Yokohama Rubber's Q3 Earnings Soar, Despite North American Headwinds

Yokohama Rubber reports robust third-quarter earnings, with a 34% increase in business profit to 38.6 billion yen, driven by strong sales in Japan, China, and Europe. However, North American sales were impacted by inventory adjustments and tariffs. The company plans to expand its sales network in the region. Despite anticipated lower demand for winter tires in Japan, overall sales are expected to remain strong. Yokohama Rubber maintains its full-year profit forecast of 153 billion yen, expecting improvements in its mining tire business to offset Indian tariffs. Financial experts suggest the companys assumptions on exchange rates and price increases may be conservative.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.