Lacklustre domestic tyre sales slow Yokohama Rubber’s profits in 2015

12th February 2016 | 0 Comments
 

Although Yokohama Rubber clocked up a fourth consecutive year of record sales in 2015, operating income and net income declined year-on-year as falling vehicle production affected the company’s original equipment business in Japan and both escalating price competition and a mild winter hit the country’s replacement market business. Yokohama’s net sales rose 0.7 per cent to 629.9 billion yen (£3.9 billion) in 2015, while operating income declined 7.7 per cent to 54.5 billion yen (£334.6 million) and net income dropped 10.4 per cent to 36.3 billion yen (£222.9 million).

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