The Japanese Rubber Workers’ Union Confederation has released the results of its 2019 spring labor initiative aimed at securing higher wages and bonuses for workers at major rubber companies. As part of this, the organization announced that 56 of its 58 member unions submitted wage requests, of which 49 have reached a settlement with the relevant companies. Meanwhile, 49 unions...
Yokohama Rubber Co. Ltd.’s (TYO:5101) Yokohama Magokoro Fund, a charity initiative funded by voluntary employee donations, has contributed funding to support ChildFund Japan. As a special nonprofit organization (NPO), ChildFund Japan runs initiatives such as a sponsorship program that sees sponsors exchange letters with children in need while helping to support their growth. To bolster the donation, Yokohama Rubber has...
Yokohama Rubber Co. Ltd. (TYO:5101) has started supplying its Geolandar SUV and Geolandar G033 tires as OE for the new Delica D5 minivan from Mitsubishi Motors Corp. (TYO:7211), which launched in Japan on Feb. 15. The new Delica D5 is available as either a standard model or the Delica D5 Urban Gear model, which incorporates new modern elements. The standard...
The Alliance Tire Group (ATG), a subsidiary of Yokohama Rubber Co. Ltd. (TYO:5101), is looking to expand its lineup in the Japanese market for the agricultural machinery tires that it manufactures and sells under the Alliance brand. The group has begun offering a number of new tire sizes to this end. Coming as new products here are seven sizes of...
Japan’s four major tire manufacturers have now posted their earnings forecasts for calendar 2019, with the general trend of expectations here pointing to increased sales and decreased profits. And amid this, all four of the companies are planning increases to their production capacity. While a number of factors make 2019 a difficult year to predict – including the U.S.–China trade...
Yokohama Rubber Co. Ltd. (TYO:5101) recently posted its business results for calendar 2018, showing a slight increase to overall sales but a drop in most profit metrics. Across the company’s various divisions, sales rose 0.6 percent year-on-year to reach 650.24 billion yen ($5.89 billion). Business profit was then up 1.7 percent to 59.26 billion yen, but operating profit was down...
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