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) has announced that it will endorse and join as a member of the 2018 Telework Days event, a national movement backed by the Ministry of Economy, Trade and Industry (METI) as part of a push for workplace reform. The rubber company has already been looking to better handle fluctuations in business with a...
Toyo Tire & Rubber Co. Ltd. (TYO:5105) recently revealed that it has begun supplying its Proxes R47 tires as original equipment to Toyota Motor Corp. (TYO:7203) for the automaker’s new Toyota Crown, which was announced on June 26. The updated Crown represents the 15th generation of the model following its debut in 1955. In developing the new model, Toyota has...
Toyo Tire & Rubber Co. Ltd. (TYO:5105) has developed proprietary new technology for the simulation of tire aerodynamics. This will help the company to bring about highly aerodynamic new tires, which are necessary to help improve fuel efficiency and deal with the shift toward electrified vehicles. Loaded with various pattern designs from actual tires, the technology combines these with driving...
Toyo Tire & Rubber Co. Ltd. (TYO:5105) recently announced that it will launch the new Proxes Sport SUV tire on June 1. A premium sports tire for SUVs, the new product is being marketed under the company’s global flagship brand Proxes. With this product launch, Toyo Tires is looking to expand its lineup of SUV tires in the Japanese market....
Mitsubishi Motors Corp. (TYO:7211) has adopted the Proxes R44 tire made by Toyo Tire and Rubber Co. Ltd. (TYO:5105) as original equipment for its new Eclipse Cross SUV, which launched on March 1. The tires are made with Nano Balance Technology, a proprietary technology for basic materials design that provides for nano-level control during the development of rubber materials. This...
