The Yokohama Rubber Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2019; Revises Earnings Guidance for the Full-Year 2019
The company also revised earnings guidance for the full-year 2019. For the period, the company now projects that profit attributable to owners of parent will increase 17.9%, to JPY 42.0 billion, on a 7.5% increase in operating profit, to JPY 57.5 billion; a 15.6% decline in business profit, to JPY 50.0 billion; and essentially no change in sales revenue, at JPY 650.0 billion. Compared with the earlier projections, these projections are 8.7% lower for profit attributable to owners of parent, 11.5% lower for operating profit, 13.0% lower for business profit, and 1.5% lower for sales revenue.