Yokohama Rubber Co. Ltd.’s (TYO:5101) Yokohama Magokoro Fund, a charity initiative funded by voluntary employee donations, has contributed funding to support ChildFund Japan. As a special nonprofit organization (NPO), ChildFund Japan runs initiatives such as a sponsorship program that sees sponsors exchange letters with children in need while helping to support their growth. To bolster the donation, Yokohama Rubber has...
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Yokohama Rubber Supplies Fuel-Efficient Tires for New Mitsubishi Minivan
Yokohama Rubber Co. Ltd. (TYO:5101) has started supplying its Geolandar SUV and Geolandar G033 tires as OE for the new Delica D5 minivan from Mitsubishi Motors Corp. (TYO:7211), which launched in Japan on Feb. 15. The new Delica D5 is available as either a standard model or the Delica D5 Urban Gear model, which incorporates new modern elements. The standard...
Yokohama Rubber Subsidiary Expands Japanese Lineup of Agricultural Machinery Tires
The Alliance Tire Group (ATG), a subsidiary of Yokohama Rubber Co. Ltd. (TYO:5101), is looking to expand its lineup in the Japanese market for the agricultural machinery tires that it manufactures and sells under the Alliance brand. The group has begun offering a number of new tire sizes to this end. Coming as new products here are seven sizes of...
Major Tire Companies Plan Production Increases for 2019 While Projecting Rising Sales, Falling Profits
Japan’s four major tire manufacturers have now posted their earnings forecasts for calendar 2019, with the general trend of expectations here pointing to increased sales and decreased profits. And amid this, all four of the companies are planning increases to their production capacity. While a number of factors make 2019 a difficult year to predict – including the U.S.–China trade...
Yokohama Rubber Sees Sales Increase But Profit Decline for 2018
Yokohama Rubber Co. Ltd. (TYO:5101) recently posted its business results for calendar 2018, showing a slight increase to overall sales but a drop in most profit metrics. Across the company’s various divisions, sales rose 0.6 percent year-on-year to reach 650.24 billion yen ($5.89 billion). Business profit was then up 1.7 percent to 59.26 billion yen, but operating profit was down...
Yokohama Rubber Plans Launch of New SUV Tire Able to Cope With Sudden Snowfall
Yokohama Rubber Co. Ltd. (TYO:5101) is planning an April 1 launch for the Geolandar X-CV, a new product under its Geolandar line of highway-terrain SUV tires. The tire will be made available in 17 sizes. The Geolandar X-CV will be marketed as a next-gen highway-terrain tire for high-performance crossover SUVs. Placing an emphasis on high-speed performance and driveability, such SUVs...