Tokyo—Yokohama Rubber Co., Ltd., announced today that it has revised upward its projections for consolidated earnings in interim fiscal period from April 1 to September 30, 2007. The new projections call for interim operating income to increase 3.5-fold over the same period of the previous year, to .5 billion, and for interim net income to increase 3.7-fold, to
.5 billion. Yokohama's revised projection for operating income is 27.8% higher than the projection announced on August 9, and the revised projection for net income is 66.7% higher. The company's projection of a 13.3% increase in net sales, to ?0 billion, is unchanged from the earlier projection.

Occasioning the upward revision in projected profitability were stronger-than-expected sales growth in markets outside Japan, improvements in the structure of earnings in Yokohama's North American tire operations, and the weaker-than-expected yen. The upward revision in projected net income reflects a larger-than-expected tax benefit realized in connection with the improved profitability in Yokohama's North American tire operations. Yokohama will announce updated projections for full-year sales and earnings when it releases its interim results on November 9.