Yokohama Rubber's 2012 Net Profit Surged by 187% Hits Historical Highs

In February 2013, the Japanese company announced Yokohama Rubber's financial report for the fiscal year 2012 (January to December 2012). The company's sales, operating profit, and net profit last year hit a record high. For the first time last year, the company used the calendar year as a fiscal year, and the fiscal year 2012 data was compared with the sum of financial data for the four quarters of 2011.

In 2012, Yokohama's net rubber sales totaled 559.7 billion yen (approximately US$5.99 billion), an increase of 0.3% year-on-year; operating profit surged 85.7% year-on-year to reach 49.7 billion yen (approximately US$530 million); the company’s net sales in 2012 Profits surged 187.3% from 2011 to 32.6 billion yen (about US$350 million).

Although Yokohama Rubber Tire Business Division's net sales fell slightly by 0.6% last year to 444.6 billion yen (approximately US$4.76 billion), its operating profit soared 91.9% from 2011 to reach 43.4 billion yen (approximately 4.6). One hundred million U.S. dollars).

Yokohama Rubber Industry's net sales reached 91.9 billion yen (about 980 million U.S. dollars) in 2012, an increase of 6.1% year-on-year; operating profit soared 104.6% year-on-year to 5.1 billion yen (about 55 million U.S. dollars); sales of other products The amount fell by 3.9% year-on-year to 23.3 billion yen (about US$250 million), and operating profit fell by 25.9% year-on-year to 1.3 billion yen (about US$14 million).

Yokohama Rubber expects it to record a new high this year, net sales are expected to exceed 630 billion yen (approximately US$6.74 billion), operating profit and net profit are also expected to reach 36 billion yen (approximately US$390 million) and 590 respectively. 100 million yen (about 630 million U.S. dollars).

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