Yokohama Rubber Co Ltd (5101.T)
29 May 2017
Thu, May 25 2017
* 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:
* Says fire incident happened in the east plant of a wholly- owned unit YOKOHAMA TIRE PHILIPPINES,INC., on May 14
* Says fire accident happened in a warehouse of unit YOKOHAMA TIRE PHILIPPINES,INC. on May 14
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.
* To apply International Financial Reporting Standards (IFRS) as the new accounting method, to replace the current Japan-Generally Accepted Accounting Principles