Toyoda Gosei reported sales revenue of 951.87 billion yen ($7.05 billion), up 14.7% year-on-year, operating profit of 35.06 billion yen, up 2.6%, and net profit of 16 billion yen, down 31.5% in the fiscal year ended March 31, 2023 (IFRS). The factors contributing to the increase in operating income were rationalization of 17.5 billion yen, foreign exchange of 7.1 billion...
Fujikura Composites said that its printing materials (blankets) business posted year-on-year sales and profit growth in the first half (April-December) of the fiscal year ending March 31, 2023. The Japanese domestic market was sluggish, but the weak yen helped drive strong exports, which drove performance. Another positive factor was the penetration of price increases implemented in the previous fiscal year....
The four main tire manufacturers based in Japan have now all announced their results for calendar 2022. With sales volume on the rise, a weak yen, and a spate of price hikes made in response to surging raw material costs and other costs, all four of these companies saw their revenue increase for the year. However, they were split with...
Toyo Tires reported net sales of 497.21 billion yen ($3.65 billion) for the fiscal year ended December 2022, up 26.3% year-on-year. Operating income was 44.05 billion yen, down 17.0%, ordinary income was 51.04 billion yen, down 8.7%, and net income stood at 47.96 billion yen, up 16.0% . “Net sales reached a record high thanks to foreign exchange benefits, while...
Yokohama Rubber has revealed its financial results for calendar 2022, including revenue of 860.48 billion yen ($9.35 billion), up 28.3% year-on-year; business profit of 70.09 billion yen, up 12.8%; and net profit of 45.92 billion yen, down 29.9%. While the company’s net profit fell year-on-year due to a number of factors – such as the previous year’s figures having been...
Sumitomo Rubber reported financial results for the year ended December 2022, with net sales of 1.10 trillion yen ($8.20 billion), up 17.4% year-on-year, operating income of 22.00 billion yen, down 57.7%, and net income of 9.42 billion yen, down 68.1%. President Satoru Yamamoto said, “Sales revenue increased due to sales growth mainly in the tire and sports businesses, but operating...
