Yokohama reports gains in first quarter of 2018

Tokyo – Yokohama Rubber Co. has reported growth in both sales and operating profit during the first three months of the year, led by OE sales in China and other Asian markets.

The Japanese company announced 14 May that operating income for the three months rose 27.5% to Yen14.1 billion (€107.7 million), on sales revenue up 2.3%, at Yen149.2 billion.

In the tires segment, sales revenue increased overall, led by strength in the OE business in China as well as in other Asian markets outside Japan.

Revenue declined…

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