Bridgestone’s results for the fiscal year ended December 31,2024, showed revenue of 4.430 trillion yen ($29.85 billion), up 2.7% year-on-year; adjusted operating income of 483.30 billion yen, up 0.6%; and net income (including discontinued operations) of 284.99 billion yen, down 14.0%. “The company’s sales and income increased due to a tailwind from exchange rates, despite new threats from structural changes...
financial results
Japanese Tire Makers Achieve Record Sales in Fiscal 2024
The four Japanese tire makers, Bridgestone, Sumitomo Rubber, Yokohama Rubber, and Toyo Tires, have released their fiscal 2024 financial results. Although market conditions were generally harsh, all four companies posted record-high sales and record-high operating income (Bridgestone posted adjusted operating income; Sumitomo Rubber and Yokohama Rubber posted operating income), thanks in part to a tailwind from a weaker yen. On...
Resonac Reports Higher Sales, Profits: FY Results
Resonac reported sales of 1.39 trillion yen ($9.31 billion), up 7.8% from the previous year, operating income of 78.75 billion yen (compared with a loss of 3,76 billion yen in the previous year), ordinary income of 69.69 billion yen (compared with a loss of 14.77 billion yen), and net income of 55.42 billion yen (compared with a loss of 18.96...
Kuraray Says Isoprene Sales Up in Fiscal 2024: Financial Results
Kuraray reported net sales of 826.90 billion yen ($5.53 billion) for the fiscal year ended December 31, 2024, up 5.9% from the previous year; operating income of 85.08 billion yen, up 12.7%; ordinary income of 81.48 billion yen, up 18.0%; and net income of 31.72 billion yen, down 25.3%. Sales reached a record high. The isoprene segment posted sales of...
Tokai Carbon Posts FY Results, Carbon Black Sales and Profits Up
Tokai Carbon reported a 3.8% year-on-year decline in sales to 350.12 billion yen ($2.34 billion), a 49.9% drop in operating income to 19.39 billion yen, a 45.7% drop in ordinary income to 22.58 billion yen, and a net loss of 56.73 billion yen for the fiscal year ended December 31, 2024. The net loss followed a net income of 25.47...
Nitta Publishes 9M Results, Sees Higher Profits on Strong Semiconductor Business
Nitta announced net sales of 66.85 billion yen ($438.74 million), up 0.3% year-on-year; operating income of 4.12 billion yen, up 7.5%; ordinary income of 11.09 billion yen, up 19.5%; and net income of 9.42 billion yen, up 23.4%, for the first nine months of the fiscal year ending March 31, 2025 By segment, the belt and rubber products business posted...
