Yokohama Rubber Co (JP:5101) has released an update.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Yokohama Rubber Co. achieved record sales revenue and business profit in the third quarter of FY2024, driven by strong tire sales in Europe and Asia. Despite a challenging market, the company saw increased replacement market sales in agricultural and non-agricultural machinery sectors. However, original equipment sales faced some declines, particularly in the off-highway tire segment.
For further insights into JP:5101 stock, check out TipRanks’ Stock Analysis page.