Sumitomo Rubber reported its results for the nine months (January-September) of the fiscal year ending December 31, 2024, with sales revenue of 874.94 billion yen ($5.64 billion), up 2.8% year-on-year; business profit of 61.51 billion yen, up 46.6%; and net income of 4.05 billion yen, down 85.1%. Sales revenue and business profit reached record highs for the same period. Net...
Yokohama Rubber has decided to close the plant of Alliance Tire, its subsidiary in Israel that produces and sells off-highway tires (OHT), including tires for agricultural machinery, at the end of December. The plant is one of more than 30 production bases that Yokohama Rubber operates globally and has been in operation for more than 70 years. It has 474...
Bridgestone India will increase the production capacity of premium passenger car tires at its Pune and Indore plants. The investment will be around $85 million and will begin in phases starting at the beginning of 2025. The Pune plant will increase its annual production capacity by approximately 1.1 million tires by 2029, and the Indore plant will invest in quality...
Bridgestone, Sumitomo Rubber, Yokohama Rubber and Toyo Tires have released their nine months (January-September) financial results for fiscal 2024. While some companies achieved record-high performance in the same period, partly due to the effect of yen depreciation, the North American market, which is in a sense a dollar box for Japanese, European, and U.S. tire makers, was affected by the...
NOK announced that for the first half (April-September) of the fiscal year ending March 31, 2025, net sales were 393.67 billion yen ($2.56 billion), up 11.1% year-on-year, operating income was 19.08 billion yen, up 292.4%, ordinary income was 21.12 billion yen, up 28.8%, and net income was 13.60 billion yen, up 11.7%. “Both sales and operating income were higher than...
Nitta announced a 1.3% year-on-year increase in net sales to 44.36 billion yen ($288.40 million), a 1.5% increase in operating income to 2.56 billion yen, a 16.5% increase in ordinary income to 7.25 billion yen, and a 16.3% increase in net income to 5.83 billion yen for the first half (April-September) of the fiscal year ending March 31, 2025. Sales...
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