Industries›6 companies · latest full-year results
Industry manufacturing rubber products such as tires, belts, and hoses, with deep ties to the automotive and construction machinery sectors.
The 6 rubber products companies we cover had combined revenue of ¥8.7T (+3.0% year over year) and operating profit of ¥802.3B, an industry-wide operating margin of 9.2%.
Bridgestone leads on revenue (¥4.4T, a 50.9% share), and the top three hold 79% of industry sales. 3 grew both revenue and operating profit; 0 saw both fall.
Toyo Tire has the highest operating margin (16.4%); average pay across the industry is ¥7.01M, highest at Bridgestone (¥7.55M).
Industry total
Rubber Products · 6 companies
YoY compares companies with prior-year figures
StockShares are +13.3% over a year, behind the all-industry average (+14.9%) — #25 of 53 industries.Details
GuidanceCompany plans for FY2026 (6 companies combined): revenue +4.2%, operating profit +23.1%. Planned profit growth is above the all-industry plan (+13.0%).Details
Revisions2 raised and 1 cut this year's forecast. The biggest revision: Yokohama Rubber (operating profit +15.3%).Details
Latest resultsYear to date through Q2, 3 companies combined: revenue +10.7%, operating profit +62.1% year over year. 1 are ahead of an even pace toward their full-year plan, 1 behind.Details
Disclosures2 TSE filings in the last 90 days (buybacks 2).Details
Earnings dates4 companies report within 30 days, starting with Mitsuboshi on Nov 9 and Bridgestone on Nov 12.Details
| Company | Op. profit (last FY) | This year's plan | Plan change | Revision | Progress (Q1 cumulative) |
|---|---|---|---|---|---|
| ¥381.2B | ¥515.0B | +35.1% | Unchanged | 24% |
| ¥152.9B | ¥199.5B | +30.5% | Up +15.3% | 55% |
| ¥82.6B | ¥89.0B | +7.8% | Down −11.0% | 43% |
| ¥79.6B | ¥80.0B | +0.6% | Unchanged | 48% |
| ¥97.3B | ¥94.0B | −3.4% | Unchanged | 22% |
| ¥8.7B | ¥9.9B | +14.1% | Up +12.5% | 33% |
Plans are each company's forecast for the current year from its earnings release. Plan change compares with last year's results; revisions compare the latest forecast with the first one given for the year. Progress is cumulative operating profit ÷ the full-year plan, against an even pace of 25% after Q1, 50% after Q2 and 75% after Q3 (a rough guide for seasonal businesses).
| Change | 1M | 3M | 1Y |
|---|---|---|---|
| Rubber Products | −2.7% | −8.3% | +13.3% |
| All industries | −2.7% | −0.9% | +14.9% |
| vs. market | −0.0pt | −7.3pt | −1.6pt |
Rank among industries:3M #47/531Y #25/53
Industry returns are an equal-weighted (geometric) average of member companies. Prices are split-adjusted closes for reference, not real-time.
Totals for the 4 covered companies with full-year results for every year from FY2021 to FY2025. The set is fixed, so adding or removing coverage doesn't move the figures.
Average salary is the reporting entity's figure (often a holding company) from its annual securities report. Holding companies with fewer than 50 staff are excluded.
| Company | Revenue | YoY | Operating profit | Margin | Share | Average salary | Average age | Employees |
|---|---|---|---|---|---|---|---|---|
| 1 | ¥4.4T | +0.0% | ¥381.2B | 8.6% | 50.9% | ¥7.55M | 41.9 | 14,207 |
| 2 | ¥1.2T | +12.8% | ¥152.9B | 12.4% | 14.2% | ¥6.65M | 41.1 | 5,562 |
| 3 | ¥1.2T | −0.4% | ¥82.6B | 6.8% | 13.9% | ¥6.68M | 40.2 | 7,675 |
| 4 | ¥1.1T | +8.2% | ¥79.6B | 6.9% | 13.2% | ¥7.31M | 43.7 | 6,635 |
| 5 | ¥594.9B | +5.2% | ¥97.3B | 16.4% | 6.8% | ¥6.61M | 40.6 | 3,705 |
| 6 | ¥92.3B | +2.0% | ¥8.7B | 9.4% | 1.1% | ¥7.26M | 41.0 | 780 |
| Industry total / average | ¥8.7T | +3.0% | ¥802.3B | 9.2% | 100% | ¥7.01M | 41.4 | 38,564 |
Revenue and operating profit are from each company's latest full-year results. Green margins are at or above the industry margin. Financial institutions may not report operating profit.
