Recently, a number of international tire giants released their 2021 fiscal year annual reports.

Bridgestone Group will achieve operating income of $28.98 billion in 2021, a year-on-year increase of 20%; adjusted operating profit of $3.52 billion, a year-on-year increase of 90%; pre-tax profit of $3.37 billion; profit attributable to owners of the parent company $3.52 billion, with a net loss in 2020.

Michelin tires' sales in 2021 were 23.795 billion euros (about 171.103 billion yuan), a year-on-year increase of 16.25%; net profit was 1.845 billion euros (about 13.267 billion yuan), a year-on-year increase of 295.2%. Michelin said the increase in sales was attributable to a strong rebound in tire sales (up 11.8% year-on-year), with demand rising sharply in every tire segment.

Goodyear Tire's operating income in fiscal year 2021 was US$17.478 billion, a year-on-year increase of 41.86%. The net profit attributable to the parent company was US$764 million, which was a year-on-year turnaround. In the same period last year, it lost US$1.254 billion and basic earnings per share was US$2.92. During the reporting period of the company, the total assets at the end of the period were 21.402 billion US dollars, the pre-tax profit was 513 million US dollars, and the net cash flow from operating activities was 1.062 billion US dollars.

Sumitomo Rubber, with sales of US$8.35 billion in 2021, an increase of 18.4% year-on-year. Operating profit reached $430 million, up 27% year over year. The tire business had sales of US$8 billion, a year-on-year increase of 16.9%. In 2022, Sumitomo plans to expand the European high-end car accessories market.

Yokohama Rubber, sales rose 21.7% in fiscal 2021 to $6.11 billion, operating profit rose 132.4% to $761.4 million, and an operating ratio of 12.5%. Net income rose nearly 150% to $596.5 million. All sales and earnings metrics exceeded those reported in 2019. The Yokohama Tire business reported a 78% increase in operating profit to $218.4 million on a 17.7% increase in sales to $4.28 billion for a 6% operating rate. The tire business achieved sales growth in Asian markets other than North America, Europe and Japan, and the company's off-highway tire ATG segment achieved high double-digit growth in both sales revenue and operating profit, with sales up 64.8% to $977.2 million . Starting in fiscal 2022, Yokohama will combine the tire and ATG business units into a single unit that will account for 86 percent of the company's annual sales.

Toyo Tire achieved solid growth in both operating income and sales in fiscal 2021, and its business in North America outperformed other regions. Toyo reported a 14.5% increase in sales to $3.59 billion, a 46.1% increase in pretax operating profit to $483 million, and a 3% increase in operating ratio to 13.5%. The Toyo Tire business, which accounts for 90 percent of the company's sales, outperformed its auto parts business, with operating profit up 12.5 percent to $501.7 million and operating income up 15.7 percent to $3.23 billion.