Financials The Yokohama Rubber Co., Ltd.

Equities

5101

JP3955800002

Tires & Rubber Products

Delayed Japan Exchange Other stock markets 12:37:34 2025-01-22 am EST			5-day change	1st Jan Change
3,318.00 ^JPY	+1.87%		+2.06%	-2.47%

Dec. 29	Yokohama Rubber Completes Treasury Stock Disposal for Restricted Share Compensation	MT
Dec. 24	Yokohama Rubber Company Names Angelo Noronha as President and CEO of Yokohama-ATG, Effective January 1, 2025	CI

Projected Income Statement: The Yokohama Rubber Co., Ltd.

income-statement-evolution-chart THE-YOKOHAMA-RUBBER-CO-LT

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	650,462	570,572	670,809	860,477	985,333	1,098,367	1,146,344	1,204,343
Change	-	-12.28%	17.57%	28.27%	14.51%	11.47%	4.37%	5.06%
EBITDA ¹	100,946	80,876	129,196	118,765	159,845	182,318	187,714	199,900
Change	-	-19.88%	59.75%	-8.07%	34.59%	14.06%	2.96%	6.49%
EBIT ¹	58,564	36,409	83,636	68,851	100,351	119,630	125,974	137,081
Change	-	-37.83%	129.71%	-17.68%	45.75%	19.21%	5.3%	8.82%
Interest Paid ¹	-4,022	-5,610	-6,327	-7,571	-7,140	-4,000	-	-
Earnings before Tax (EBT) ¹	57,764	33,913	85,199	71,622	105,975	115,148	124,054	133,260
Change	-	-41.29%	151.23%	-15.94%	47.96%	8.66%	7.73%	7.42%
Net income ¹	41,971	26,312	65,500	45,918	67,234	78,501	82,947	91,233
Change	-	-37.31%	148.94%	-29.9%	46.42%	16.76%	5.66%	9.99%
Announcement Date	2/14/20	2/19/21	2/17/22	2/17/23	2/16/24	-	-	-

¹JPY in Million

Estimates

Fiscal Period: December	2019 Q3	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	154,633	184,723	129,128	117,990	143,248	180,206	149,626	154,262	156,567	210,354	185,590	205,893	224,281	244,713	204,314	238,850	249,341	292,828	252,400	272,883	257,623	314,574	256,200	273,200	293,500	359,600
Change	-	19.46%	-30.1%	-8.63%	21.41%	25.8%	-16.97%	3.1%	1.49%	34.35%	-11.77%	10.94%	8.93%	9.11%	-16.51%	16.9%	4.39%	17.44%	-13.81%	8.12%	-5.59%	22.11%	-18.56%	6.64%	7.43%	22.52%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	8,238	25,203	1,240	1,706	5,572	27,891	36,724	11,925	10,677	24,310	13,532	13,412	18,383	23,524	13,206	14,976	24,184	47,985	26,800	29,454	29,518	42,382	25,100	27,100	30,400	48,100
Change	-	205.94%	-95.08%	37.58%	226.61%	400.56%	31.67%	-67.53%	-10.47%	127.69%	-44.34%	-0.89%	37.06%	27.97%	-43.86%	13.4%	61.49%	98.42%	-44.15%	9.9%	0.22%	43.58%	-40.78%	7.97%	12.18%	58.22%
Charge d'intérêts	-1,176	-	-3,427	-	-26	-	-2,506	-	-1,704	-	-1,322	-	-2,807	-	-1,915	-	-1,998	-	-1,589	-	-6,278	-	-	-	-	-
Earnings before Tax (EBT) ¹	6,627	26,783	-1,911	2,244	5,083	28,497	37,464	12,942	9,793	25,000	14,463	19,574	17,489	20,096	14,251	22,816	23,061	45,847	28,017	35,104	16,432	30,647	24,200	26,000	29,500	47,000
Change	-	304.15%	-	-	126.52%	460.63%	31.47%	-65.45%	-24.33%	155.28%	-42.15%	35.34%	-10.65%	14.91%	-29.09%	60.1%	1.07%	98.81%	-38.89%	25.3%	-53.19%	86.51%	-21.04%	7.44%	13.46%	59.32%
Net income ¹	11,590	13,660	-258	1,515	3,073	21,982	27,824	9,109	6,546	22,021	10,156	13,151	9,977	12,634	9,705	17,973	16,905	22,651	19,800	26,779	14,262	24,613	15,700	16,800	19,100	30,500
Change	-	17.86%	-	-	102.84%	615.33%	26.58%	-67.26%	-28.14%	236.4%	-53.88%	29.49%	-24.14%	26.63%	-23.18%	85.19%	-5.94%	33.99%	-12.59%	35.25%	-46.74%	72.58%	-36.21%	7.01%	13.69%	59.69%
Announcement Date	11/12/19	2/14/20	5/22/20	8/7/20	11/13/20	2/19/21	5/14/21	8/11/21	11/12/21	2/17/22	5/13/22	8/10/22	11/11/22	2/17/23	5/12/23	8/10/23	11/10/23	2/16/24	5/14/24	8/9/24	11/14/24	-	-	-	-	-

