Yokohama Rubber Co. Ltd. (TYO:5101) announced on Feb. 19 that it intends to dissolve and liquidate Yokohama Industrial Products Italy S.r.l., an Italian subsidiary focused on the production and sale of marine hoses. The Japanese parent company has already sold Yokohama Industrial Products Italy’s tangible fixed assets to a third party, with the transfer of these assets having been completed...
Yokohama Rubber Co. Ltd. (TYO:5101) has released its results forecast for calendar 2021. The company expects to generate 620 billion yen ($5.83 billion) in sales revenue for the year, up 8.7 percent year-on-year; 50 billion yen in business profit, up 35.9 percent; and net profit of 34.5 billion yen, up 31.1 percent. Looking at the upward and downward factors on...
Yokohama Rubber Co. Ltd. (TYO:5101) recently announced that it has launched sales of a new two-component silylated acrylate sealant. Named Hamatite SC-SA2/Evomax, the product hit the market earlier this month. Exceling at both weather resistance and durability, the new sealant can be used in a wide range of applications, including not only around windows but also on the joints of...
Speaking to the press recently in an online press conference, Yokohama Rubber Co. Ltd. (TYO:5101) President Masataka Yamaishi reflected on 2020 and also discussed both the outlook for 2021 and the direction of the company’s new upcoming medium-term business plan. Under this plan, Yamaishi said, Yokohama Rubber’s 2023 sales will certainly exceed its 2019 sales, and the company will work...
Yokohama Rubber Co. Ltd. (TYO:5101) is making a push to grow sales for its lineup of studless winter tires. Efforts here are centered on the iceGuard 6 line, which launched around four years ago and is known internationally as the iceGuard iG60. However, there is also a focus on the iceGuard 5 Plus, a mass-market line; the iceGuard SUV G075,...
Yokohama Rubber Co. Ltd. (TYO:5101) has added four new 19-inch sizes to its lineup for the Advan A052, a street sports tire under the company’s flagship Advan brand. The Advan A052 is a next-gen street sports radial tire that not only exhibits a high level of grip and handling performance but was also designed with noise and fuel efficiency in...
