Yokohama expects to record a loss in current fiscal year

ERJ staff report (DS)

Tokyo — Yokohama Rubber Co. has said it expects to make a consolidated net loss of Yen 7000 million (Euro 60 million) for the twelve months to 31 March 2009. In the same period a year ago, the company made Yen 21 000 million profit. The company has released a new forecast for the current year which further downgrades its financial expectations. Yokohama said it now expects operating income for the period  to be Yen 14 000 million, well under half the…

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