Toyo Tire & Rubber Co. Ltd. (TYO:5105) recently announced that it has won a 2018 Good Design Award for its M925 snow tire, a product made exclusively for snowplows. Launched in July 2017, the M925 is designed to improve snowplow performance. The tire sets itself apart with its tread: while conventional studless tires for trucks and buses adopt a symmetric...
More than three-quarters of Japan’s top 100 rubber companies saw their sales rise year-on-year in fiscal 2017, an independent study by Japan Rubber Weekly has found. According to the results of this study, 79 of Japan’s top 100 firms operating in the industry reported year-on-year increases to sales, up from 48 in fiscal 2016. Double-digit sales growth was posted by...
Toyo Tire & Rubber Co. Ltd. (TYO:5105) is looking to transfer its flexible urethane business, which targets the market for automotive seat cushions, to Toyo Quality One Corp. This comes as part of a plan from Toyo Tires to strengthen its management around a core of tires and automotive anti-vibration rubber, having already moved to divest its operations for chemical...
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...
