Profit growth for Yokohama Rubber in 2023

In the 2023 fiscal year, Yokohama Rubber announced a significant increase in its core financial indicators: revenue grew by 14.5% and reached 985.3 billion yen (6.5 billion dollars), operating profit increased by 45.8% to 100.4 billion yen (671 million dollars), and profit attributable to the parent company's owners grew by 46.4% to 67.2 billion yen (449 million dollars).

These indicators became record-breaking for Yokohama Rubber for the entire year. The company also achieved its goal of increasing the ratio of business profit to sales revenue above 10% in line with the goals outlined in the YX2023 medium-term management plan.