Toyo Tire Corp. (TYO:5105) is aiming to strengthen its relationship with Mitsubishi Corp. (TYO:8058) on a comprehensive level. By pursuing this while also capitalizing on its own strengths, the tire manufacturer plans for the resulting synergies to provide a positive effect of 10 billion yen ($94.64 million) in operating profit by 2023. Expectations here are that carrying out policies alongside...
Tires
Sumitomo Rubber to Reveal New Medium-Term Plan Next February
Commenting recently on the progress of his company’s Vision 2020 long-term plan, Sumitomo Rubber Industries Ltd. (TYO:5110) CEO Satoru Yamamoto noted that a number of factors that have changed since this vision was first put together. And with the changes here including raw material costs, slowing GDP growth and other such global factors, Yamamoto said that Sumitomo Rubber is now...
Yokohama Rubber Sticks to Initial Forecast for 2019 Following Release of First-Half Results
Yokohama Rubber Co. Ltd. (TYO:5101) recently posted its business results for the first half of calendar 2019. Based on these results, the company has stated that it will abide by its initial forecast for the full year, which points to sales revenue of 660 billion yen ($6.2 billion), operating profit of 57.5 billion yen and a net profit of 46...
Bridgestone COO Akihiro Eto Comments on Downward Revision to Full-Year Forecast
Bridgestone Corp. (TYO:5108) recently revealed that it has made a downward revision to its projected full-year results for calendar 2019. Compared to the company’s initial forecast for the year, this new forecast sees projected sales down by 70 billion yen ($656.74 million). Projected operating income, meanwhile, is down by 35 billion yen from the earlier forecast, projected ordinary income is...
Sumitomo Rubber Speeds up Development Efforts Based on Smart Tyre Concept
Sumitomo Rubber Industries Ltd. (TYO:5110) is looking to accelerate the development of safe, eco-friendly products under its Smart Tyre Concept, pushing forward with this as part of a broader effort toward technological innovation. President Satoru Yamamoto said that Sumitomo Rubber in 2020 will look to embody Performance Sustaining Technology – one of five tenets under the Smart Tyre Concept –...
Bridgestone Makes Downward Revision to 2019 Forecast
Bridgestone Corp. (TYO:5108) recently announced that it has made a downward revision to its projected business results for calendar 2019. This was prompted by a number of changes in both external conditions and market trends. For the full year, Bridgestone now expects to see sales total 3.62 trillion yen, down 1.9 percent from an initial forecast of 3.69 trillion yen....
