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Tires & Rubber Products

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Bridgestone targets 5-6 pct annual profit growth in Americas- Nikkei

Monday, 13 Mar 2017 03:10pm EDT

Nikkei: Bridgestone will aim for operating profit growth of 5-6% annually in its mainstay North And South American business . Bridgestone's operating profit for Americas segment projected to grow 18% to 239 billion yen in the year ending December 2017 . Bridgestone's consol group sales projected to rise 9% to 3.63 trillion yen in fiscal 2017, operating profit forecast to grow 1% to 452 billion yen .Bridgestone's Japan, operating profit in 2017 is forecast to drop 9% to 137 billion yen.

BRIEF-Sameer Africa sees FY earnings to be lower by more than 25%

Thursday, 1 Sep 2016 04:20am EDT

Sameer Africa Ltd : Says Board resolved to cease manufacture of tyres and allied products at Sameer Africa factory in Nairobi . Says to commence off-shore production by tyre manufacturers domiciled in China and India . Says to incur one-off charge in respect of plant and inventory impairment and employee severance cost about 725 million shillings . Says earnings for current financial year expected to be lower by more than 25% of earnings reported same period in 2015 Source : http://j.mp/2bTJLnd Further company coverage: [FIRE.NR] (Bangalore.newsroom@thomsonreuters.com) Keywords: (CORRECTED).

Shoko says reorganization in units

Friday, 17 Jun 2016 02:24am EDT

Shoko Co Ltd <8090.T> : Says it plans to transfer its science system business to its wholly owned subsidiary SKS, on Oct. 1 .Says SKS to merge the company's another wholly owned subsidiary SIS which to be dissolved after the transaction, effective on Oct. 1.

Sumitomo Riko Company to merge with unit

Thursday, 24 Mar 2016 03:00am EDT

Sumitomo Riko Company Limited:Says the co to merge with its wholly owned Kyoto-based subsidiary with effective date on Oct. 1.Says the unit to be dissolved after the transaction.

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