The Yokohama Rubber Company, Limited [5101.T]
TOKYO, May 15 (Pulse News Wire) – The Yokohama Rubber Company,limited (5101.T) reported record-high revenue and operating profit for its fiscal first quarter ending March 2026. Sales reached ¥2.751 billion, up 10.4% from the same period last year, while operating profit increased by 34.2% to ¥260 million.
The company attributed the strong performance to robust sales in Europe, Japan, and India, which drove overall growth despite rising raw material costs due to the ongoing Middle Eastern situation. Measures such as price adjustments and cost reduction strategies helped absorb additional expenses.
Yokohama expects limited impact from the Middle East on its operations and plans to meet initial raw material procurement targets. Looking ahead, the company revised its annual forecast upward, projecting higher operating and net profits driven by asset sale proceeds and improved operational efficiencies.
Specifically, Yokohama anticipates selling assets related to the closure of its Salem factory and the disposal of Israeli plant land, expecting significant financial benefits from these transactions.
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