Yokohama Rubber has been selling the Advan V61, a tire designed for premium SUVs, since March. This tire primarily targets medium and large premium SUVs, which have been growing in popularity in recent years. Deliveries as an original equipment tire for new vehicles began in 2022, and with an eye on expanding replacement demand in the repair market, the company...
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Yokohama Rubber Reports Record Sales, Profits in 2024: FY Results
Yokohama Rubber’s financial results for the fiscal year ended December 31, 2024, showed revenue from sales of 1.095 trillion yen ($7.33 billion), up 11.1% year-on-year; business profit of 134.38 billion yen, up 35.6%; and net income of 74.92 billion yen, up 11.4%. Sales revenue, business profit, and net income were all record highs, with sales revenue exceeding 1 trillion yen...
Yokohama Rubber and Zeon to Construct Bench Facility for Sustainable Butadiene
Yokohama Rubber and Zeon will construct a bench facility at Zeon’s Tokuyama Plant in Shunan City to demonstrate a highly efficient technology for generating butadiene from ethanol derived from plant materials. The facility will begin operating in 2026, and will collect various data for securing butadiene and for mass production. This initiative is one of two R&D themes selected in...
Japanese Tire Makers Achieve Record Sales in Fiscal 2024
The four Japanese tire makers, Bridgestone, Sumitomo Rubber, Yokohama Rubber, and Toyo Tires, have released their fiscal 2024 financial results. Although market conditions were generally harsh, all four companies posted record-high sales and record-high operating income (Bridgestone posted adjusted operating income; Sumitomo Rubber and Yokohama Rubber posted operating income), thanks in part to a tailwind from a weaker yen. On...
Yokohama Rubber Delivers EV Tires for Leapmotor SUV
Yokohama Rubber has begun deliveries of Advan Sport EV tires for new vehicle installation (OE) on the Leapmotor C16, the new SUV launched in China in June 2024 by Chinese EV manufacturer Leapmotor. The tire sizes are 245/45R21 104V XL for the front and 255/45R21 106V XL for the rear. Based on the company’s Advan Sport V107 tire for high-performance...
Yokohama Rubber to Supply Sustainable Racing Tires to All-Japan Super Formula
Continuing from last season, Yokohama Rubber will supply Advan racing tires made from renewable and recycled materials to the All-Japan Super Formula Championship as control tires in 2025. This season’s tires will further increase the ratio of recycled and recyclable materials to approximately 46%, and will be supplied from the official test held on February 18-19. As part of its...