·Yokohama Rubber improves its first half of the year

Not long ago, Yokohama Rubber Co., Ltd. raised its forecast for the first half of the consolidated statement.

Compared with the forecast on February 20, adjusted sales are expected to increase by 3.3% year-on-year to reach 310 billion yen.

Sales profit is expected to increase by 28.6% year-on-year to reach 18 billion yen. Operating profit is expected to increase by 54.2% year-on-year to 18.5 billion yen. The current net profit attributable to shareholders of the parent company is expected to increase by 46.7% to 11 billion yen.

Although affected by the rise in raw material prices, the forecast amount has been somewhat floating.

Yokohama Rubber believes that the overall sales of the group's tires are generally good, especially in the domestic market in Japan, as well as sales in China, Russia and other regions, have maintained a good momentum.

In addition, the continued depreciation of the yen in the foreign exchange market also prompted the forecast to rise.

Yokohama Rubber said that due to many uncertain factors such as supply and demand trends, raw material prices, and fluctuations in the foreign exchange market, its 2017 consolidated annual results are not well predicted and are currently under review.

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