Yokohama Rubber announces record earnings
Talk at Yokohama Rubber is of record earnings for the first nine months of a fiscal year. The company reports that between the start of January and the end of September 2021, profit attributable to owners of parent increased approximately tenfold year-on-year, to 43.5 billion yen (£284.9 million). Operating profit was up sevenfold, to 59.3 billion yen (£388.4 million) and business profit rose approximately fourfold, to 37.1 billion yen (£243.0 million). Sales revenue was up 22.3 per cent, to 460.5 billion yen (£3.0 billion).