Earnings fall sharply at Yokohama Rubber, despite better first half sales

Tokyo-The Yokohama Rubber Co., Ltd., said its net sales in the six months ended 30 Sept. rose by 10.5 percent over the same period of the previous year, to ¥222 400 million (€1471 million). Operating income declined 31.0 percent, to ¥3300 million (€21.8 million), and that net income declined 74.8 percent, to ¥3400 million.

Leading the sales growth were strong gains in tyre business in North America and in Asian nations besides Japan. Also contributing to the sales growth were increased shipments of tyres to automakers…

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