While concerns are there for Sumitomo Rubber Industries Ltd.’s (TYO:5110) tire business over a potential second wave of COVID-19, it is currently seeing better than expected recovery. Speaking recently as part of a recent business results briefing for the first half of calendar 2020, President Satoru Yamamoto said that although Sumitomo Rubber’s tire business can expect to see some degree...
U.S.-based Yokohama Tire Corp. (YTC) is supplying Advan-branded tires for use in three racing series that Porsche AG is holding in the U.S. over the second half of this year. These will be used as control tires in the Porsche Sprint Trophy USA West, the Porsche Sprint Trophy USA West Invitational and the Porsche Air-Cooled Cup USA. Specifically, the Yokohama...
Sumitomo Riko Co. Ltd. (TYO:5191) has revealed major downward trends in its business results for the first quarter of fiscal 2020. The company posted sales revenue of 65.38 billion yen ($620.49 million) for the quarter, down by 43.4 percent; an operating loss of 8.04 billion yen, down from a profit of 2.04 billion yen; and a net loss of 7.38...
Toyo Tire Corp. (TYO:5105) President Takashi Shimizu recently revealed that his company is performing well in the U.S. market, giving insight into the company’s operations here as part of a recent results announcement for the first half of calendar 2020. Commenting on these regional operations, Shimizu said that things are going quite well for Toyo Tires in the U.S., with...
Bridgestone Corp. (TYO:5108) announced its business results for the first half of calendar 2020 on Aug. 7, revealing sales revenue of just under 1.36 trillion yen ($12.76 billion) to mark a 22.1 percent year-on-year drop. The company’s adjusted operating profit for the half came to a little below 48.27 billion yen, down by 68.3 percent, and it posted a net...
Shin-Etsu Polymer Co. Ltd. (TYO:7970) recently posted its business results for the first quarter of fiscal 2020, revealing a drop in both sales revenue and profits. The company ended the quarter with sales of 18.33 billion yen ($171.49 million), down by 5.7 percent year-on-year; operating profit of just under 1.36 billion yen, down by 25.3 percent; ordinary profit of 1.58...
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