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Yokohama Rubber Announces New Medium-Term Management Plan YX2026

on February 27, 2024 in Products, Tires

Yokohama Rubber announced a new medium-term management plan, “Yokohama Transformation 2026 (YX2026),” covering the period from 2024 to 2026. Under YX2026, the company aims to achieve hockey stick growth by 2027 through further promoting the deepening of strengths and exploration of new values in existing businesses that have been promoted since the previous mid-term plan, YX2023. The management targets for...

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Tokai Carbon Looks to Boost Carbon Black Profitability With New Management Plan

on May 19, 2021 in Materials

Tokai Carbon Co. Ltd. (TYO:5301) President Hajime Nagasaka has unveiled T-2023, the company’s new three-year medium-term management plan. The company aims to end the plan in fiscal 2023 with record-high sales revenue of 320 billion yen ($2.94 billion), as well as operating income of 57 billion yen, an ROS figure of 18 percent and an EBITDA of 86 billion yen....

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Bridgestone Looks to Rebuild Earnings Power in Core Businesses

on March 3, 2021 in Tires

Bridgestone Corp. (TYO:5108) is looking to rebuild the earnings power of its core businesses as part of a new medium-term business plan for fiscal 2021–2023. By pursuing restructuring under this medium-term plan, Bridgestone aims to minimize its operating costs, reducing fixed costs by 53 billion yen ($496.66 million). Further, the company is planning over the three-year period to cull approximately...

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Bridgestone Nominates Masahiro Higashi as New Global COO

on May 15, 2020 in Tires

Bridgestone Corp. (TYO:5108) announced on May 11 that Representative Executive Officer Masahiro Higashi has been picked to fill the role of Global COO going forward. The decision came at a board of directors meeting on the same day. Higashi will also take up a number of other new roles, including global chief administration officer (CAO), CEO and president of the...

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

on February 18, 2019 in Market Background, Uncategorized

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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Interview: Sumitomo Riko President Tetsu Matsui Notes Chinese Auto Sales as Point of Concern for 2019

on January 15, 2019 in Materials

Sumitomo Riko Co. Ltd. (TYO:5191) is keeping a close eye on trends in the automotive industry as it continues to make strides with its 2022V medium-term management plan. Japan Rubber Weekly recently sat down with company president Tetsu Matsui to hear his thoughts on these trends and their direction as the company gears up for 2019. Predicting how market trends...

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