Profitable growth for Yokohama Rubber in 2023

In fiscal year 2023, Yokohama Rubber announced significant increases across key financial metrics, with revenue rising by 14.5% to reach 985.3 billion yen (£5.2 billion), operating profit increasing by 45.8% to 100.4 billion yen (£530.3 million) and profit attributable to owners of the parent company climbing by 46.4% to 67.2 billion yen (£354.9 million). These figures marked record-high full-year performance levels for Yokohama Rubber. The company also achieved its target of raising its ratio for business profit to sales revenue above 10% in line with the objectives it outlined in the YX2023 medium-term management plan.