Yokohama posts highest ever sales in 2017
The Yokohama Rubber Company has registered its highest ever annual net sales in 2017. The profit climbed 87.5% to 35.2 billion yen, on gains of 22.7% in operating income to 51.9 billion yen, and 12.1% in net sales, to 668.0 billion yen, the company said.
The original equipment business, in tyres segment, expanded in value and in unit volume solidly in overseas markets, especially in Asia. The company also posted gains in value and in unit volume in replacement tyres, led by growth in Russia and in Southeast Asia. Yokohama’s high-value-added products, such as the iceGUARD 6 studless snow tyre and the ADVAN dB V552 premium-comfort tyre, the company said.
“In Yokohama’s MB (Multiple Business) segments, sales increased in high-pressure hoses, in industrial materials, and in Hamatite-brand sealants and adhesives. Sales declined in aircraft fixtures and components, however, on account of weakness in the commercial sector. Sales in Yokohama’s ATG segment were consistent with management’s expectations. That segment comprises business in tyres for agricultural, industrial, construction, and forestry machinery conducted by the Yokohama subsidiary Alliance Tire Group,” Yokohama said in a statement.