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Yokohama Rubber Co ( (JP:5101) ) has issued an update.
Yokohama Rubber Co. achieved record-high sales revenue and business profit in the fourth quarter of FY2024, with strong performance in the tire business, particularly in Europe and Asia, despite challenges in the North American market. The company’s industrial products segment saw growth due to increased production capacity, while sales of hoses and couplings declined due to weak demand from construction machinery manufacturers and automakers.
More about Yokohama Rubber Co
Yokohama Rubber Co., Ltd. is a prominent player in the tire and rubber industry, known for manufacturing a range of products including tires for various vehicles, hoses, couplings, and industrial products. The company has a significant market focus in Europe, Asia, and other regions, catering to both original equipment manufacturers and the replacement market.
YTD Price Performance: 7.27%
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $3.8B
Learn more about 5101 stock on TipRanks’ Stock Analysis page.