An update from Yokohama Rubber Co ( (JP:5101) ) is now available.
Yokohama Rubber Co. reported its consolidated financial results for the fiscal year ending December 31, 2024, showing an 11.1% increase in sales revenue to 1,094,746 million yen and a notable 35.6% rise in business profit to 134,379 million yen. Despite the year-on-year improvements, the company faces challenges in maintaining its growth trajectory, as indicated by the modest forecasted growth for 2025, which includes an 11.4% increase in sales revenue and a 2.7% rise in business profit, reflecting potential market pressures and operational hurdles.
More about Yokohama Rubber Co
Yokohama Rubber Co., Ltd. is a company listed on the Tokyo Stock Exchange, primarily engaged in the manufacturing and distribution of rubber products. Its main product offerings include tires and other rubber-related products, focusing on both domestic and international markets.
YTD Price Performance: 7.27%
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $3.8B
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