business performance

Bridgestone’s Hose Business Sees V-Shaped Demand Recovery Both Domestically and Abroad

Bridgestone Corp.’s (TYO:5108) hose business has shown promising trends with its first-half results for calendar 2021. With demand marking a V-shaped recovery from last year both in Japan and overseas, the company’s business here has managed year-on-year increases in both sales revenue and profit, with the former of these metrics rising by double digits. Domestically, hose demand in OE applications...

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Bridgestone’s Conveyor Belt Business Sees Domestic Sales Slip Amid COVID-19

Sales revenue from Bridgestone Corp.’s (TYO:5108) domestic conveyor belt business fell slightly year-on-year for the first half of calendar 2020, the company has revealed. While conveyor belt sales to the iron and steel industry were largely unchanged from the previous year, those to more general users were down due to customers putting plans on hold amid COVID-19, causing the business’s...

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Bridgestone Forecasts Second COVID Wave Will Reduce 2020 Demand

Bridgestone Corp. (TYO:5108) has announced its business results forecast for the full fiscal year through December 2020, including an adjustment for anticipated decline in demand during the October–December fourth quarter due to a second wave of the COVID-19 pandemic. The forecast calls for total sales revenue of 2.89 trillion yen ($28 billion), a 7 percent increase from the previous forecast...

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Interview: Gates Unitta Asia VP Shuji Miyamoto Sees Recovery in Q3 of Calendar Year

After taking a hit from COVID-19, Gates Unitta Asia Co. (GUA) now sees signs of recovery as it heads into the third quarter of the calendar year. Japan Rubber Weekly recently sat down with Shuji Miyamoto, who serves as VP at the auto parts supplier, to get some insight into the company’s business results, overseas performance and management strategies. Miyamoto...

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Sumitomo Rubber Sees Signs of Better Than Expected Recovery in Tire Business

While concerns are there for Sumitomo Rubber Industries Ltd.’s (TYO:5110) tire business over a potential second wave of COVID-19, it is currently seeing better than expected recovery. Speaking recently as part of a recent business results briefing for the first half of calendar 2020, President Satoru Yamamoto said that although Sumitomo Rubber’s tire business can expect to see some degree...

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Toyo Tires Sees US Business Propped up by Strong Results for Large-Diameter Tires

Toyo Tire Corp. (TYO:5105) President Takashi Shimizu recently revealed that his company is performing well in the U.S. market, giving insight into the company’s operations here as part of a recent results announcement for the first half of calendar 2020. Commenting on these regional operations, Shimizu said that things are going quite well for Toyo Tires in the U.S., with...

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