Edition:
United States

Yokohama Rubber Co Ltd (5101.T)

5101.T on Tokyo Stock Exchange

2,229JPY
24 Mar 2017
Change (% chg)

¥20 (+0.91%)
Prev Close
¥2,209
Open
¥2,212
Day's High
¥2,243
Day's Low
¥2,200
Volume
658,100
Avg. Vol
839,712
52-wk High
¥2,366
52-wk Low
¥1,170

Latest Key Developments (Source: Significant Developments)

Yokohama Rubber announces application of IFRS
Sunday, 19 Feb 2017 11:55pm EST 

Yokohama Rubber Co Ltd <5101.T> : To apply International Financial Reporting Standards (IFRS) as the new accounting method, to replace the current Japan-Generally Accepted Accounting Principles .IFRS effective from the annual report for fiscal year ending Dec. 2017.  Full Article

Saehwa IMC to sell its entire stake in The Yokohama Rubber for 11 bln won
Monday, 5 Dec 2016 04:45am EST 

Saehwa IMC Co Ltd <145210.KS> : Says it will sell 518,000 shares of Japan company The Yokohama Rubber Co., Ltd, which is engaged in manufacturing rubber goods, to improve financial structure . Says transaction amount is 11 billion won .Says it will hold 0 percent stake in The Yokohama Rubber Co., Ltd, after the transaction.  Full Article

Yokohama Rubber to buy Alliance Tire Group
Friday, 25 Mar 2016 04:00am EDT 

Yokohama Rubber Co Ltd:To acquire 132,923 shares (100 pct voting rights) in Netherlands-based company Alliance Tire Group from KKR AT Dutch B.V., Yogesh Agencies and Investments Private Limited, International Finance Corporation, and Mr.Zubin Dubash.Transaction price 1.5 bln yen (including expense).Planned effective July 1.  Full Article

Yokohama Rubber lowers consolidated full-year outlook for FY 2015
Monday, 9 Nov 2015 11:00pm EST 

Yokohama Rubber Co Ltd:Says the company lowered the consolidated full-year outlook for revenue to 648,000 million yen from 673,000 million yen for the fiscal year ending Dec. 31, 2015.Sees a decrease of operating profit forecast to 55,000 million yen from 64,000 million yen.Sees a decrease of ordinary profit forecast to 49,500 million yen from 59,500 million yen.Sees a decrease of net profit forecast to 33,000 million yen from 39,000 million yen.Sees a decrease of earnings per share to 205.81 yen from 243.22 yen.FY 2015 revenues of 666.08 billion yen, net profit of 40.72 billion yen – Thomson Reuters I/B/E/S.Comments that decreased sales of tyre business is the main reason for the forecast.  Full Article

Yokohama Rubber to issue mid-year dividend and lowers year-end dividend forecast for FY 2015
Monday, 10 Aug 2015 12:00am EDT 

Yokohama Rubber Co Ltd:To issue a mid-year dividend of 13 yen per share to all the shareholders of record as of June 30, for FY ending Sep. 2015.Payment date Aug. 31.Says latest dividend forecast was 12 yen per share.Lowered year-end dividend forecast to 26 yen per share from 28 yen per share for FY 2015.  Full Article

Yokohama Rubber amends consolidated full-year outlook for FY 2015
Monday, 10 Aug 2015 12:00am EDT 

Yokohama Rubber Co Ltd:Says the company reaffirmed the consolidated full-year outlook for revenue at 673,000 million yen for FY ending Dec. 2015.Confirms the operating profit forecast at 64,000 million yen.Ordinary profit forecast increased to 59,500 million yen from 54,500 million yen.Net profit forecast increased to 39,000 million yen from 36,000 million yen.Earnings per share increased to 243.22 yen from 222.81 yen.FY 2015 revenues of 668.50 billion yen, net income of 40.56 billion yen – Thomson Reuters I/B/E/S.Comments the yen devaluation as the main reason for the forecast.  Full Article

More From Around the Web

Yokohama Rubber forecasts higher 2017 op profit despite soaring rubber prices

TOKYO, Feb 20 Yokohama Rubber Co Ltd, Japan's third-biggest tyre maker, on Monday forecast a 12 percent increase in 2017 operating profit despite soaring prices of natural rubber and other raw materials.