Yokohama Rubber has revealed its financial results for calendar 2022, including revenue of 860.48 billion yen ($9.35 billion), up 28.3% year-on-year; business profit of 70.09 billion yen, up 12.8%; and net profit of 45.92 billion yen, down 29.9%. While the company’s net profit fell year-on-year due to a number of factors – such as the previous year’s figures having been...
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Sumitomo Rubber reported financial results for the year ended December 2022, with net sales of 1.10 trillion yen ($8.20 billion), up 17.4% year-on-year, operating income of 22.00 billion yen, down 57.7%, and net income of 9.42 billion yen, down 68.1%. President Satoru Yamamoto said, “Sales revenue increased due to sales growth mainly in the tire and sports businesses, but operating...
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Bridgestone has posted its financial results for calendar 2022, revealing annual revenue of 4.11 trillion yen ($30.62 billion) – an increase of 26.6% year-on-year. The company’s adjusted operating profit for the year came to 482.63 billion yen, up 24.4%, while its net profit was 305.51 billion yen, down 0.8%. Also included in the financial results was an overview of factors...
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Toyoda Gosei has revealed its cumulative business results for the first three quarters of fiscal 2022, showing a year-in-year drop in Japanese performance but an improvement in multiple overseas markets. The company’s revenue for the period came to 701.81 billion yen ($5.25 billion), up 16.9 percent year-on-year; meanwhile, its operating profit was up 24.7 percent to 23.69 billion yen, and...
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Fluororubber manufacturer Daikin Industries reported sales of 2,985.67 billion yen ($22.83 billion) for the nine months of the fiscal year ending March 31, 2023, up 29.7% year-on-year. Operating profit was 303.76 billion yen, up 17.1%, ordinary profit was 299.26 billion yen, up 12.3%, and net profit was 208.95 billion yen, up 16.9%. By segment, the Chemicals business posted sales of...
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Synthetic rubber manufacturer Zeon in the elastomer materials business reported sales of 111.41 billion yen ($839.56 million), up 12.7 percent year-on-year, and operating profit of 9.33 billion yen, down 13.9 percent in the first half (April-September) of the fiscal year ending March 2023. Sales volume of synthetic rubber remained steady. Commodity synthetic rubber volumes were firm due to high tire...
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