Sumitomo Rubber reported financial results for the year ended December 2022, with net sales of 1.10 trillion yen ($8.20 billion), up 17.4% year-on-year, operating income of 22.00 billion yen, down 57.7%, and net income of 9.42 billion yen, down 68.1%. President Satoru Yamamoto said, “Sales revenue increased due to sales growth mainly in the tire and sports businesses, but operating...
Bridgestone has posted its financial results for calendar 2022, revealing annual revenue of 4.11 trillion yen ($30.62 billion) – an increase of 26.6% year-on-year. The company’s adjusted operating profit for the year came to 482.63 billion yen, up 24.4%, while its net profit was 305.51 billion yen, down 0.8%. Also included in the financial results was an overview of factors...
Bridgestsone has received SBT certification from the Science Based Targets Initiative (SBTi) for the CO2 reduction targets it has set for 2030. SBTi is a set of greenhouse gas emission reduction targets set by companies for the next five to ten years, consistent with the levels required by the Paris Agreement. The SBTi has certified Brdgestone’s mid-term CO2 reduction targets...
Pirelli Japan announced that it will gradually increase the prices of tires shipped for the Japanese domestic market starting April 1, 2023. The price increase applies to passenger car, SUV, and motorsports tires (summer and winter), as well as motorcycle and scooter tires (Pirelli and Metzler). The average increase will be 6% across all product categories and brand lines. The...
Michelin has partnered with DHL Express to trial the Michelin UPTIS Prototype, a next-gen airless tire. This partnership will mark the first real-world use of the innovative tire, with plans for some 50 DHL vehicles in Singapore to be fitted with UPTIS tires by the end of 2023. Michelin first announced in June 2019 that it was targeting a 2024...
Yokohama Rubber has begun deliveries of BluEarth-GT AE51 and BluEarth-FE AE30 tires for use as new-vehicle (OE) tires for Toyota’s new Prius launched in Japan and overseas in January and for the Prius PHEV scheduled for launch in spring. The installed sizes are 195/50R19 88H for BluEarth-GT AE51 and 195/60R17 90H for BluEarth-FE AE30. BluEarth is Yokohama Rubber’s global tire...
