TYO:5101

2 stories mentioning TYO:5101Updated just now

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Yokohama Rubber Profit Rises 104% in H1

The Yokohama Rubber Co. (TYO:5101) posted a 104% year-over-year rise in profit attributable to owners of the parent to 72.6 billion yen in the first half of 2026 from 35.5 billion yen.The manufacturer's earnings per share increased to 460.16 yen from 224.21 yen a year ago, according to a Tokyo Stock Exchange filing on Monday.Sales revenues jumped 10% to 639.4 billion yen from 579.2 billion yen in the year-ago period.For the full year, the company raised its forecast for attributable profit to 117 billion yen from 109 billion yen, basic EPS to 744.11 yen from 693.36, and sales revenues to 1.320 trillion yen from 1.300 trillion yen.The company also revised the year-end dividend to 136 yen per share for the current fiscal year.

TYO:5101

Asia116d ago

Yokohama Rubber Unit to Sell Israel Plant Assets for 30 Billion Yen Gain

The Yokohama Rubber's (TYO:5101) subsidiary will transfer fixed assets tied to an idle off-highway tire plant in Israel, with the move expected to generate about 30 billion yen in gains, according to a Thursday filing on the Tokyo Stock Exchange.Alliance Tire Company, the group's consolidated unit, approved the sale of land and buildings linked to the Hadera plant, which ceased operations at the end of December 2024.The transaction aligns with the company's medium-term plan to optimize its global production network and free up capital for growth investments.The asset transfer is scheduled for completion on April 16, with the gain to be recorded as other income in the second quarter of the fiscal year ending December 2026.

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