Yokohama Revises Earning Projections
The Yokohama Rubber Co., Ltd., has upwardly revised its projections for consolidated earnings in the interim fiscal period from April 1 to September 30, 2007. These new projections, announced on October 26, call for the interim operating income to increase 3.5-fold over the same period of the previous year, to 11.5 billion yen (£49.1 million), and for interim net income to increase 3.7-fold, to 12.5 billion yen (£53.4 million). Yokohama’s revised projection for operating income is 27.8 per cent higher than the projection announced on August 9, and the revised projection for net income is 66.7 per cent higher. The company’s projection of a 13.3 per cent increase in net sales, to 252.0 billion yen (£1.08 billion), is unchanged from the earlier projection.