Industry map/Automotive & Machinery
Tires & Rubber industry map
Who earns the money in Tires & Rubber, and who keeps it. When a company spans several industries, only the relevant segment is counted.
FY2025 · 17 companies · ¥8.21T
Industry map
Companies ordered by revenue, connected by ownership (major shareholders). Arrows point from the shareholder to the investee.
- Industry size (revenue)
- ¥8.21T
- Companies
- 17
- Avg. salary（parent only）
- ¥6.8M
- Industry weather
- Sunny
YoY +2.3%
Avg. age 42.1
Operating income +8.5%
Bridgestone[5108]
The Americas + 3 more
- Revenue
- ¥4.41T▲0.0%
- Operating income
- ¥501.7B▲10.1%
Margin 11.4%
Whole company: Revenue ¥4.43T · Net income ¥327.3B
Avg. salary ¥7.7M · 42.1（parent only）
- Toyo Tire・Alliance
The Yokohama Rubber[5101]
Tires + 1 more
- Revenue
- ¥1.23T▲13.0%
- Operating income
- —
Whole company: Revenue ¥1.23T · Net income ¥105.4B
Avg. salary ¥6.9M · 41.1（parent only）
Sumitomo Rubber Industries[5110]
Tires + 1 more
- Revenue
- ¥1.08T▼0.4%
- Operating income
- ¥84B▲5.1%
Margin 7.8%
Whole company: Revenue ¥1.21T · Net income ¥50.4B
Avg. salary ¥6.7M · 40.2（parent only）
Toyo Tire[5105]
Tire business
- Revenue
- ¥547.7B▲5.4%
- Operating income
- ¥95.5B▲3.7%
Margin 17.4%
Whole company: Revenue ¥594.9B · Net income ¥63.6B
Avg. salary ¥6.9M · 40.8（parent only）
- Bridgestone・Alliance
NOK[7240]
Seal
- Revenue
- ¥367.4B▲1.3%
- Operating income
- ¥27.9B▲6.3%
Margin 7.6%
Whole company: Revenue ¥738.4B · Net income ¥46.3B
Avg. salary ¥8.5M · 42.3（parent only）
Nishikawa Rubber[5161]
Japan + 3 more
- Revenue
- ¥122.1B▲1.2%
- Operating income
- ¥8.93B▲18.7%
Margin 7.3%
Whole company: Revenue ¥122.1B · Net income ¥11B
Avg. salary ¥6.7M · 45.3（parent only）
Fukoku[5185]
Functional Parts + 2 more
- Revenue
- ¥85B▲2.0%
- Operating income
- ¥7.75B▼3.9%
Margin 9.1%
Whole company: Revenue ¥90B · Net income ¥1.14B
Avg. salary ¥6.5M · 44.3（parent only）
Mitsuboshi Belting[5192]
Overseas belts + 1 more
- Revenue
- ¥79.8B▲3.9%
- Operating income
- ¥11.8B▲4.3%
Margin 14.8%
Whole company: Revenue ¥92.3B · Net income ¥7.39B
Avg. salary ¥7.3M · 41.0（parent only）
Nichirin[5184]
Asia + 4 more
- Revenue
- ¥73.7B▲3.2%
- Operating income
- ¥8.78B▼9.5%
Margin 11.9%
Whole company: Revenue ¥73.7B · Net income ¥5.51B
Avg. salary ¥7M · 42.0（parent only）
Nitta[5186]
Hose and tube products + 1 more
- Revenue
- ¥63.6B▲3.9%
- Operating income
- ¥4.54B▲25.4%
Margin 7.1%
Whole company: Revenue ¥91.8B · Net income ¥13.5B
Avg. salary ¥6.8M · 43.2（parent only）
Bando Chemical Industries[5195]
Industrial Products Business + 1 more
- Revenue
- ¥53.2B▲1.7%
- Operating income
- ¥3.7B▲46.4%
Margin 6.9%
Whole company: Revenue ¥119.3B · Net income ¥10.6B
Avg. salary ¥7.3M · 42.9（parent only）
Tigers Polymer[4231]
Japan + 3 more
- Revenue
- ¥50.1B▲1.6%
- Operating income
- ¥2.96B▲6.5%
Margin 5.9%
Whole company: Revenue ¥50.1B · Net income ¥2.35B
Avg. salary ¥6.2M · 44.2（parent only）
※ Card revenue and operating income cover only the segment in this industry; “Whole company” shows consolidated revenue and net income.
Other companies: Fujikura Composites · Asahi Rubber · Sakura Rubber · Poval Kogyo · Nisso Group
The weather is derived mechanically from year-over-year totals of revenue and operating income (both up = sunny, both down = rainy).
Industry takeaways
AI summary (figures come from filings)
- Bridgestone's Americas segment is 26% of the listed total. Next come Yokohama Rubber's tires at ¥1.12T and Sumitomo Rubber's tires at ¥1.04T.
- Where Bridgestone sells matters. Its Japan unit earns a 19.9% margin; Europe, Middle East and Africa earns 5.1%. Mitsuboshi Belting's domestic belts, only ¥29B in sales, beat them all at 25.3%.
- Yokohama's tires grew +14.3%. Bridgestone's Americas fell -2.3%.
Who earns the money
Area = revenue from businesses in this industry. Color = operating margin.
Who makes a profit
Across = revenue (log scale), up = operating margin, bubble size = operating income.
