Yokohama Rubber Co ( (YORUF) ) has released its Q1 earnings. Here is a breakdown of the information Yokohama Rubber Co presented to its investors.
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Yokohama Rubber Co., Ltd. is a prominent player in the tire manufacturing industry, known for producing a wide range of tires for various vehicles, including passenger cars, trucks, and industrial machinery, and is listed on the Tokyo Stock Exchange.
In its latest earnings report for the first quarter of 2025, Yokohama Rubber Co. reported a 9% year-on-year increase in sales revenue, reaching ¥275,118 million. However, the company faced challenges with a decline in operating profit and profit attributable to owners of the parent, which fell by 27.7% and 56.9%, respectively, compared to the same period last year.
The company’s tire segment, which accounts for the majority of its sales revenue, saw a 10.4% increase in sales, driven by strong demand in Japan and expanded shipments for new energy vehicles in China. Despite this growth, the decline in business profit was attributed to one-time costs related to the acquisition of Goodyear’s off-the-road tire business. The Multiple Businesses segment experienced a slight decline in sales revenue due to lower demand from construction machinery makers and automakers in North America.
Looking ahead, Yokohama Rubber Co. remains committed to its medium-term management plan, Yokohama Transformation 2026, focusing on leveraging existing business strengths and exploring new value opportunities. The company aims to continue its global expansion and stabilize earnings through strategic acquisitions and market development.