¹JPY in Million

Estimates

Fiscal Period: December	2020 S1	2020 S2	2021 S1	2021 S2	2022 S1	2023 S1	2024 S1
Net sales ¹	247,118	323,454	303,888	366,921	391,483	443,164	525,283
Change	-	30.89%	-6.05%	20.74%	6.69%	13.2%	18.53%
EBITDA	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-
EBIT ¹	2,946	33,463	48,649	34,987	26,944	28,182	56,254
Change	-	1,035.88%	45.38%	-28.08%	-22.99%	4.59%	99.61%
Charge d'intérêts ¹	-4,723	-	-2,995	-	-1,796	-2,767	-3,495
Earnings before Tax (EBT) ¹	333	-	50,406	-	34,037	37,067	63,121
Change	-	-100%	-	-100%	-	8.9%	70.29%
Net income ¹	1,257	25,055	36,933	-	23,307	27,678	46,579
Change	-	1,893.24%	47.41%	-100%	-	18.75%	68.29%
Announcement Date	8/7/20	2/19/21	8/11/21	2/17/22	8/10/22	8/10/23	8/9/24

¹JPY in Million

Estimates

Forecast Balance Sheet: The Yokohama Rubber Co., Ltd.

balance-sheet-analysis-chart THE-YOKOHAMA-RUBBER-CO-LT

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	211,961	174,375	129,729	163,129	371,743	332,613	273,151	233,099
Change	-	-17.73%	-25.6%	25.75%	127.88%	-10.53%	-17.88%	-14.66%
Announcement Date	2/14/20	2/19/21	2/17/22	2/17/23	2/16/24	-	-	-

¹JPY in Million

Estimates

Cash Flow Forecast: The Yokohama Rubber Co., Ltd.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	51,339	28,433	38,759	54,942	62,412	90,667	78,778	77,693
Change	-	-44.62%	36.32%	41.75%	13.6%	45.27%	-13.11%	-1.38%
Free Cash Flow (FCF) ¹	24,035	49,861	63,824	-7,126	-184,274	103,496	37,437	77,788
Change	-	107.45%	28%	-111.17%	2,485.94%	-156.16%	-63.83%	107.78%
Announcement Date	2/14/20	2/19/21	2/17/22	2/17/23	2/16/24	-	-	-

¹JPY in Million

Estimates

Forecast Financial Ratios: The Yokohama Rubber Co., Ltd.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	15.52%	14.17%	19.26%	13.8%	16.22%	16.6%	16.38%	16.6%
EBIT Margin (%)	9%	6.38%	12.47%	8%	10.18%	10.89%	10.99%	11.38%
EBT Margin (%)	8.88%	5.94%	12.7%	8.32%	10.76%	10.48%	10.82%	11.06%
Net margin (%)	6.45%	4.61%	9.76%	5.34%	6.82%	7.15%	7.24%	7.58%
FCF margin (%)	3.7%	8.74%	9.51%	-0.83%	-18.7%	9.42%	3.27%	6.46%
FCF / Net Income (%)	57.27%	189.5%	97.44%	-15.52%	-274.08%	131.84%	45.13%	85.26%
Profitability
ROA	4.67%	3.84%	9.23%	6.71%	7.7%	5.9%	6.05%	6.28%
ROE	10.6%	6.3%	13.9%	8.1%	9.9%	10.09%	9.61%	9.76%
Financial Health
Leverage (Debt/EBITDA)	2.1x	2.16x	1x	1.37x	2.33x	1.82x	1.46x	1.17x
Debt / Free cash flow	8.82x	3.5x	2.03x	-22.89x	-2.02x	3.21x	7.3x	3x
Capital Intensity
CAPEX / Current Assets (%)	7.89%	4.98%	5.78%	6.39%	6.33%	8.25%	6.87%	6.45%
CAPEX / EBITDA (%)	50.86%	35.16%	30%	46.26%	39.05%	49.73%	41.97%	38.87%
CAPEX / FCF (%)	213.6%	57.02%	60.73%	-771.01%	-33.87%	87.6%	210.43%	99.88%
Items per share
Cash flow per share ¹	525.8	441.4	692.6	597.7	790.4	971.8	916	967.3
Change	-	-16.05%	56.91%	-13.7%	32.24%	22.96%	-5.74%	5.59%
Dividend per Share ¹	64	64	65	66	84	97.89	102.9	114.3
Change	-	0%	1.56%	1.54%	27.27%	16.53%	5.12%	11.06%
Book Value Per Share ¹	2,611	2,591	3,276	3,823	4,601	4,993	5,452	5,985
Change	-	-0.74%	26.42%	16.71%	20.33%	8.52%	9.2%	9.77%
EPS ¹	261.6	164.1	408.5	286.4	419.3	484.2	512	569.8
Change	-	-37.28%	148.93%	-29.89%	46.42%	15.46%	5.75%	11.3%
Nbr of stocks (in thousands)	160,398	160,558	160,616	160,698	160,747	159,482	159,482	159,482
Announcement Date	2/14/20	2/19/21	2/17/22	2/17/23	2/16/24	-	-	-