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Japanese Tire Manufacturers Struggle to Predict How Coronavirus Will Impact 2020 Business Results

on March 2, 2020 in Coronavirus, Industry, Tires

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...

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Toyo Tires to Launch All-Weather Truck and Bus Tire With Improved Wear Resistance, Wet Driving Force

on February 28, 2020 in Tires

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...

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Toyo Tires Anticipates Decreased Operating Loss in Auto Parts Business for 2020

on February 27, 2020 in Tires

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...

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Toyo Tires to Transfer Truck and Bus Air Spring Business to Nitta Group

on February 7, 2020 in Industry

Toyo Tire Corp. (TYO:5105) and Nitta Corp. (TYO:5186) recently announced that they have agreed to transfer the Toyo Tire Group’s business for truck and bus air springs to the Nitta Group. Plans are for a June 30 transfer of this business, which in fiscal 2018 generated approximately 2 billion yen ($18.2 million) in sales revenue. The companies have not yet...

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Toyo Tires Moves to Unify Branding in Effort Starting With Open Country SUV Tires

on January 24, 2020 in Tires

Toyo Tire Corp. (TYO:5105) is making a push to unify its branding across tire sidewalls and more. Up until now, Toyo Tires has branded many of its tire sidewalls simply with “Toyo.” But starting with the Open Country series of SUV tires, which has been made available in a wider lineup of sizes as of last December, the company is...

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Toyo Tires, Nitto Booths to Go up at Tokyo Auto Salon 2020

on January 8, 2020 in Industry, Tires

Toyo Tire Corp. (TYO:5105) will be setting up both a Toyo Tires booth and a Nitto booth at Tokyo Auto Salon 2020. One of the world’s largest custom car shows, this year’s Tokyo Auto Salon will be held over Jan. 10–12 at Makuhari Messe in Chiba, Chiba Prefecture. The Toyo Tires-branded booth will be depicting the company’s new brand statement,...

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