Toyo Tire Corp. (TYO:5105) recently posted its results for the first quarter of calendar 2019, showing overall sales of 90.14 billion yen ($817.75 million) for the period. This marks a decrease of 3.8 percent from the same quarter last year. The company’s operating profit for the quarter was similarly down 4 percent year-on-year to 10.17 billion yen, with ordinary profit...
The Japanese Rubber Workers’ Union Confederation has released the results of its 2019 spring labor initiative aimed at securing higher wages and bonuses for workers at major rubber companies. As part of this, the organization announced that 56 of its 58 member unions submitted wage requests, of which 49 have reached a settlement with the relevant companies. Meanwhile, 49 unions...
Toyo Tire Corp. (TYO:5105) recently announced that its Open Country tire series has been adopted by Toyota Motor Corp. (TYO:7203) as OE for the automaker’s new-model RAV4, which launched in North America last December. The styling of the new Toyota RAV4 conveys power befitting an SUV while also mixing this with a sense of refinement. On the practical side, the...
Toyo Tire Corp. (TYO:5105) has developed a driving simulator with realistic steering, accelerator and brake controls for tire performance safety education events. Control software developed by Toyo Tires will enable drivers to virtually experience how tire wear can change braking distance under rainy conditions or cause hydroplaning, as well as how differences in inflation pressure can alter operational stability. It...
Toyo Tire Corp. (TYO:5105) recently announced that it has gotten on board with the UN’s Sustainable Development Goals (SDGs), drafting up a plan for how the company aims to implement these SDGs throughout its group’s business by 2030. The company has also signed the United Nations Global Compact (UNGC) to help bring about an inclusive society. Toyo Tires has already...
Japan’s four major tire manufacturers have now posted their earnings forecasts for calendar 2019, with the general trend of expectations here pointing to increased sales and decreased profits. And amid this, all four of the companies are planning increases to their production capacity. While a number of factors make 2019 a difficult year to predict – including the U.S.–China trade...
