Bridgestone will in March begin testing its Air Free tire on public roads near Kodaira City, Tokyo, where the Bridgestone Innovation Park is located. In the demonstration test, the Air Free will be installed on a test vehicle to verify the characteristics and functions of the tire in various public road environments that closely resemble actual usage environments, and to...
The Japan Construction Equipment Manufacturers Association (CEMA) held a press conference in Tokyo on February 21 to announce its construction machinery demand forecasts for fiscal 2023 (April 2023 – March 2024) and fiscal 2024 (April 2024 – March 2025). The forecasts were compiled based on a questionnaire survey conducted in January of this year among 62 regular members of the...
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...
