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Japanese Tire Makers Achieve Record Sales in Fiscal 2024

on February 27, 2025 in Industry, Tires

The four Japanese tire makers, Bridgestone, Sumitomo Rubber, Yokohama Rubber, and Toyo Tires, have released their fiscal 2024 financial results. Although market conditions were generally harsh, all four companies posted record-high sales and record-high operating income (Bridgestone posted adjusted operating income; Sumitomo Rubber and Yokohama Rubber posted operating income), thanks in part to a tailwind from a weaker yen. On...

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Resonac Reports Higher Sales, Profits: FY Results

on February 27, 2025 in Materials

Resonac reported sales of 1.39 trillion yen ($9.31 billion), up 7.8% from the previous year, operating income of 78.75 billion yen (compared with a loss of 3,76 billion yen in the previous year), ordinary income of 69.69 billion yen (compared with a loss of 14.77 billion yen), and net income of 55.42 billion yen (compared with a loss of 18.96...

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Kuraray Says Isoprene Sales Up in Fiscal 2024: Financial Results

on February 26, 2025 in Materials

Kuraray reported net sales of 826.90 billion yen ($5.53 billion) for the fiscal year ended December 31, 2024, up 5.9% from the previous year; operating income of 85.08 billion yen, up 12.7%; ordinary income of 81.48 billion yen, up 18.0%; and net income of 31.72 billion yen, down 25.3%. Sales reached a record high. The isoprene segment posted sales of...

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Tokai Carbon Posts FY Results, Carbon Black Sales and Profits Up

on February 25, 2025 in Materials

Tokai Carbon reported a 3.8% year-on-year decline in sales to 350.12 billion yen ($2.34 billion), a 49.9% drop in operating income to 19.39 billion yen, a 45.7% drop in ordinary income to 22.58 billion yen, and a net loss of 56.73 billion yen for the fiscal year ended December 31, 2024. The net loss followed a net income of 25.47...

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Nitta Publishes 9M Results, Sees Higher Profits on Strong Semiconductor Business

on February 21, 2025 in Products

Nitta announced net sales of 66.85 billion yen ($438.74 million), up 0.3% year-on-year; operating income of 4.12 billion yen, up 7.5%; ordinary income of 11.09 billion yen, up 19.5%; and net income of 9.42 billion yen, up 23.4%, for the first nine months of the fiscal year ending March 31, 2025 By segment, the belt and rubber products business posted...

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Yokohama Rubber Delivers EV Tires for Leapmotor SUV

on February 20, 2025 in Tires

Yokohama Rubber has begun deliveries of Advan Sport EV tires for new vehicle installation (OE) on the Leapmotor C16, the new SUV launched in China in June 2024 by Chinese EV manufacturer Leapmotor. The tire sizes are 245/45R21 104V XL for the front and 255/45R21 106V XL for the rear. Based on the company’s Advan Sport V107 tire for high-performance...

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