Yokohama earnings, sales jump in first quarter

Tokyo — Yokohama Rubber Co. Ltd. generated markedly higher earnings and sales in the quarter ended 31 March, buoyed by strong overseas tire, hose and sealing products sales gains and the first-time inclusion of results from Alliance Tire Group.

Operating earnings jumped 32% to $79.8 million (€73 million) on 14.2% higher sales of $1.3 billion, yielding an operating ratio of 6.1% up a point from a year ago.

Yokohama did not comment specifically on the reasons for the earnings improvement.

In the company’s tire segment, operating income increased…

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