Yokohama reports lower earnings for first quarter
The Yokohama Rubber Co., Ltd., announced its business and financial results for the first quarter (January to March) of fiscal 2022. Profit attributable to owners of parent declined 63.5% from the same period of the previous year, to 10.2 billion yen; on a 62.7% decline in operating profit, to 13.5 billion yen; a 2.5% decline in business profit, to 13.7 billion yen; and a 28.4% increase in sales revenue, to 185.6 billion yen.
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