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 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 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 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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Bridgestone Corp. (TYO:5108) recently revealed that it has made a downward revision to its projected full-year results for calendar 2019. Compared to the company’s initial forecast for the year, this new forecast sees projected sales down by 70 billion yen ($656.74 million). Projected operating income, meanwhile, is down by 35 billion yen from the earlier forecast, projected ordinary income is...
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Bridgestone Corp. (TYO:5108) recently announced that it has made a downward revision to its projected business results for calendar 2019. This was prompted by a number of changes in both external conditions and market trends. For the full year, Bridgestone now expects to see sales total 3.62 trillion yen, down 1.9 percent from an initial forecast of 3.69 trillion yen....
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