This article follows part 1 in a series of 2 on Sumitomo Rubber’s first half financial results (January-June of the fiscal year ending December 31, 2022). Looking at Sumitomo Rubber’s performance by segment, the tire business posted sales revenue of 430.85 billion yen ($3.13 billion), up 16.7 percent year-on-year, and operating profit of 7.66 billion yen, down 67.4 percent. Japanese...
Sumitomo Rubber has posted revenues of 512.11 billion yen ($3.71 billion) for the first half (January-June) of the fiscal year ending December 31, 2022, up 16.4 percent year-on-year. Business profit was 14.18 billion yen, down 52.9 percent; and overall profit was 17.19 billion yen, down 16.2 percent. In a highly uncertain economic environment, including the coronavirus pandemic, the situation in...
Sumitomo Rubber has begun deliveries of Falken Azenis FK510 SUV tires for use on the new Toyota Yaris Cross GR Sport, which began selling in August. The tire size is 215/50R18 92V. The Azenis FK510 SUV achieves high wet performance and a high level of handling stability, and is featured in the Yaris Cross GR Sport vehicle catalog as a...
Nexen Tire of Korea will supply the N-FERA Sport 205/65R16 as a new tire for BMW’s new 2 Series Active Tourer. The BMW 2 Series Active Tourer is BMW’s first front-wheel drive MPV with a dynamic and modern design. In addition to its high-performance engine and transmission, the new model is the second generation of a vehicle that combines excellent...
Bridgestone will increase its production capacity of premium motorcycle tires for high-end vehicles, particularly large superbikes of 1,000cc and more. The expansion will take place at the Nasu Plant in Nasushiobara City, Tochigi Prefecture, the Group’s only motorcycle tire production facility globally, and will mark a total investment of around 1.7 billion yen ($12.4 million). Starting in 2026, the production...
This article follows part 1 in a series of 2 on second quarter financial results (January-June of the fiscal year ending December 31, 2022) of the four large Japanese tire manufacturers. Sales increased by double digits year-on-year for all four companies. With its strong demand and weak yen exchange rate, the U.S. market was one of the factors that contributed...
