Toyoda Gosei Co. Ltd. (TYO:7282) has reported its business results for fiscal 2020 and announced its projections for fiscal 2021. The company’s results for last fiscal year saw sales revenue fall 11.2 percent year-on-year to 721.5 billion yen ($6.61 billion), while operating profit rose 103.9 percent to 36.48 billion yen and net profit rose 213.6 percent to 35.21 billion yen....
JSR Corp. (TYO:4185) has announced its earnings forecast for fiscal 2021. The synthetic rubber manufacturer projects that it will be able to generate 468 billion yen ($4.28 billion) in sales revenue, up 4.8 percent year-on-year; 53 billion yen in core operating profit, up 104.1 percent; and 32 billion yen in net profit, a major turnaround from the 55.2 billion yen...
Toyoda Gosei UK Ltd. (TGUK), a local subsidiary of Toyoda Gosei Co. Ltd. (TYO:7282), is planning to end its production operations. The company is currently looking to consult with employees regarding the proposed closure. With automakers continuing to scale back or close their production in the U.K., TGUK has determined that it cannot expect to achieve growth going forward. This...
Bridgestone Corp. (TYO:5108) is looking to improve a range of facilities at its Shimonoseki Plant, the company’s flagship production base for mining and construction vehicle tires. The investment here is set to total 10.2 billion yen ($93.64 million), with construction slated to begin in 2022 and be completed by the end of 2025. This project comes as part of Bridgestone’s...
Nihon Michelin Tire Co. Ltd. officially appointed Gen Sudo as its new president on April 1. The company then held an online press conference on April 14, attended by both Sudo and outgoing president Paul Perriniaux, to provide a debriefing on the new president’s inauguration. Speaking at the event, Perriniaux said he is grateful for the support he has received...
Sumitomo Rubber Industries Ltd. (TYO:5110) has launched Hibrid-Turf EXII, a new long-pile artificial turf product designed specifically for use in sports. The new product is the successor to the original Hibrid-Turf EX, which was launched in 2015 for use as a long-pile artificial turf in sports and has since been fitted across more than 500,000 square meters. The EXII offers...
