Toyo Tires reported a 2.3% year-on-year increase in net sales to 565.36 billion yen ($3.78 billion), a 22.2% increase in operating income to 93.98 billion yen, an 18.7% increase in ordinary income to 102.12 billion yen, and a 3.5% increase in net income to 74.81 billion yen for the fiscal year ended December 31, 2024. Sales and profits reached record...
Yokohama Rubber’s financial results for the fiscal year ended December 31, 2024, showed revenue from sales of 1.095 trillion yen ($7.33 billion), up 11.1% year-on-year; business profit of 134.38 billion yen, up 35.6%; and net income of 74.92 billion yen, up 11.4%. Sales revenue, business profit, and net income were all record highs, with sales revenue exceeding 1 trillion yen...
Bridgestone’s results for the fiscal year ended December 31,2024, showed revenue of 4.430 trillion yen ($29.85 billion), up 2.7% year-on-year; adjusted operating income of 483.30 billion yen, up 0.6%; and net income (including discontinued operations) of 284.99 billion yen, down 14.0%. “The company’s sales and income increased due to a tailwind from exchange rates, despite new threats from structural changes...
The four Japanese tire makers, Bridgestone, Sumitomo Rubber, Yokohama Rubber, and Toyo Tires, have released their fiscal 2024 financial results. Although market conditions were generally harsh, all four companies posted record-high sales and record-high operating income (Bridgestone posted adjusted operating income; Sumitomo Rubber and Yokohama Rubber posted operating income), thanks in part to a tailwind from a weaker yen. On...
Resonac reported sales of 1.39 trillion yen ($9.31 billion), up 7.8% from the previous year, operating income of 78.75 billion yen (compared with a loss of 3,76 billion yen in the previous year), ordinary income of 69.69 billion yen (compared with a loss of 14.77 billion yen), and net income of 55.42 billion yen (compared with a loss of 18.96...
Kuraray reported net sales of 826.90 billion yen ($5.53 billion) for the fiscal year ended December 31, 2024, up 5.9% from the previous year; operating income of 85.08 billion yen, up 12.7%; ordinary income of 81.48 billion yen, up 18.0%; and net income of 31.72 billion yen, down 25.3%. Sales reached a record high. The isoprene segment posted sales of...
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