With the transport sector facing a difficult business environment amid COVID-19, Bridgestone Corp. (TYO:5108) is seeing effects on both demand and sales for its retread tires. Nonetheless, such tires continue to make up a rising portion of Bridgestone’s sales with each passing year. And going forward, the company aims to continue growing its sales of retreads, which reliably provide both...
President Yoichiro Watanabe of Asahi Rubber Inc. (TYO:5162) recently went into detail on the company’s 12th three-year medium-term management plan, termed the V-2 Plan. The rubber product manufacturer, which works with automotive electronics, biotechnology and environmental products, aims to achieve 7–8 billion yen ($62.84–71.72 million) in consolidated sales and an 8-percent consolidated operating profit margin by the end of fiscal...
Following the January establishment of joint venture Nexen Tire Japan Inc., partners Nexen Tire Corp. and Toyota Tsusho Corp. (TYO:8015) are eager for their new JV to make a full-scale entry into the Japanese market. The company hopes to hit a landmark of 1 million annual unit sales by 2022, acknowledging the target is ambitious but believing it possible to...
