Yokohama Rubber reports revaluation loss

ERJ staff report (RD)

Tokyo – The Yokohama Rubber Co. Ltd., has reported a loss of 2.9 billion yen (Euro 21.5 million) following the revaluation of investment securities in fiscal 2009, the company said 1 April.

The company said it is analyzing the loss in the context of Yokohama’s overall financial performance and will determine whether the loss will mean a revision of financial projections.

In March Yokohama revised its sales and earnings projections and predicted net loss to hit Euro 61 million,…

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