Yokohama Gomu KK

5101

Equity

ISIN JP3955800002 / Valor 764180

Tokyo Stock Exchange (2024-12-27)

JPY 3,394.00+0.56%

Yokohama Gomu KK
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About company

Yokohama Rubber Company, Limited, also known as Yokohama Gomu KK, is a Japanese manufacturing firm headquartered in Hiratsuka, Japan. Established on October 13, 1917, through a joint venture between Yokohama Cable Manufacturing and BFGoodrich, the company has grown to become a significant player in the tire and rubber industry. Yokohama primarily produces tires, rims, and golf equipment. The company expanded its operations to the United States in 1969, forming Yokohama Tire Corporation. Yokohama is known for its involvement in motorsports, serving as the official tire supplier for the Super Formula Championship since 2016 and previously for the Macau Grand Prix Formula 3 race and the World Touring Car Championship. The company also manufactures rims under the Yokohama Wheel brand, which includes the Advan Racing, AVS, and Kreutzer lines, catering to performance, premium, and luxury markets respectively.

Summarized from source with an LLMView SourceSector: Non-Energy Materials

Record Sales and Revenue

Yokohama Gomu KK reported record sales revenue for the first three quarters of 2024, reaching ¥782.9 billion. This marks a 13.1% increase compared to the same period in the previous year, showcasing the company's strong market performance and effective sales strategies.

Significant Profit Growth

The company achieved a substantial increase in business profit, which rose by 69.6% to ¥83.4 billion. This growth reflects Yokohama Gomu KK's successful efforts in enhancing sales volume, adjusting product prices, and optimizing product mix.

Operating Profit Surge

Yokohama Gomu KK's operating profit for the first three quarters of 2024 increased by 63.8%, amounting to ¥85.8 billion. This surge in operating profit underscores the company's efficient cost management and strategic business operations.

Profit Attributable to Owners

The profit attributable to owners of the parent company rose by 36.5% to ¥60.8 billion. This increase highlights Yokohama Gomu KK's ability to generate higher returns for its shareholders during the first three quarters of 2024.

Record Business Profit Margin

Yokohama Gomu KK achieved a record-high business profit margin of 10.7% for the first three quarters of 2024. This milestone reflects the company's effective pricing strategies and favorable foreign exchange impacts due to the yen's depreciation.

Summarized from source with an LLMView Source

Key figures

5.27%1Y

84.1%3Y

58.4%5Y

Performance

16.9%1Y

32.1%3Y

31.4%5Y

Volatility