Japanese tyre maker maintains 2025 guidance despite profit decline

Bridgestone Corp, the world's one of largest tyre manufacturers, reported a 42 percent decline in first-half net profit as restructuring costs weighed on earnings, though the company maintained its full-year guidance amid improving operational performance.

The Tokyo-based company posted net profit attributable to shareholders of 115.5 billion yen for the six months ended June 30, down from 199.1 billion yen a year earlier. The decline was primarily due to exceptional gains from asset sales recorded in the previous year.

Revenue fell three percent to 2.12 trillion yen, reflecting challenging market conditions across key regions. However, adjusted operating profit rose two percent to 234.6 billion yen, with margins improving to 11.1 percent from 10.5 percent in the same period last year.

"Return from business rebuilding" and "business cost reduction" initiatives contributed positively to results, the company said, offsetting headwinds from raw material costs and foreign exchange fluctuations.

Regional performance varied significantly. The Europe, Middle East and Africa segment showed the strongest improvement, with adjusted operating profit surging 151 percent to 18.5 billion yen as restructuring efforts began to bear fruit. The Americas division also posted a four percent increase in operating profit despite a six percent revenue decline.

However, Japan, the company's home market, saw operating profit drop 12 percent to 82.5 billion yen as margins compressed to 13.7 percent from 16.0 percent previously.

Bridgestone maintained its 2025 guidance, projecting revenue of 4.33 trillion yen and adjusted operating profit of 505 billion yen. The company revised down its estimate of the impact from US tariffs to 25 billion yen from a previous 45 billion yen forecast in May.

"Counter the direct impact of US tariffs — Impact on AOP has been revised from 45 billion yen level (May guidance) to 25 billion yen level (August guidance)," the company stated in its presentation.

The tyre maker is progressing with its capital allocation strategy announced in February, including a 300 billion yen share buyback programme. As of end-July, approximately 47% of the repurchase plan had been completed.

Global CFO and Executive Director Naoki Hishinuma highlighted the company's focus on premium segments and operational improvements as key drivers for future growth.

Bridgestone's diversified products business, including air springs and chemical products, remained under pressure with an eight percent decline in both revenue and operating profit during the half-year period.

Comments (0)

ADD COMMENT

Link Copied!

Titan International has elevated Kendra Mann to the role of Director of Aftermarket Sales for the Titan and Goodyear agricultural tyre lines. In this capacity, she becomes a key member of Paul Hawkins’ North American aftermarket leadership team, where she will oversee strategic direction and operational execution within the aftermarket channel. This appointment underscores Titan’s ongoing commitment to strengthening its agricultural aftermarket presence as the company continues to focus on growth and dealer alignment across North America.

With over two decades in the tyre industry, Mann brings extensive expertise to her new position, including the last eight years spent at Titan. Her previous roles there ranged from OEM Account Manager to Field Sales Manager overseeing a multi-state territory, where she drove aftermarket expansion. Prior to joining Titan, she spent 15 years at GCR Tires and Service managing commercial tyre operations. In her latest capacity, she will work closely with field sales, product management and dealer networks to ensure seamless coordination across the Titan and Goodyear agricultural portfolios.

Looking ahead, customers can expect a sharper focus on aligning field support with sales and marketing strategies, reinforcing the dealer partnerships that form the backbone of daily service. Through this leadership change, Titan aims to enhance responsiveness and deliver a more cohesive experience across the agricultural aftermarket channel.

Paul Hawkins, SVP of Aftermarket Sales, said, “Kendra has earned this. She understands the business, she understands the customer and she knows how to move the needle for our aftermarket business. This is the right person in the right role at the right time for Titan agriculture.”

Scott Sloan, Global Ag/LSW Product Manager, said, "Kendra has built valuable relationships in the field. She knows how dealers operate and what customers need on the ground. That perspective is going to make a real difference in how we execute across the ag aftermarket."

Kim Boccardi, VP of Marketing, said, "Kendra is the kind of person who makes everyone around her better. She's put in the work, she knows the industry, and watching her step into this role is exactly what you hope to see. Titan is better with her joining our leadership team."

Comments (0)

ADD COMMENT

Link Copied!

Linglong Tire has announced a leadership transition, with Zhou Lingkun appointed as President and CEO as of 16 March 2026. Assuming full operational command, his primary objective is to refine the company’s corporate governance structure. Meanwhile, former President Wang Feng, whose family retains controlling shares, continues as Chairman of the board.

