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Sumitomo Rubber President Satoru Yamamoto Notes Quick Sales Recovery for High-Performance Tires

Speaking at an online results briefing on Feb. 9, Sumitomo Rubber Industries Ltd. (TYO:5110) President Satoru Yamamoto commented on his company’s performance in coming out of the slump in global tire demand. Sumitomo Rubber’s sales, he said, are seen to be recovering faster than overall market demand. And what is more, he added, the company is projecting a particularly fast...

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Sumitomo Riko President Kazushi Shimizu Eyes Electric-Powered Vehicles as Driver of Business Growth

Sumitomo Riko Co. Ltd. (TYO:5191) President Kazushi Shimizu spoke recently about the expectation of growth in the electric-powered vehicle market, describing the trend as something that should benefit his company going forward. And already, he said, Sumitomo Riko is doing well at securing orders for new products in this field. Shimizu said that given the policies of national and local...

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Bridgestone Works With Kumamoto University to Develop Electric Bus Tire

Bridgestone Corp. (TYO:5108) has developed a prototype tire specifically for electric buses, achieving this by way of joint research with Kumamoto University’s Faculty of Advanced Science and Technology. The hope is that this will contribute to the rollout of sustainable public transport. Intended to help reduce the total running costs of electric buses, the prototype tire has been designed specifically...

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Denka Posts 20% Year-on-Year Drop in Second-Quarter Sales

Denka Co. Ltd. (TYO:4061) posted 160.3 billion yen ($1.52 billion) in sales in its business report for the April–September quarter of fiscal 2020, marking a year-on-year  drop of 16.5 percent. Operating income was just under 12.07 billion yen, down 21.4 percent year on year, while ordinary income was 12.29 billion yen, down 15.4 percent, and net profit at 10 billion...

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Tokai Carbon Positions Carbon Black Business as Revenue Base in New Medium-Term Plan

Tokai Carbon Co. Ltd. (TYO:5301) has positioned its carbon black business as a major base of revenue within T-2021, a new medium-term management plan set to run from 2019 to 2021. Under this plan, Tokai Carbon’s carbon black business is projected to generate 124 billion yen for 2021, up from a 115.3 billion projection for 2019. Operating profit from the...

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Yokohama Rubber Sees Sales Increase But Profit Decline for 2018

Yokohama Rubber Co. Ltd. (TYO:5101) recently posted its business results for calendar 2018, showing a slight increase to overall sales but a drop in most profit metrics. Across the company’s various divisions, sales rose 0.6 percent year-on-year to reach 650.24 billion yen ($5.89 billion). Business profit was then up 1.7 percent to 59.26 billion yen, but operating profit was down...

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