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MarketScreener Homepage  >  Equities  >  Tokyo  >  The Yokohama Rubber Company, Limited    5101   JP3955800002

THE YOKOHAMA RUBBER COMPANY, LIMITED

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Yokohama Rubber : Establishes New Internal Unit to Strengthen Involvement in Motorsports

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04/27/2017 | 12:07am EST

Tokyo-The Yokohama Rubber Co., Ltd., announced today that it will dissolve its subsidiary, Yokohama Motorsports International Co., Ltd. (YMI), dedicated to motorsports activities effective on June 30, 2017, and transfer the subsidiary's operations to a new internal Motorsports Department that will be established on May 1.

YMI was established in April 2013 to promote and supervise YOKOHAMA's motorsports activities, including the development and supply of tires for motor racing competitions. Since its establishment, the subsidiary has contributed to a diverse range of motorsports events by supplying YOKOHAMA tires, including many competitions that have adopted YOKOHAMA tires as their control tire, such as the Japanese SUPER FORMULA Championship series, GT Asia, the Sepang 12 Hours endurance race, the All-Japan Formula 3 Championship Series, and the FIA World Touring Car Championship (WTCC), and many other racing series, including SUPER GT races. Given the Company's plans to further expand and broaden its motorsports activities around the world, it was decided that an internal organization would be better able to effectively supervise and coordinate these important activities. Hence, the subsidiary is being dissolved and replaced by an internal organization, the Motorsports Department.

Yokohama Rubber's worldwide motorsports activities contribute to the globalization of the Company's tire business and greater recognition of the YOKOHAMA brand. It also promotes the growth, development and revitalization of the motorsports market and the automobile industry as a whole.

Outline of subsidiary being dissolved

(1) Name: Yokohama Motorsports International Co., Ltd.
(2) Head office: 36-11, Shimbashi 5-chome, Minato-ku, Tokyo
(3) Representative Director: Yoshiaki Abe
(4) Business: Planning, development, design, and sales of tires for racing competitions; Planning and management of promotions for motorsports activities
(5) Capital: ¥10 million
(6) Date established: April 1, 2013
(7) Shareholders: Yokohama Rubber Co., Ltd. 100%

YRC - Yokohama Rubber Co. Ltd. published this content on 27 April 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 27 April 2017 04:07:12 UTC.

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Financials (JPY)
Sales 2019 653 B
EBIT 2019 58 972 M
Net income 2019 43 853 M
Debt 2019 223 B
Yield 2019 2,78%
P/E ratio 2019 8,32x
P/E ratio 2020 9,36x
EV / Sales2019 0,90x
EV / Sales2020 0,85x
Capitalization 363 B
Technical analysis trends THE YOKOHAMA RUBBER COMPAN
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 7
Average target price 2 320,00  JPY
Last Close Price 2 262,00  JPY
Spread / Highest target 15,8%
Spread / Average Target 2,56%
Spread / Lowest Target -9,37%
EPS Revisions
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Masataka Yamaishi President & Representative Director
Masaki Noro Director, Managing Executive Officer, GM-R&D
Hideichi Okada Independent Outside Director
Osamu Mikami Director & Senior Managing Executive Officer
Naozumi Furukawa Independent Outside Director
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