Toyo Tire Corp. (TYO:5105) is temporarily limiting its production to respond to the reduced global tire demand being seen as a result of the novel coronavirus. The company is making a series of production adjustments at its Sendai Plant in Iwanuma, Miyagi Prefecture, halting production over April 3–9 before before plans to resume these operations on April 10. The company...
Responding to the continued spread of the novel coronavirus, major tire manufacturers in Japan have decided to call off or postpone initiation ceremonies for new employees. Bridgestone Corp. (TYO:5108) is among this list, having decided to postpone its ceremonial activities. Meanwhile, Sumitomo Rubber Industries Ltd. (TYO:5110) has decided that rather than hold its usual activities for new employees, it will...
Toyo Tire Corp. (TYO:5105) has relaxed its dress code for the approximately 300 employees at its head office in an effort to promote individuality, and plans are to extend the new rules to other locations companywide. The company defines its relaxation of the dress code, which came into effect March 2, as recognizing the autonomy of each individual to select...
Japan’s four major tire manufacturers – Bridgestone Corp. (TYO:5108), Sumitomo Rubber Industries Ltd. (TYO:5110), Yokohama Rubber Co. Ltd. (TYO:5101) and Toyo Tires Corp. (TYO:5105) – are all forecasting improvements at the operating profit level for calendar 2020. Bridgestone is using adjusted operating profit here, while Sumitomo Rubber and Yokohama Rubber use business profit. However, with Bridgestone noting that it is...
Toyo Tire Corp. (TYO:5105) is planning a sequential launch in the domestic Japanese market for the M646, a new all-season truck and bus tire. In recent years, the transport industry has been speeding up initiatives aimed at optimizing its maintenance and transportation systems. This has brought about an impressive amount of innovative solutions in the sector, including designs such as...
Toyo Tires Corp. (TYO:5105) is gradually reducing the operating losses of its auto parts business. While the company’s forecasts for calendar 2020 point to this business – which is focused on anti-vibration rubber – as posting another operating loss, the specific loss here is set to more than halve compared to 2018, when the company first changed the auto parts...
