Yokohama Rubber reports record first-half financial results

On 9 August, The Yokohama Rubber Co., Ltd. announced its financial performance for the first half of fiscal 2024, publishing results that necessitate an upward revision of full-year earnings projections. The company’s sales revenue for the period surged by 18.5% year-on-year to a record ¥525.3 billion (£2.81 billion). Business profit climbed 113.4% to ¥54.6 billion (£292.4 million), operating profit increased by 99.6% to ¥56.3 billion (£301.7 million) and profit attributable to owners of parent grew by 68.3% to ¥46.6 billion (£249.9 million).