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Sumitomo Rubber Announces New Long-Term Management Strategy

on March 17, 2025 in Tires

Sumitomo Rubber has announced its long-term management strategy for the year 2035 under the title “R.I.S.E. 2035”. The strategy aims to continue to provide everyone with new experiential value created from rubber, and positions creating rubber-based innovation, strengthening brand management and building a management foundation that is resistant to change as drivers of growth. “Going forward, we will firmly establish...

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Sumitomo Rubber Launches Application Allowing Centralized Truck Tire Condition Management

on March 12, 2025 in Tires

Sumitomo Rubber has on March 3 begun offering ESP3.0, an application that allows centralized management of truck tire conditions. The application targets users such as trucking companies that use Dunlop’s Tire Pressure and Temperature Management Service parking management and telematics tools. The application combines air pressure and temperature data from the tire pressure monitoring system (TPMS) with groove and appearance...

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Toyo Tires Sales and Profits Reach Record Highs: FY Results

on March 6, 2025 in Tires

Toyo Tires reported a 2.3% year-on-year increase in net sales to 565.36 billion yen ($3.78 billion), a 22.2% increase in operating income to 93.98 billion yen, an 18.7% increase in ordinary income to 102.12 billion yen, and a 3.5% increase in net income to 74.81 billion yen for the fiscal year ended December 31, 2024. Sales and profits reached record...

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Yokohama Rubber Reports Record Sales, Profits in 2024: FY Results

on March 5, 2025 in Tires

Yokohama Rubber’s financial results for the fiscal year ended December 31, 2024, showed revenue from sales of 1.095 trillion yen ($7.33 billion), up 11.1% year-on-year; business profit of 134.38 billion yen, up 35.6%; and net income of 74.92 billion yen, up 11.4%. Sales revenue, business profit, and net income were all record highs, with sales revenue exceeding 1 trillion yen...

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Bridgestone Posts Fiscal 2024 Results

on March 4, 2025 in Tires

Bridgestone’s results for the fiscal year ended December 31,2024, showed revenue of 4.430 trillion yen ($29.85 billion), up 2.7% year-on-year; adjusted operating income of 483.30 billion yen, up 0.6%; and net income (including discontinued operations) of 284.99 billion yen, down 14.0%. “The company’s sales and income increased due to a tailwind from exchange rates, despite new threats from structural changes...

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Toyo Tires Shifts Tire Production From China to Japan, Malaysia

on February 28, 2025 in Tires

Toyo Tires will transfer its 86% stake in Toyo Tire Zhangjiagang (TTZ), a passenger car and light truck tire manufacturing subsidiary in China, to Liaoning Hengdasheng Investment (LHI), signing a basic agreement on February 14. The company has decided to review its China business in its global business strategy, as the penetration of its brand and product power has been...

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