Key Developments: Yokohama Rubber Co Ltd (5101.T)

5101.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Yokohama Rubber Co Ltd to transfer sport business to subsidiary
Sunday, 9 Nov 2014 11:00pm EST 

Yokohama Rubber Co Ltd:To transfer sport business to wholly owned subsidiary PRGR CO.,LTD. on Jan. 1, 2015.  Full Article

Yokohama Rubber acquires Italian marine hose manufacturer from Parker Hannifin- Nikkan Kogyo Shimbun
Sunday, 21 Sep 2014 08:00pm EDT 

Yokohama Rubber Co Ltd:Acquired the Italian marine hose manufacturing and sales company Parker MHP S.r.l. from Parker Hannifin- Nikkan Kogyo Shimbun.Transaction price not disclosed.The Italian company's name will be changed to Yokohama Industrial Products Italy S.r.l.  Full Article

Yokohama Rubber Co Ltd amends consolidated full-year outlook for FY 2014
Friday, 8 Aug 2014 12:00am EDT 

Yokohama Rubber Co Ltd:Says the company amended the consolidated full-year outlook for the FY ending Dec. 2014.Revenue forecast decreased to 635,000 million yen from 647,000 million yen.Confirmed the operating profit forecast at 63,000 million yen.Ordinary profit forecast increased to 60,000 million yen from 57,500 million yen.Net profit forecast increased to 42,000 million yen from 37,500 million yen.Earnings per share forecast increased to 129.97 yen from 116.04 yen.FY 2014 revenues of 638.42 billion yen, reported net profit of 38.91 billion yen – Thomson Reuters I/B/E/S.  Full Article

Yokohama Rubber Co Ltd to issue mid-year dividend and raises year-end dividend forecast for FY 2014
Friday, 8 Aug 2014 12:00am EDT 

Yokohama Rubber Co Ltd:Resolved to issue mid-year dividend of 12 yen per share for the FY ending Dec. 2014.Dividend issued to shareholders of record as of June 30 and payment date Aug. 29.Says the mid-year dividend amount is above the latest forecast of 10 yen per share disclosed on Feb. 14.Sees year-end dividend forecast of 14 yen per share raised from 12 yen per share, for the FY ending Dec. 2014.  Full Article

Yokohama Rubber Co Ltd signs technological alliance agreement with Kumho Tire Co., Inc.
Thursday, 13 Feb 2014 11:00pm EST 

Yokohama Rubber Co Ltd and Kumho Tire Co., Inc:Yokohama Rubber decides to enter into a master technological alliance agreement with Kumho Tire Co., Inc.The two companies aim to increase their competitiveness in the global tire market by sharing R&D resources and making more effective use of them through joint research and development on the tire-related technologies of the future, including environmental technology.Under this master agreement, Yokohama Rubber and Kumho Tire will conduct detailed discussions on various other contracts, including a cooperative R&D agreement and a licensing and technology exchange agreement.  Full Article

Yokohama Rubber Co Ltd signs basic agreement of business and capital alliance with Kumho Tire Co., Ltd
Sunday, 1 Dec 2013 11:00pm EST 

Yokohama Rubber Co Ltd:Says signed a basic agreement of business and capital alliance with Kumho Tire Co., Ltd on Nov. 29.Says the purpose is a collaboration on research and development of tire related technology.  Full Article

Yokohama Rubber Co Ltd to Expand Truck Tire Production Capacity in Thailand- RIA Oreanda News
Wednesday, 17 Apr 2013 08:00pm EDT 

RIA Oreanda News reported that Yokohama Rubber Co Ltd announced that it will start building a new plant for Yokohama Tire Manufacturing (Thailand) Co., Ltd. (YTMT) as the Phase-II expansion of its truck/bus (TB) tire production capacity in July 2013. Yokohama Rubber invests a total of JPY 8 billion to build the second plant with a building area of 2.6 hectares. With the expansion, Yokohama Rubber will increase TB tire production capacity of the subsidiary from 350,000 to 700,000 tires a year. The second plant will start manufacturing operation in April 2015 and full-fledged operation in December of the same year.  Full Article

Yokohama Rubber Co Ltd to Pay Dividend
Wednesday, 13 Feb 2013 11:00pm EST 

Yokohama Rubber Co Ltd announced that it has decided to pay a dividend of JPY 12.00 per share (JPY 3,878 million in total), above the latest dividend forecast of JPY 10.00 per share, to all the shareholders as a record of December 31, 2012, effective March 29, 2013.  Full Article

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