A 1974-born graduate of Zhejiang University, Lingkun brings a robust background from global consulting and IT firms, including Arthur Andersen, IBM and Hewlett-Packard. His most recent role was President of the Enterprise Technology and Performance Business Group at Deloitte China, where he also served as a board member.

This strategic appointment separates operational leadership from familial shareholding, positioning Lingkun to steer daily management while leveraging his extensive international expertise to drive organisational efficiency.

Comments (0)

ADD COMMENT

Link Copied!

KraussMaffei Group is set to implement a leadership transition at its US subsidiary, KraussMaffei Corporation (KMC). Brett Greenhalgh, President of KMC, will retire at the end of May 2026, marking the conclusion of his tenure. His departure will also see him step away from the industry and leave United States for a three-year period, during which he and his wife will devote themselves to a church mission project of deep personal significance.

Over the past two years, Greenhalgh has served as a pivotal leader for KraussMaffei, providing steady direction for the US organisation. His foresight in preparing for the future is evident in his deliberate cultivation of an internal successor, John Fini, ensuring a seamless transition grounded in business continuity and institutional knowledge. Taking the helm on 1 June 2026, Fini brings a customer-first philosophy forged through extensive hands-on operational experience. Currently serving as Vice President of Digital Solutions and Service North America, he has been a member of the KraussMaffei Corporation leadership team since 2022.

Fini’s background includes leading large, multidisciplinary teams, strengthening service and aftermarket capabilities and driving gains in operational performance, employee engagement and financial results. Prior to joining KraussMaffei, he held roles at Rehrig Pacific Company, a California-based family-owned plastics manufacturer and longtime KraussMaffei customer, where he improved operations across multiple manufacturing sites. A New York native, Fini holds a Bachelor of Science in Mechanical Engineering from the University of North Carolina at Charlotte.

Brett Greenhalgh

Greenhalgh said, "I am grateful for my time at KraussMaffei and for the collaboration with such a dedicated team in the US and internationally. Stepping back and giving my life a new direction has not been an easy decision. But I look forward to serving our church community together with my wife Janice. As a teenager, I participated in a similar project that profoundly shaped my life and values. Now I want to give others the same opportunity to experience something similar. The next three years abroad will be an exciting and rewarding time for both of us."

Alex Li, CEO, KraussMaffei Group, said, “We thank Brett for his exceptional dedication and strategic foresight. Thanks to the early identification of John Fini as an internal successor, we can ensure seamless continuity in serving our customers with the reliability and quality they expect. The strong collaboration between our US and European teams has been instrumental in advancing KMC’s success, and this partnership will remain a key pillar of our future development. While we regret Brett`s decision to step down, we fully respect and support his choice to pursue a personal mission close to his heart. We wish Brett and his wife all the very best for the years ahead.”

Fini said, “KraussMaffei’s success has always been driven by its people, its technology and its customers. I’m honoured to lead this organisation and build on the strong foundation our teams have created together. I would like to thank Brett Greenhalgh for the coaching, guidance and support as part of a thoughtful, long-term leadership transition designed to ensure continuity and sustained growth.”

Comments (0)

ADD COMMENT

Link Copied!

LAUGFS Corporation (Rubber) Ltd, a prominent Sri Lankan manufacturer and exporter of high-quality industrial solid tyres, has announced a significant leadership transition, naming Chinthaka Wegapitiya to the role of Managing Director and Chief Executive Officer. Wegapitiya’s ascent to this top executive position follows a tenure within the company where he previously held the responsibilities of General Manager and Chief Operating Officer. His background is rooted in deep expertise across both operational management and long-term strategic planning, providing a strong foundation for his new mandate.

In his current capacity, Wegapitiya is entrusted with the comprehensive leadership of the organisation’s strategic direction, tasked with steering the company towards an expanded global presence while working to increase its competitive market share. His purview encompasses the oversight of sophisticated, high-tech manufacturing operations, with a particular focus on the production of premium solid tyres.

Beyond operations, he is responsible for directing international marketing initiatives and strengthening the company’s brand identity in competitive global markets. Innovation also falls under his leadership, driving research and development efforts to create advanced engineering solutions and tailor products to precise customer specifications, all while championing sustainability initiatives within the global rubber export industry.

Comments (0)

ADD COMMENT

Link Copied!