Yokohama optimistic about first half results

Tokyo — Yokohama Rubber Co. Ltd. is revising upward its earnings and sales forecast for the half-year ended Sept. 30, based on increased overseas tyre sales and a profit improvement in North America.

Yokohama now expects to report net income of $115.9 million and sales of $1770 million, 8.3- and 2.3-percent increases, respectively, over the earlier projection disclosed in August.

The updated projections represent a sales increase of 5.4 percent and an 18-fold improvement in net earnings over the first half fiscal 2005 figures.

Yokohama also cited the…

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