Yokohama Rubber’s sales increased by 28.8 percent year-on-year to 391.48 billion yen ($2.81 billion) in the first half (January-June) of the fiscal year ending December 31, 2022. Business profit for the period was 27.73 billion yen, up 5.3 percent; and net income was 23.31 billion yen, down 36.9 percent. The factors for increases and decreases at the business profit level...
Yokohama Rubber has worked with Hamagomu Aicom – a subsidiary focused on developing information systems – to create a proprietary compound design system that incorporates AI-based compound creation technology. The system has then come into practical use starting this July. By suggesting compounds that would be able to match a set of designated rubber properties, the AI here will let...
Yokohama Rubber has started supplying its Alliance Agri Star II tires as OE for the YT3R tractor series from Yanmar Agribusiness. Supply began this June, with the tires set for use in the YT330R, YT333R, YT338R and YT345R models specifically. The deal will see four tire sizes fitted to these tractors: 280/70R16 112D, 280/70R18 114D, 380/70R24 125D and 380/80R28 127D....
Yokohama Rubber announced on July 22 that it will raise the price of tires shipped for the Japanese market effective October 1. The hike will include summer, winter, and all-season tires and tube flaps for Japanese market use, which will be subject to an increase of up to 8 percent, depending on the type, product, size, and other factors. The...
Yokohama Rubber and subsidiary Yokohama Rubber Singapore held a Suppliers’ Day event this past May, looking here to interact with natural rubber suppliers and reach a unified stance on various issues as Yokohama Rubber pursues the sustainable procurement of natural rubber. This marks the third time the company has held such an event, with previous Suppliers’ Days having been organized...
In July, the Yokohama Magokoro (Sincere Heart) Fund, a social contribution fund by Yokohama Rubber employees, donated to support the activities of Child Fund Japan, which conducts a sponsorship program to watch children grow up while exchanging letters. Yokohama Rubber matched the donation as a matching gift, bringing the total amount of support to 384,000 yen ($2,800). This is the...
