The Yokohama Rubber Co., Ltd., Announces Financial Results for the First Quarter Ended March 2018; Company Abides the Full-Year Fiscal Projections for 2018
May 13, 2018
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The Yokohama Rubber Co., Ltd. announced financial results for the first quarter ended March 2018. Yokohama has adopted the International Financial Reporting Standards (IFRS) as of the issuance of its Yukashoken hokokusho for 2017. For the quarter, the company reported sales revenue of JPY 149,157 million against JPY 145,789 million a year ago. Business profit was JPY 11,694 million against JPY 10,802 million a year ago. Operating profit was JPY 14,066 million against JPY 11,034 million a year ago. Profit attributable to owners of parent was JPY 9,335 million against JPY 7,909 million a year ago. Profit per share attributable to owners of parent was JPY 58.22 against JPY 49.33 a year ago.
Yokohama abides by the full-year fiscal projections for 2018 that it announced in February. Those projections call for profit attributable to owners of parent to total JPY 40.0 billion on operating profit of JPY 60.0 billion, business profit of JPY 63.0 billion, and sales revenue of JPY 670.0 billion.
The Yokohama Rubber Company, Limited is one of the world's leaders in manufacturing and marketing tires. Net sales break down by activity as follows:
- production of tires (81.3%): for private vehicles, buses, heavy trucks, mining and civil engineering engines, etc.;
- manufacturing of polymer and rubber products (17.3%): high pressure pipes, conveyor belts, seismic products, marine hoses, aircraft products, golf products, etc.;
- other (1.3%).
Net sales break down geographically as follows: Japan (42.2%), Asia (14.6%), North America (26.6%) and other (16.6%).
The Yokohama Rubber Co., Ltd., Announces Financial Results for the First Quarter Ended March 2018; Company Abides the Full-Year Fiscal Projections for 2018