Nitta Corp. (TYO:5186) President Motonobu Nitta has revealed Phase 3 of his company’s V2020 medium- to long-term management plan. Starting in fiscal 2018, Phase 3 is set to cover a three-year span ending in fiscal 2020. By this point, the plan aims to achieve annual sales of 100 billion yen ($913 million), up from 72.9 billion yen in fiscal 2017,...
Yokohama Rubber Co. Ltd. (TYO:5101) President Masataka Yamaishi has laid out plans to continue his company’s active focus on motorsport events this year, which marks the beginning of the company’s new medium-term management plan, “Grand Design 2020.” Yamaishi revealed his plans as part of an April 22 press conference at the Suzuka Circuit in Suzuka, Mie Prefecture, where the first...
Yokohama Rubber Co. Ltd. (TYO:5101) is targeting sales of 700 billion yen ($6.56 billion), an operating profit of 70 billion yen and a return on equity of 10 percent under international financial reporting standards (IFRS) for its new medium-term management plan. Named “Grand Design 2020,” the plan is set to run through to 2020. Company president Masataka Yamaishi said that...
Sumitomo Rubber Industries Ltd. (TYO:5110) plans to surpass its sales goals for 2018, said President and CEO Ikuji Ikeda in a recent interview with Japan Rubber Weekly. The company, he said, is looking to turn around its business ahead of 2020, the company’s Vision 2020 target year. Ikeda said that the automotive industry, to which Sumitomo Rubber is deeply connected,...
Bridgestone Corp. (TYO:5108) Chairman and CEO Masaaki Tsuya has announced the tire manufacturer’s Mid-Term Management Plan (MTP) for 2017, with medium-term numerical targets largely unchanged from the MTP issued the previous year. The 2017 plan reiterates the 2016 MTP’s medium-term goals of a return on assets (ROA) of 6 percent, an operating profit rate of 10 percent, and a return...
JSR Corp. (TYO:4185) has identified solution styrene butadiene rubber (S-SBR) as a lucrative growth area in JSR20i9, the company’s medium-term business plan for fiscal 2017 to 2019. JSR hopes to achieve the plan’s goals through plant construction, greater product sales and full-capacity operations at new lines. One focus of the plan is the release of new S-SBR products with better...
