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Yokohama Rubber Co Ltd (5101.T)

5101.T on Tokyo Stock Exchange

25 Sep 2017
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¥19 (+0.83%)
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Latest Key Developments (Source: Significant Developments)

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

BRIEF-Yokohama Rubber to raise production capacity for passenger-car tires in China - Nikkei

* Yokohama rubber to raise production capacity for passenger-car tires in china to 13.6 million units a year by 2020; to cost 27 billion yen - Nikkei Source text (s.nikkei.com/2rVjSHC) Further company coverage: