According to Japanese media reports, Japan's three largest tire companies - Yokohama, Bridgestone and Sumitomo Rubber 2012 - Consolidated accounts of the results of June, on August 10 all released. In addition to the green car subsidy system driving the sales of new domestic cars in Japan, the prices of raw materials such as natural rubber and other raw materials declined compared with the same period in 2011, which also contributed to the growth of corporate earnings. The profits of the three major tire companies in the first half of the year have significantly improved compared to the same period in 2011 that was affected by the earthquake disaster.
It is reported that in addition to Sumitomo Rubber Industry's sales, operating profit and final profit hit a new high in the first six months of performance, Bridgestone's operating profit in January-June 2012 also set a record high.
Although Yokohama's tires have not been able to make precise comparisons due to a change in the previous period, it is still actually an increase in revenue. Due to the good sales momentum in the first half of the year, Yokohama Rubber raised its consolidated forecast results for the December period (January 1 to December 31, 2012) on August 10th. Compared with the initial forecast, sales increased by 1 billion yen to 576 billion yen; operating profit rose by 9 billion yen to 49 billion yen; final profit increased by 5 billion yen to 30 billion. JPY. After the upward adjustment, it is expected that the sales, operating profits and final profits for the December 2012 period will all set record highs.
It is understood that the performance of the three major tire companies has increased significantly, which is due to the price increase of tires that began in the spring of 2011, especially the maintenance of high value-added goods such as low-fuel tires. Yoshihisa Yoshihisa, Yokohama Rubber, said: "The tyres have always maintained a strong competitiveness in the world."
In addition, the historically high price of natural rubber that appeared in 2011 has fallen by about 30%, which has made a tremendous contribution to the above-mentioned company's profit growth. It is expected that this trend will continue in July-December 2012. Therefore, relevant experts predict that Sumitomo Rubber's full-year profit in 2012 will reach a record high.
However, due to the fear that the impact of the debt crisis caused by the European debt crisis, as well as the Chinese offensive followed by the cheap offensive, the three major tire companies are even more vigilant.
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