FY 2022 Third-Quarter Financial Results
Briefing Material
November 11, 2022
The Yokohama Rubber Co., Ltd.
Medium-term Management Plan
Yokohama Transformation 2023
(YX2023)
Progress Update
Copyright(C) THE YOKOHAMA RUBBER CO., LTD. | 2 |
YX2023 Progress: Tire Business
Consumer Tires | ◆Strengthening Sales to | |
◆OE on Premium Cars | ||
Replacement Market | ||
• Expanding ADVAN brand size lineup |
Adding 95 | Adding 76 | ||
Nissan Motor's Fairlady Z | Toyota Motors' Sequoia | sizes in 2022 | sizes in 2022 |
(plan) | (plan) | ||
(in North America) |
◆Motorsports Activities
• 2022 SUPER GT GT300 class | • Supplied GEOLANDAR M/T G003 tires |
series championship | for Asia's largest cross-country rally |
TOYOTA GAZOO | Mitsubishi Ralliart's |
RACING's SUV | SUV |
REALIZE NISSAN MECHANIC CHALLENGE GT-R fitted with
ADVAN tires is the 2022 GT300 class series champion
Commercial Tires
・Agreement to Acquire Trelleborg Wheel
Systems
Target company | Trelleborg Wheel Systems Holding AB | |
(100% of equity shares) | ||
Enterprise Value | 2,040 million EUR *1 | |
EBITDA | 230 million EUR | * Our estimation for FY2022 |
EBITDA multiple | Approx. 9 times | * After adjustment for a |
performance-linkedearn-out | ||
Acquisition | March 25, 2022 | |
agreement | ||
Acquisition | Second half of 2022 (plan) *2 | |
completion | ||
Funding | Own capital + | JCR rating: A+ Stable |
borrowings | (August 22, 2022) | |
*1 The acquisition agreement includes a performance-linkedearn-out clause that could increase the acquisition price by up to €60 million depending on the fiscal 2022 financial results of the acquired business.
*2 After obtaining permission from each country's antitrust authorities
- New plant in India started operations in August; OHT capacity increased about 40%
- 2022 2H capacity relative to 2019 2H output
Visakhapatnam Plant
Copyright(C) THE YOKOHAMA RUBBER CO., LTD. | 3 |
YX2023 Progress: MB Segment
Strengthen/expand by allocating resources to core product areas
Hose & | Industrial |
couplings | |
products | |
Growth driver | |
Stable earnings | |
Increase production | |
Maximize market | |
capacity | |
Reorganize | share |
production sites |
Business
restructuring
Hamatite | Aerospace |
products | |
Transfer completed | Merged with |
industrial products | |
Hose & couplings
- High-pressurehydraulic hoses for
overseas market
3 core series integrated under Versatran brand
- Renewal launch of ISO-compliant hoses with enhanced flame resistance and abrasion resistance qualities
Industrial products
- Greatly expanding conveyor belt market
share in Japan
Planned expansion of Hiratsuka Factory's conveyor
belt capacity
Versatran high-pressure
hydraulic hoses
Conveyor belts line
in industrial products factory
Copyright(C) THE YOKOHAMA RUBBER CO., LTD. | 4 |
YX2023 Progress: ESG (Social Issues, Information Disclosure)
Social Issues | Information Disclosure |
- Expanding human rights and grievance redress mechanisms
Began applying the JaCER (Japan Center for Engagement and Remedy on Business and Human Rights) platform from October
- Strengthening cooperative efforts with GPSNR*1 activities, which aim to produce and use natural rubber while preserving the natural
environment and giving due consideration to human rights
*1 Global Platform for Sustainable Natural Rubber
- Continued support for organizations engaged in disaster relief efforts and addressing various social issues
- Released Yokohama Rubber's first integrated report "Integrated Report 2022: A Road Beyond"
Fertilizer for Thai natural | Support for Borneo |
rubber farmers | Tropical Forest Project |
Support for Kanagawa | Support for Disaster Dog |
Sea Farming Association | Rescue Network |
Major support provided in 2022
Thai natural rubber farmers *2 | Provided fertilizer |
Support for flooded regions in Thailand *2 | Donated supplies |
Support for Fukushima Earthquake relief efforts | Financial support |
Humanitarian assistance to Ukraine | Financial support |
Japan Car Sharing Association | Donated tires |
Kanagawa Sea Farming Association | Financial support |
Disaster Rescue Dog Network | Financial support |
Borneo Tropical Forest Project | Financial support |
Kanagawa Prefectural Hospital's Children's Medical | Financial support |
Care Fund | |
Ikaw-Ako (Philippines environmental protection NGO) | Financial support |
*2 indicates GPSNR-related support
Third-party recognition of our
sustainability efforts
Selected for inclusion in ESG stock indexes
17 straight years | 5 straight years | First selection |
Copyright(C) THE YOKOHAMA RUBBER CO., LTD. | 5 |
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YRC - Yokohama Rubber Co. Ltd. published this content on 11 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2022 04:41:06 UTC.