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MarketScreener Homepage  >  Equities  >  Tokyo  >  Yokohama Rubber Co Ltd    5101   JP3955800002

YOKOHAMA RUBBER CO LTD

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Yokohama Rubber : Tire has been named the presenting sponsor of FuelFest, an automotive festival to be held at Angels Stadium in Anaheim, California.

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02/20/2019 | 11:00am EST

FuelFest, hosted by co-founder Cody Walker and Fast and Furious star, Tyrese Gibson, will be held in memory of actor Paul Walker and will benefit his charity Reach Out Worldwide (ROWW). The event will feature music, food, cars and celebrities.

'In creating FuelFest, I knew I wanted to create more than just a static car show; I wanted to create an automotive festival that brings together cars, art, music, motorsports and the ability for enthusiasts to meet their favorite on-screen celebrities and personalities,' said Walker. 'We're happy to have Yokohama sponsoring FuelFest. Yokohama was the title sponsor for ROWW's 'In Memory of Paul' car show last year and it's great to see their continued support of our show and their charitable donation to ROWW.'

'We're excited to partner with Cody and support FuelFest,' said Fardad Niknam, Yokohama senior director of consumer product planning and product marketing. 'The event marries automotive and charitable interests by bringing passionate enthusiasts together to celebrate their cars while also giving back to a worthy cause.'

This inaugural event will be held March 2. For more information and for advanced sale tickets, visit https://fuelfest.com/.

About Yokohama Tire Corporation

Celebrating its 50th year in the U.S., Yokohama Tire Corporation is the North American manufacturing and marketing arm of Tokyo, Japan-based The Yokohama Rubber Co., Ltd., a global manufacturing and sales company of premium tires since 1917. Servicing an extensive sales network throughout the U.S., Yokohama Tire Corporation is a leader in technology and innovation. The company's complete product line includes tires for high-performance, light truck, passenger car, commercial truck and bus, and off-the-road mining and construction applications. For more information on Yokohama's broad product line, visit www.yokohamatire.com, www.yokohamatruck.com or www.yokohamaotr.com.

(C) 2019 Electronic News Publishing, source ENP Newswire

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Financials (JPY)
Sales 2019 669 B
EBIT 2019 65 000 M
Net income 2019 43 317 M
Debt 2019 218 B
Yield 2019 2,97%
P/E ratio 2019 8,42
P/E ratio 2020 8,00
EV / Sales 2019 0,90x
EV / Sales 2020 0,84x
Capitalization 387 B
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Number of Analysts 7
Average target price 2 700  JPY
Spread / Average Target 18%
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NameTitle
Masataka Yamaishi President & Representative Director
Tadanobu Nagumo Chairman
Hikomitsu Noji Vice Chairman
Shigeo Komatsu Director & General Manager-Business Administration
Hideichi Okada Independent Outside Director
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