Growth will be the focus of Yokohama Rubber’s energies in the fourth and final phase of its ‘Grand Design 100’ medium-term management plan. The Japanese tyre and rubber products manufacturer unveiled details of the three-year Phase IV on 13 February and announced it aim of raising annual net sales to 770 billion yen (£4.2 billion) and annual operating income to 80 billion yen (£438.2 million) by 2017, and to increase operating profit margin to 10.4 per cent within the same timeframe.