Although the sales revenue of 185.6 billion yen (£1.2 billion) earned by the Yokohama Rubber Co., Ltd. in Q1 2022 was the highest figure it ever achieved in the January-to-March quarter and a 28.4 per cent improvement on the result attained a year earlier, the company nonetheless had little cause for celebration by the time rising costs and other complications were factored in. Profit attributable to owners of parent declined 63.5 per cent year-on-year in the first quarter of 2022 to 10.2 billion yen (£64.9 million). Operating profit was, at 13.7 billion yen (£87.1 million), down 62.7 per cent.
Yokohama Rubber and Alps Alpine have jointly developed a technology that automatically detects wear in car tyres. The tyre maker sees potential for this technology in self-driving vehicles and shared mobility fleets.
The Yokohama Rubber Co., Ltd. has been selected as a constituent stock in the FTSE Blossom Japan Sector Relative Index, an equity index designed to reflect the performance of Japanese companies that demonstrate strong environmental, social and governance (ESG) practices.
Yokohama Rubber views motorsport engagement as “crucial” to the development of new tyre technologies for its Advan and Geolandar brands, and this focus is reflected in its motorsports activity plan for 2022. Not only will the company participate in a wide variety of motorsport events in its home market Japan and around the world, from top-level championships to grassroots racing, the tyre maker also intends to begin using its presence in motorsport to further its development of tyres that use renewable and recyclable materials.
The Yokohama Rubber Co., Ltd. reports “record-high” sales revenue and profit during the 2021 fiscal year. Sales revenue increased 21.7% over the previous year; operating profit rose 132.4% & profit attributable to owners of parent was up 148.9%.
Two German manufacturers have selected the Yokohama Advan Sport V107 as an original equipment tyre for new and existing performance models. The Mercedes-AMG EQS 53 4MATIC+ wears the tyre in size 275/35R22 104Y, while the BMW X5M & X6M upgrade from the V105 to this latest-generation Advan tyre.
Yokohama Rubber’s natural rubber processing subsidiary in Thailand supported efforts to aid villagers affected by flooding in the country in December 2021. Y.T. Rubber Co, Ltd (YTRC) provided food packages in the wake of flooding due to heavy rains in the country’s Surat Thani Province, where YTRC is located.
The Lexus NX is the Japanese brand’s first-ever plug-in hybrid vehicle, and UK deliveries begin this month. Yokohama Rubber says it is supplying original equipment tyres to the NX, with Toyota Motor Corporation fitting the Yokohama BluEarth-XT AE61 and BluEarth-XT AE61 Z・P・S to the SUV in size 235/60R18 103H.
From the start of next year, Yokohama tyres will be sold in Malaysia through a newly formed joint venture company. Tyre maker Yokohama Rubber Co., Ltd. will hold a 51 per cent stake in the new Yokohama Tyre Sales Malaysia Sdn. Bhd., with the remaining share held by YHI (Malaysia) Sdn. Bhd. (YHIM), subsidiary of the exclusive distributor of Yokohama tyres in Southeast Asia, YHI International Limited (YHI). Akira Nakamoto has been appointed managing director.
In addition to the Advan Sport V107, Yokohama Rubber is bringing three further ranges to market in the first quarter of 2022 – but unlike the latest flagship performance tyre these products won’t be sold in the UK or Europe, for now at least.
Yokohama Rubber reports that its Yokohama Advan Sport V107 will be available in the aftermarket from early next year. It will launch this flagship tyre worldwide from March 2022 in an initial range of 30 dimensions for 18- to 23-inch rim diameters. Including original equipment fitments, Yokohama will offer the V107 in a total of 43 sizes at this time but intends to gradually grow the range up to approximately 80 original equipment and replacement market dimensions by the end of next year.
The Yokohama Rubber Co., Ltd., announced today that it has succeeded in removing fake Yokohama aluminium wheels from the market in China. Authorities in Foshan, Guangdong Province aided this most recent victory against counterfeiters.
Talk at Yokohama Rubber is of record earnings for the first nine months of a fiscal year. The company reports that between the start of January and the end of September 2021, profit attributable to owners of parent increased approximately tenfold year-on-year, to 43.5 billion yen (£284.9 million). Operating profit was up sevenfold, to 59.3 billion yen (£388.4 million) and business profit rose approximately fourfold, to 37.1 billion yen (£243.0 million). Sales revenue was up 22.3 per cent, to 460.5 billion yen (£3.0 billion).