The company also reported profits dropped by 3.2% year over year due to one-time costs tied to acquiring and integrating Goodyear’s OTR business.
Yokohama Rubber reported its business and financial results for Q1 2025, covering January to March. The company increased sales revenue by 9.0% over the same period last year, reaching ¥275.1 billion (approx. $1.8 billion) – a record high for a first quarter. However, profits dropped compared to a year earlier. Yokohama posted a business profit of ¥24.1 billion (approx. $165 million), a 3.2% decline year over year. Operating profit dropped to ¥19.3 billion (approx. $132 million), a 27.7% decrease, while profit attributable to owners of the parent fell to ¥8.5 billion (approx. $5.8 million), a 56.9% drop.
Yokohama Q1 2025 Results Affected by Acquisition Costs
Yokohama attributed the decline in consolidated business profit to one-time costs tied to acquiring and integrating Goodyear‘s OTR business. Without those costs, existing operations performed strongly, Yokohama said. The company grew consumer tyre sales, especially in overseas markets. It also expanded sales of high-value-added ADVAN, GEOLANDAR, and Winter tires, along with high-inch tyres. The MB segment supported profits through better product mix and structural reforms.
