Toyo Tire & Rubber Co. Ltd. (TYO:5105) has downwardly revised its results forecast for calendar 2018, lowering its projections for sales by 1.3 percent, operating profit by 4.3 percent, ordinary profit by 5.2 percent and net profit by 24.1 percent when compared to initial estimates. Explaining the adjustment to operating profit, company president Takashi Shimizu first said that while raw...
Toyo Tire & Rubber Co. Ltd. (TYO:5105) announced on Jan. 15 a change in its trade name to Toyo Tire Corp. The decision by the board of directors came earlier that day, and the change is set to come into effect on Jan. 1, 2019. During an earnings briefing held on the day of the announcement, Toyo Tires President Takashi...
Toyo Tire & Rubber Co. Ltd. (TYO:5105) announced on July 28 the transfer of its chemical industrial products business run by the company’s tire division. The transfer will exclude operations pertaining to isolation rubber for construction. Takashi Shimizu, the company’s president, recently spoke about the transfer, saying that the decision to divest its business involved in chemical industrial products and...
Message to New Employees Takashi Shimizu, president of Toyo Tire and Rubber Co. Ltd. (TYO:5105), recently addressed the company’s new employees in a speech where he told them to take basic work principles on board. Shimizu told the new recruits that, since becoming president, he has been saying that employees should have a sense of crisis in the sense that...
