Yokohama Rubber aims to achieve a 10% business profit margin in its Multiple Business (MB) business by 2026, the final year of the new medium-term management plan “YX2026” announced in February. The company has positioned the hose and piping business as a growth driver and wants to achieve stable profitability in the industrial materials business. The performance of the MB...
Japan Rubber Weekly sat down with Nobuhiro Sato, Chairman of the Central Executive Committee of Gomu Rengo, the Japanese Rubber Workers’ Union Confederation, talking about the spring campaign for the current fiscal year that is about to get underway. Sato sees this as “a critical moment to determine whether the trend of wage increases will be sustained,” and is determined...
Yokohama Rubber announced a new medium-term management plan, “Yokohama Transformation 2026 (YX2026),” covering the period from 2024 to 2026. Under YX2026, the company aims to achieve hockey stick growth by 2027 through further promoting the deepening of strengths and exploration of new values in existing businesses that have been promoted since the previous mid-term plan, YX2023. The management targets for...
Bridgestone’s Diversified Products business is steadily improving its performance. In the fiscal year ended December 31, 2023, this business posted sales revenue of 298.4 billion yen ($1.98 billion), up 7% from the previous year, adjusted operating profit of 13.2 billion yen, up 39%, and adjusted operating profit margin of 4.4%, up 1.0 percentage point. The Chemical Products business posted sales...
Sumitomo Rubber will start from this year commercialization of its Active Tread and Sensing Core technologies, which it positions as pillars of growth. Active Tread is a unique rubber technology that synchronizes with the external environment, such as water and temperature, and switches properties. Sensing Core, on the other hand, is a sensing technology that detects tire pressure, wear, load,...
Toyo Tires posted record highs in sales and profit for the fiscal year ending December 31, 2023. The company achieved many of the financial indicators set forth in the current mid-term business plan through 2025 ahead of schedule. Takashi Shimizu, President & CEO, said, “We will work on each of the measures to maintain the achievement of the targets, and...
