Another record year for Yokohama Rubber
Yokohama Rubber reports that its net sales, operating income, and net income climbed to record levels in fiscal 2014. This is the third consecutive year of record results for the company, and it opines that this performance “reflected robust growth in tyre business in the original equipment market in Japan and vigorous sales gains in markets overseas.” Yokohama’s earnings benefited from a decline in raw material costs and from the weakening of the yen, as well as from the sales growth.