Toyoda Gosei Co. Ltd. (TYO:7282) is aiming to achieve over 1 trillion yen ($9.14 billion) in sales revenue, an operating profit margin of eight percent and a return on equity (ROE) of 10 percent in a new business plan for fiscal 2025. To this end, the company intends to develop products and commercialize new technologies in response to the spread...
Sitting down for a recent interview with Japan Rubber Weekly, Toyoda Gosei Co. Ltd. (TYO:7282) President Naoki Miyazaki said that the automotive industry is entering a massive, once-in-a-century turning point. Such a shake-up to business is an opportunity for growth, he said. Miyazaki spoke on the impact of electrification and Toyoda Gosei’s strategy to deal with it, saying that although...
Bridgestone Corp. (TYO:5108) has begun delivering Ecopia EP150 tires to Nissan Motor Co. Ltd. (TYO:7201) for use in the company’s updated Nissan Leaf electric vehicle. These tires play an important part in helping the Leaf achieve its characteristically stable control and comfortable ride, and also extend the car’s driving range. With the Ecopia line, Bridgestone has managed to reduce rolling...
Sumitomo Rubber Industries Ltd. (TYO:5110) is accelerating its development of specialized tires for electric vehicles (EVs) in anticipation of further vehicle electrification. Although the company already supplies tires for EVs, the inclusion of batteries makes EVs heavier than vehicles with internal combustion engines, leading to demand for more durable tires. Sumitomo Rubber President Ikuji Ikeda said that by further improving...
Speaking with Japan Rubber Weekly in an interview, Mitsuboshi Belting Ltd. (TYO:5192) President Hajime Kakiuchi said that he sees the number of hybrid vehicles and electric cars increasing in Japan going forward. Because there are demands in the automotive sector to reduce vehicle weight in light of improving fuel efficiency, Mitsuboshi Belting will step up its efforts to develop resin...
Toyoda Gosei Co. Ltd. (TYO:7282) has developed material technology for rubber that easily regains its shape even after applications of force over long periods of time at high temperatures. The new technology holds promise for thinner, lighter and longer lasting sealing parts to be used in battery units of the next generation of vehicles – including electric cars (EV), plug-in...
