sales forecast

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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Denka Posts 20% Year-on-Year Drop in Second-Quarter Sales

Denka Co. Ltd. (TYO:4061) posted 160.3 billion yen ($1.52 billion) in sales in its business report for the April–September quarter of fiscal 2020, marking a year-on-year  drop of 16.5 percent. Operating income was just under 12.07 billion yen, down 21.4 percent year on year, while ordinary income was 12.29 billion yen, down 15.4 percent, and net profit at 10 billion...

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Sumitomo Rubber Anticipates 16% Drop in Sales Revenue for 2020

Sumitomo Rubber Industries Ltd. (TYO:5110) has disclosed its business results estimates for the first half along with its forecast for the full business year through December. The forecast through end of June anticipates first-half sales revenue of 340 billion yen ($3.22 billion), down 20.8 percent from the first half of the previous year; business losses of 2.5 billion yen compared...

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Denka Makes Downward Revision to Business Estimates Amid Sluggish Sales, Coronavirus Outbreak

Denka Co. Ltd. (TYO:4061) recently announced that it has downwardly revised its projected business results for fiscal 2019. Explaining its decision here, Denka noted first that it has seen sluggish sales trends for chloroprene rubber (CR) amid the U.S.–China trade war. The chemical company has also looked to account for the novel coronavirus to some extent, expecting that this will...

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Bridgestone Makes Downward Revision to Projected Business Results for 2019

Bridgestone Corp. (TYO:5108) has made a downward revision to its earnings forecast for calendar 2019, with both sales and profit estimates being lowered from the company’s previous forecast. By Bridgestone’s estimates, tire demand for calendar 2019 is expected to see a particular drop in Europe, as well as in Asia – the latter being defined here as Thailand, Indonesia, India...

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Yokohama Rubber Sticks to Initial Forecast for 2019 Following Release of First-Half Results

Yokohama Rubber Co. Ltd. (TYO:5101) recently posted its business results for the first half of calendar 2019. Based on these results, the company has stated that it will abide by its initial forecast for the full year, which points to sales revenue of 660 billion yen ($6.2 billion), operating profit of 57.5 billion yen and a net profit of 46...

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