The Yokohama Rubber Company,Limited [5101.T]
TOKYO, Apr 16 (Pulse News Wire) – The Yokohama Rubber Company,limited (5101.T) announced today that its subsidiary, Alliance Tire Company Ltd., decided to sell fixed assets located in Haifa, Israel, during a board meeting held on April 15, 2026 local time. The sale is part of the company's capital allocation strategy outlined in its mid-term plan "YX2026," aimed at maintaining financial discipline while ensuring growth investment capacity through stable cash flow creation and asset sales.
Specifically, the assets being sold consist of land and buildings previously used by the OHT factory in Israel, which was closed at the end of December 2024 to optimize production facilities. The transaction is expected to result in estimated gains of approximately [NUM_0]. The precise figures for the selling price and book value will not be disclosed due to confidentiality agreements with the buyer. Additionally, the exact amount of the gain will be calculated based on the selling price minus the book value and related expenses.
The contract was finalized on April 15, 2026 local time, and the transfer is scheduled for April 16, 2026 local time. As a result, the company anticipates recognizing approximately [NUM_1] in "other income" for the second quarter of the fiscal year ending December 2026. A detailed impact assessment on the consolidated earnings forecast for the same period is currently underway, and any necessary adjustments will be communicated promptly. This transaction does not involve any significant capital, personal, or commercial relationships between the buyer and Yokohama Rubber.
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