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Four Japanese Tire Makers Post Record Sales and Profit in First Half

on August 26, 2024 in Industry, Tires

The four Japanese tire makers have released their first half (January-June) results for the fiscal year ending December 31, 2024. Bridgestone, Sumitomo Rubber, Yokohama Rubber and Toyo Tires all posted record-high sales and profits for the period. Although tire sales volume was slightly struggling, the external environment, including raw material prices, yen depreciation, and lower ocean freight rates, in addition...

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Sumitomo Rubber Posts Record Highs in Second Quarter

on August 22, 2024 in Tires

Sumitomo Rubber posted second quarter (January-June) results for fiscal 2024, showing revenue of 587.04 billion yen ($4.03 billion), up 4.6% year-on-year; operating profit of 42.29 billion yen, up 147.6%; and net income of 38.73 billion yen, up 372.5%. Sales revenue, operating profit, and net income were all record highs for the same period. By business segment, the tire business posted...

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Interview With Yokohama Rubber President and COO Shinji Seimiya

on August 21, 2024 in Interviews, Tires

Japan Rubber Weekly recently sat down with Shinji Seimiya, president and COO of Yokohama Rubber, to talk about the company’s latest developments. Semiya is in charge of tire design and development, as well as manufacturing, quality, and and overseeing technology and production on a global scale. Under the new mid-term management plan Yokohama Transformation 2026 (YX2026), which started this year,...

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Test Drive Report: Sumitomo Rubber’s Next-Gen Tire Synchro Weather

on August 20, 2024 in Tires

Sumitomo Rubber will launch its next-generation all-season tire Synchro Weather on October 1. It is a revolutionary tire that combines the performance of a summer tire and a studless tire, and can be used on dry, wet, icy, snowy, and other road surfaces. The new Active Tread technology, which incorporates two switches, the Water Switch and the Temperature Switch, that...

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Sumitomo Rubber’s Next-Gen Tire Synchro Weather Gains Popularity

on August 14, 2024 in Tires

The next-generation all-season tire Synchro Weather launched by Sumitomo Rubber has been receiving a great response. The tire uses a dealer certification system to prevent sales that do not meet the needs of customers and to deepen customers’ understanding of the tire’s performance. “We are aware of the high level of interest,” company president Satoru Yamamoto, said. “The goal is...

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Bridgestone to Invest 25 Billion Yen in Kitakyushu Plant

on August 13, 2024 in Tires

Bridgestone will invest approximately 25 billion yen ($170 million) in its Kitakyushu Plant, a production base for tires for mining and construction vehicles, to renovate existing facilities. The investment is a strategic investment based on the medium-term business plan running through 2026 to achieve long-term aspirations for 2030, focusing on improving quality rather than expanding quantity, and strengthening the mining...

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