Yokohama Rubber has reported January to September net income up to JPY25bn (US$215m), from JPY20bn, with net sales rising 4.2% to JPY430bn.
Driving the nine-month sales performance were gains in Yokohama’s core tyre operations, led by growth in original equipment business in Japan and by rises in overseas markets.
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Yokohama also posted increases in industrial products and in other products, led by rises in sealants, adhesives and in golf equipment.
The nine-month gains in sales and profitability benefited greatly from declining prices for raw materials and the weakening of the yen.
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