Yokohama Rubber announces first quarter results

Hiratsuka, Japan—The Yokohama Rubber Co., Ltd., announced its business and financial results for the first quarter of fiscal 2025 (January to March 2025). Sales revenue increased 9.0％ over the same period of the previous year, to ¥275.1 billion, a record high for the first quarter. Profits, however, were lower than a year earlier. Business profit was ¥24.1 billion, a 3.2% year-on-year decline; operating profit was ¥19.3 billion, down 27.7%; and profit attributable to owners of parent totaled ¥8.5 billion, down 56.9%.

The decline in consolidated business profit can be attributed to one-time costs related to the acquisition and consolidation of Goodyear’s OTR business. Otherwise, profit from existing businesses was strong. In addition to increased sales volume for the Company’s consumer tires mainly in overseas markets and continued expansion of sales of high-value-added ADVAN, GEOLANDAR, and Winter (AGW) tires as well as high-inch tires, profit was boosted by the MB segment’s MIX improvements and structural reforms.

Management’s fiscal 2025 consolidated results forecast, including record high sales and profits, is unchanged from that announced in February. Management projects an 11.4% increase in sales revenue, to \1,220.0 billion; a 2.7% increase in business profit, to \138.0 billion; a 10.8% increase in operating profit, to \132.0 billion; and an 8.8% increase in profit attributable to owners of parent, to \81.5 billion.