Sumitomo Rubber Industries Ltd. (TYO:5110) unveiled a concept tire for electric motorcycles at the 49th Tokyo Motorcycle Show, which was held over March 25–27. Based on the concept of being eco-friendly while also retaining the joy of motorcycle riding, Sumitomo Rubber aims with this tire to provide grip and handling for safe and enjoyable riding; low rolling resistance, which contributes...
Yokohama Rubber Co. Ltd. (TYO:5101) announced on March 18 that it will be gradually drawing production to a halt at LLC Yokohama RPZ, a Russian subsidiary that manufactures passenger car tires. The company cited issues with raw materials procurement as being behind its decision here. Commenting further, Yokohama Rubber said that it hopes for the current situation between Russia and...
Bridgestone Corp. (TYO:5108) announced on March 14 that it would be stopping its production of tires in Russia, as well as its tire exports to the country. On the production front, Bridgestone is suspending operations at its Russian plant for passenger car tires – located in Ulyanovsk – and freezing all new capital investment in the country. The company decided...
Nihon Michelin Tire Co. Ltd. is set to begin rolling out the Michelin City Extra, a new motorcycle tire for urban mobility, on March 14. The tire will be available in a total of five sizes. Coming as an evolution of the existing Michelin City Pro, the Michelin City Extra exhibits a higher level of safety and comfort while also...
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...
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...
