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Yokohama Rubber Co ( (JP:5101) ) just unveiled an update.
Yokohama Rubber has completed its acquisition of the Off-the-Road tire business from Goodyear, a move aimed at bolstering its off-highway tire lineup and reinforcing its market competitiveness. This acquisition aligns with Yokohama’s medium-term management plan, Yokohama Transformation 2026, which targets significant growth and improved supply capabilities in the OHT sector, with the business being integrated into the company’s results starting from the first quarter of 2025.
More about Yokohama Rubber Co
Yokohama Rubber Co., Ltd. operates in the tire manufacturing industry, focusing on a diverse range of tire products. It primarily offers off-highway tires (OHT) and seeks to enhance its market position through strategic acquisitions and expansions.
YTD Price Performance: 4.85%
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $3.62B
See more data about 5101 stock on TipRanks’ Stock Analysis page.