Yokohama Rubber reports half-year results

Yokohama, Japan--The Yokohama Rubber Company has announced financial results for the six months to 30 September, 2004. Sales were largely unchanged, though net income fell by nearly half on investment losses.

Overseas sales and earnings, however were strongthe company said, "Sales were strong overseas, particularly in Europe, Asia, and the Middle East. Sales of the Tires Group thus gained 6.5%, to ¥135.4 billion. Operating income from this segment rocketed 73.0%, to ¥3.5 billion, on cost-cutting and improved revenues and earnings at subsidiaries.

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Press release from Yokohama