Yokohama Results For Fiscal 2003

Yokohama Rubber Co. has released its results for the fiscal year 2003, ending 31 March. Net sales rose 0.

2 per cent to 400,448 million Yen (3.38 bn US$). Operating income was up 2.

1 per cent to 23,184 million Yen ( $ 195.6 m), while net income rose sharply (by 37.8 per cent) to a record 10,144 million Yen ($ 85.

6 m). Sales of the Tire Group accounted for 71.7 per cent of net sales and were up 1 per cent to 286,987 million Yen ($ 2.

4 bn), with operating income up 10.8 per cent to 17,264 million Yen ($ 145.6 m).