The company forecasts an 11.4% increase in sales revenue for 2025, and projects business profit will rise 2.7%
Yokohama Rubber reported its business and financial results for fiscal 2024, covering January to December. The company increased sales revenue by 11.1% year-over-year, reaching ¥1,094.7 billion (approx. $7.2 billion) and surpassing ¥1 trillion for the first time. Yokohama also set record highs in all profit categories. Business profit rose 35.6% to ¥134.4 billion (approx. $888 million), operating profit climbed 18.7% to ¥119.2 billion (approx. $788 million), and profit attributable to owners of the parent grew 11.4% to ¥74.9 billion(approx. $495 million). The business profit margin also reached a record 12.3%.
Factors Driving Yokohama Fiscal Growth
Several key factors contributed to the increase in group business profit, Yokohama said. Higher sales volume, optimised product pricing, and increased sales of consumer tyres sized 18 inches or larger played a major role. Additionally, a full-year contribution from Y-TWS and favorable foreign exchange effects from the yen’s depreciation boosted overall performance.
Yokohama Rubber Projects Record Fiscal 2025 Growth
Management expects Yokohama Rubber fiscal results to reach new highs in 2025. The company forecasts an 11.4% increase in sales revenue, and projects business profit will rise 2.7%. Meanwhile, operating profit is expected to climb 10.8%.
