sumitomo Rubber Industries Ltd. (TYO:5110) CEO Satoru Yamamoto noted that a number of factors that have changed since this vision was first put together. And with the changes here including raw material costs, slowing GDP growth and other such global factors, Yamamoto said that Sumitomo Rubber is now...
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Japan’s shipments of rubber products came to a total value of more than 1.15 trillion yen ($10.79 billion) for the first half of calendar 2019, marking a 0.5 percent increase over the same half last year. This is based on calculations from the Ministry of Economy, Trade and Industry (METI) regarding production and shipment figures for rubber products. Looking at...
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JSR Corp. (TYO:4185) has announced that it intends to establish a new investment subsidiary on Oct. 1. Named JSR Active Innovation Fund LLC, the new company will invest on a global scale into startups focused on digital technologies. The aim is to then use these technologies to further accelerate the creation of new businesses. Investment activities will start with an...
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Yokohama Rubber Co. Ltd. (TYO:5101) recently posted its business results for the first half of calendar 2019. Based on these results, the company has stated that it will abide by its initial forecast for the full year, which points to sales revenue of 660 billion yen ($6.2 billion), operating profit of 57.5 billion yen and a net profit of 46...
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