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

YOKOHAMA RUBBER CO LTD

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Caterpillar : Yokohama Tire Receives Platinum Supplier Award from Caterpillar for the Seventh Straight Year

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04/16/2019 | 11:15am EDT

Yokohama Tire Corporation has earned Caterpillar's premier supplier award for the seventh consecutive year.

The award - Platinum Level Recertification in its Supplier Quality Excellence Process (SQEP) - went to Yokohama's factory in Onomichi, Japan. The plant produces OE and replacement off-the-road (OTR) tires for a wide range of equipment.

Caterpillar's SQEP award distinguishes suppliers like Yokohama that have exhibited excellent process control, shown a desire for ongoing continuous improvement and have provided quality products to Caterpillar.

'It's quite a tribute for Yokohama to be recognized by Caterpillar for the seventh straight year,' said Bruce Besancon, YTC vice president of OTR sales. 'Caterpillar is an esteemed, world-class OEM and earning their Platinum Level Recertification is a high honor. It's an acknowledgement of Yokohama's continued global commitment to deliver best-in-class quality products and service.'

For more information on Yokohama's OTR tires and programs, visit www.yokohamaotr.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.

Connect with Yokohama Tire Corporation:

www.facebook.com/yokohamatire

www.twitter.com/yokohamatc

www.youtube.com/user/yokohamamotorsports

www.instagram.com/yokohamatire

Yokohama is a strong supporter of the tire care and safety guidelines established by the U.S. Tire Manufacturers Association and the National Highway Transportation and Safety Administration. Details can be found at the 'Tire Care & Safety' section at www.yokohamatire.com.

(C) 2019 Electronic News Publishing, source ENP Newswire

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Financials (JPY)
Sales 2019 662 B
EBIT 2019 -
Net income 2019 41 517 M
Debt 2019 211 B
Yield 2019 3,03%
P/E ratio 2019 8,15
P/E ratio 2020 7,74
EV / Sales 2019 0,86x
EV / Sales 2020 0,80x
Capitalization 357 B
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Number of Analysts 7
Average target price 2 640  JPY
Spread / Average Target 25%
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Managers
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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