business plan

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...

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Zeon Fixates on Development Amid Predictions of a Tough Year

Zeon Corp. (TYO:4205) commented recently on its outlook for fiscal 2019, saying that the year will be one requiring patience. Following from this, the company intends to focus on development and gain a better understanding of customers’ real needs, rolling this approach out as a global policy for the fiscal year. While the ongoing U.S.–China trade war does not have...

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Yokohama Rubber Emphasizes Truck and Bus Tire Sales Growth in Latest Management Plan

Yokohama Rubber Co. Ltd. (TYO:5101) is targeting sales of 700 billion yen ($6.56 billion), an operating profit of 70 billion yen and a return on equity of 10 percent under international financial reporting standards (IFRS) for its new medium-term management plan. Named “Grand Design 2020,” the plan is set to run through to 2020. Company president Masataka Yamaishi said that...

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Bando Chemical President Details Plans in Preparation for EV Shift

Mitsutaka Yoshii, president of rubber belt and functional parts manufacturer Bando Chemical Industries Ltd. (TYO:5195), sat down with Japan Rubber Weekly ahead of the new year to discuss his company’s plans for 2018. Noting that Bando’s new businesses have finally taken shape, he stressed that placing them on a sound growth footing is the key task in the second stage...

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Mitsui Chemicals Posts Record-High Profits for First Half

Mitsui Chemicals Inc. (TYO:4183) President and CEO Tsutomu Tannowa recently announced that the company set new record-high operating, ordinary and net profits in the first half (April–September) of the fiscal year ending March 31, 2018. Over the period, the company generated 620.9 billion yen ($5.49 billion) in sales, 48.2 billion yen in operating profit, 49.9 billion yen in ordinary profit...

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Bridgestone Reiterates Global Efforts, Goals in 2017 Medium-Term Business Plan

Bridgestone Corp. (TYO:5108) Chairman and CEO Masaaki Tsuya has announced the tire manufacturer’s Mid-Term Management Plan (MTP) for 2017, with medium-term numerical targets largely unchanged from the MTP issued the previous year. The 2017 plan reiterates the 2016 MTP’s medium-term goals of a return on assets (ROA) of 6 percent, an operating profit rate of 10 percent, and a return...

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