Ranking and momentum
| Rank | Company (business) | Revenue | Share | Op. margin | CAGR | FCF* |
|---|---|---|---|---|---|---|
| 1 | BridgestoneThe Americas + 3 more | ¥4.41T | 53.7% | 11.4% | +18.9% | ¥373.3B |
| 2▲1 | The Yokohama RubberTires + 1 more | ¥1.23T | 14.9% | — | +16.7% | ¥23.3B |
| 3▼1 | Sumitomo Rubber IndustriesTires + 1 more | ¥1.08T | 13.2% | 7.8% | +6.7% | -¥28.6B |
| 4 | Toyo TireTire business | ¥547.7B | 6.7% | 17.4% | +11.5% | ¥65.9B |
| 5 | NOKSeal | ¥367.4B | 4.5% | 7.6% | +2.2% | ¥18.3B |
| 6 | Nishikawa RubberJapan + 3 more | ¥122.1B | 1.5% | 7.3% | +9.7% | ¥6.71B |
| 7 | FukokuFunctional Parts + 2 more | ¥85B | 1.0% | 9.1% | +7.8% | ¥2.41B |
| 8 | Mitsuboshi BeltingOverseas belts + 1 more | ¥79.8B | 1.0% | 14.8% | +5.5% | ¥2.54B |
| 9 | NichirinAsia + 4 more | ¥73.7B | 0.9% | 11.9% | +6.0% | ¥6.04B |
| 10 | NittaHose and tube products + 1 more | ¥63.6B | 0.8% | 7.1% | +2.3% | ¥5.2B |
| 11 | Bando Chemical IndustriesIndustrial Products Business + 1 more | ¥53.2B | 0.6% | 7.0% | +3.0% | ¥10.5B |
| 12 | Tigers PolymerJapan + 3 more | ¥50.1B | 0.6% | 5.9% | +5.2% | -¥1.16B |
| 13 | Fujikura CompositesIndustrial Goods + 1 more | ¥27.1B | 0.3% | 3.3% | -0.6% | ¥3.86B |
| 14 | Asahi RubberIndustrial rubber business + 1 more | ¥7.85B | 0.1% | 5.6% | +2.8% | ¥90.2M |
| 15 | Sakura RubberAircraft, aerospace, and industrial products | ¥5.73B | 0.1% | 19.2% | +18.1% | -¥1.16B |
| 16 | Poval KogyoGeneral bonding and resin processing | ¥2.96B | 0.0% | 13.5% | +0.3% | ¥216.5M |
| 17new | Nisso GroupChemical Products | ¥2.73B | 0.0% | 8.6% | — | ¥2.28B |
* FCF is company-wide (not disclosed by segment). CAGR covers the available years, up to five.
How they make money differently
Where each company's ¥100 of sales goes, and how much it keeps (company-wide).
- Cost of sales
- SG&A
- Other
- Operating profit
- Toyo Tire612316
- The Yokohama Rubber642312
- Nichirin761212
- Fujikura Composites691912
- Poval Kogyo602812
- Bando Chemical Industries702210
- Bridgestone61289
- Mitsuboshi Belting70219
- Sakura Rubber77158
- Sumitomo Rubber Industries69237
- Nishikawa Rubber81127
- Nitta7222
- Tigers Polymer7915
- Nisso Group7618
- NOK8213
- Fukoku8115
- Asahi Rubber7621
Ownership links
From the major-shareholder section of annual securities reports.
- 住友電気工業株式会社Outside
- AffiliateSumitomo Rubber Industries28.9%
- 三菱商事株式会社Outside
- AffiliateToyo Tire20.0%
- 双日株式会社Outside
- StakeNichirin8.7%
- 株式会社ハイレックスコーポレーションOutside
- StakeNishikawa Rubber6.9%
- 株式会社フジクラOutside
- StakeFujikura Composites5.1%
- 株式会社東邦銀行Outside
- StakeAsahi Rubber4.5%
- 株式会社武蔵野銀行Outside
- StakeAsahi Rubber4.3%
The company on each card is a major shareholder of the companies listed under it (latest 'major shareholders' disclosure). 50%+ is labelled subsidiary and 20%+ affiliate, based on ownership alone. Stakes under 3% are omitted.
Compare the leaders side by side
All companies in Tires & Rubber (by revenue)
All 17 companies in this industry, ranked by revenue in each company's latest fiscal year. For companies that belong through one business segment, the figure is that segment's revenue.
- Bridgestone¥4.41T · 11.4%
- The Yokohama Rubber¥1.23T
- Sumitomo Rubber Industries¥1.08T · 7.8%
- Toyo Tire¥547.7B · 17.4%
- NOK¥367.4B · 7.6%
- Nishikawa Rubber¥122.1B · 7.3%
- Fukoku¥85B · 9.1%
- Mitsuboshi Belting¥79.8B · 14.8%
- Nichirin¥73.7B · 11.9%
- Nitta¥63.6B · 7.1%
- Bando Chemical Industries¥53.2B · 7.0%
- Tigers Polymer¥50.1B · 5.9%
- Fujikura Composites¥27.1B · 3.3%
- Asahi Rubber¥7.85B · 5.6%
- Sakura Rubber¥5.73B · 19.2%
- Poval Kogyo¥2.96B · 13.5%
- Nisso Group¥2.73B · 8.6%
Revenue · Op. margin
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