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Japanese Tire Manufacturers Struggle to Predict How Coronavirus Will Impact 2020 Business Results

on March 2, 2020 in Coronavirus, Industry, Tires

Japan’s four major tire manufacturers – Bridgestone Corp. (TYO:5108), Sumitomo Rubber Industries Ltd. (TYO:5110), Yokohama Rubber Co. Ltd. (TYO:5101) and Toyo Tires Corp. (TYO:5105) – are all forecasting improvements at the operating profit level for calendar 2020. Bridgestone is using adjusted operating profit here, while Sumitomo Rubber and Yokohama Rubber use business profit. However, with Bridgestone noting that it is...

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Yokohama Rubber to Launch White Ribbon Tire for Classic Cars

on February 25, 2020 in Tires

Yokohama Rubber Co. Ltd. (TYO:5101) is readying a March 5 sales launch for the Radial 360 Steel, a white ribbon tire designed for use on classic cars. The tire features classic pattern and sidewall designs, with the sidewall also including a notable white ribbon. Its retro look gives classic cars a more vintage appearance. And while proving particularly popular in...

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Yokohama Rubber Chosen Once Again for Pair of ESG-Based Stock Indexes

on February 21, 2020 in Tires

Yokohama Rubber Co. Ltd. (TYO:5101) recently announced that it has once again been selected as part of the FTSE4Good Index Series and FTSE Blossom Japan Index, two global stock indexes that are focused on environmental, social and governance (ESG) investments. This marks the 15th consecutive year that Yokohama Rubber has been included in the FTSE4Good Index Series, with the company...

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Yokohama Rubber’s Tire Division Posts Decline in Sales, Profits for 2019 Despite Company Breaking Overall Records

on February 20, 2020 in Tires

Yokohama Rubber Co. Ltd. (TYO:5101) recently posted its business results for calendar 2019. While the company’s tire division struggled for the year, overall sales revenue was up marginally year-on-year to 650.46 billion yen ($5.85 billion), with business profit down 15.4 percent to 50.13 billion yen and net profit up 17.8 percent to 41.97 billion yen. This marks a new record...

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Yokohama Rubber Adds New Course to Winter Tire Test Center in Hokkaido

on February 13, 2020 in Tires

Yokohama Rubber Co. Ltd. (TYO:5101) is continuing to expand facilities at its Tire Test Center of Hokkaido (TTCH), a winter tire testing base located in the city of Asahikawa. This January, the company established a new handling course at the location with aims of putting this to use in evaluating tires for the domestic and European markets. Covered with compacted...

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Yokohama Rubber Plans Japanese Launch for All-Season Tire With Excellent Snow Performance

on December 17, 2019 in Tires

Yokohama Rubber Co. Ltd. (TYO:5101) recently announced that it is planning a full-scale Japanese market launch for a new all-season tire, the BluEarth-4S AW21. Designed with the concept of excellent snow performance and year-round usability, the tire takes techniques developed from Yokohama Rubber’s IceGuard studless winter tires and combines them with the summertime technology behind the BluEarth line. The company...

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