Bridgestone Corp. (TYO:5108) has released its business results for 2021, revealing 3.25 trillion yen ($28.25 billion) in sales revenue, up 20.4 percent year-on-year; 394.34 billion yen in adjusted operating profit, up 90.1 percent; and 394.04 billion yen in net profit including discontinued operations, up from a 23.3 billion loss the previous year. In the tire business specifically, Bridgestone saw major...
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Toyo Tire Corp. (TYO:5105) has posted its business results for 2021, revealing a strong performance for the year. Sales for the year came to 393.65 billion yen ($3.42 billion), up 14.5 percent, while operating income was 53.1 billion yen, up 46.1 percent. Explaining these results, company president Takashi Shimizu said that net income was boosted significantly by strong North American...
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Sumitomo Rubber Industries Ltd. (TYO:5110) is planning to introduce its Dunlop e. Sport Maxx – the company’s first aftermarket tire for electric vehicles (EVs) – to the Chinese market, where demand for EVs is booming. The e. Sport Maxx is slated for an early launch in China this April. Then in 2023, Sumitomo Rubber is planning a European launch for...
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Nippon Goodyear KK has announced the domestic launch of two new Goodyear tires: the Eagle F1 Supersport, an ultrahigh-performance tire, and the EfficientGrip Performance 2, a high-performance comfort tire. Sales of the Eagle F1 SuperSport are set to begin on March 1, with the tire being offered in a total of 20 sizes ranging 18–21 inches. The EfficientGrip Performance 2...
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Bridgestone Corp. (TYO:5108) is looking to increase its Japanese production capacity for premium passenger car tires. Plans here will see the company carry out improvements at four of its passenger car tire plants: namely, those in Tochigi, Hikone, Hofu and Tosu. Total investment here is slated to come to around 8.2 billion yen ($71.1 million), with construction beginning in the...
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Sumitomo Rubber Industries Ltd. (TYO:5110) has announced plans to roll out the Dunlop SP LT22 starting March 1. A new all-season tire offering significantly improved all-round wet performance for light trucks and buses, the SP LT22 will be available in a total of 20 sizes, allowing it to be fitted to a wide range of vehicles. The new tire promises...
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