Yokohama increased sales volumes

Yokohama Rubber reported its financial results for the first quarter of 2025 and announced that revenue increased by 9% compared to January-March 2024, totaling $1.9 billion, which is a record value. At the same time, operating profit decreased by 27.7% to $130 million, and net profit decreased by 56.9% to $58 million.

In Yokohama, it is noted that profits decreased due to one-time expenses related to the purchase of the Goodyear business in the off-the-road tire segment. Revenue was increased primarily in foreign markets, and the company reports that it continues to increase sales of high-value-added products, such as tires from the ADVAN and Geolandar lines, as well as winter models and large-diameter tires.

Yokohama confirmed its forecast for 2025, and it is expected that sales will increase by 11.4% to $8.4 billion, and operating profit will increase by 10.8% to $910 million.