Yokohama reports higher fiscal earnings, record sales

Tokyo – Yokohama Rubber Co. Ltd. (YRC) reported higher earnings and record sales for fiscal 2017.

Operating income rose 22.7% to Yen51.9 billion (€393 million) million on 12.1% better sales of Yen668.0 billion, increasing the operating ratio three-fourths of a point to 7.8%.

Net income jumped 87.5% to Yen35.2 billion.

YRC did not elaborate on specific reasons for its earnings improvements. Most of its major competitors reported earnings declines for the same period because of elevated raw materials costs.

Yokohama’s tire segment reported 10.3% improved operating income of Yen40.0…

To read more,please login or register below.

This is the first step to more free
content, user offers, subscriptions
and more.
Log in here using the Email Address
and Password you signed up with