HOME > News Release >  >> Management infomation >  >> Financials > 2007102618mg001

Corporate Information

 
PDF (311 KB)
2007.October.26
Yokohama Rubber Revises Earnings Projections Upward
Tokyo—Yokohama Rubber Co., Ltd., announced today that it has revised upward its projections for consolidated earnings in interim fiscal period from April 1 to September 30, 2007. The new projections call for interim operating income to increase 3.5-fold over the same period of the previous year, to .5 billion, and for interim net income to increase 3.7-fold, to
.5 billion. Yokohama’s revised projection for operating income is 27.8% higher than the projection announced on August 9, and the revised projection for net income is 66.7% higher. The company’s projection of a 13.3% increase in net sales, to ко0 billion, is unchanged from the earlier projection.

Occasioning the upward revision in projected profitability were stronger-than-expected sales growth in markets outside Japan, improvements in the structure of earnings in Yokohama’s North American tire operations, and the weaker-than-expected yen. The upward revision in projected net income reflects a larger-than-expected tax benefit realized in connection with the improved profitability in Yokohama’s North American tire operations. Yokohama will announce updated projections for full-year sales and earnings when it releases its interim results on November 9.