Hiratsuka, Japan—The Yokohama Rubber Co., Ltd., announced today its business and financial results for the first half of fiscal 2025 (January to June 2025). Sales revenue increased 10.3％ over the same period of the previous year, to ¥579.2 billion, and business profit* increased 13.8%, to \62.1 billion. Both figures are new record highs for first-half results. However, operating profit was \54.9 billion, down 2.5% year on year, and profit attributable to owners of parent decreased 23.7%, to \35.5 billion.

The year-on-year increase in consolidated business profit can be attributed to the strong performance of existing businesses offsetting the one-time costs related to the acquisition and consolidation of Goodyear’s OTR business. Tire business profit rose on an increase in unit sales of consumer tires and continued growth in sales of high-value-added ADVAN, GEOLANDAR, and Winter (AGW) tires as well as high-inch tires. Meanwhile, the MB segment’s increase in sales of its marine products and structural reforms in its hose & couplings business also contributed to the increase in consolidated business profit.

Management also announced upward revisions to its full-year fiscal 2025 consolidated results forecast announced in February 2025, raising its projections for sales revenue to \1,235.0 billion, business profit to \153.0 billion, operating profit to \140.5 billion, and profit attributable to owners of parent to \88.0 billion. Management also has decided to increase its year-end dividend by ¥10 from the previously announced figure, which raises the planned full-year dividend to ¥112, ¥14 higher than the fiscal 2024 annual dividend.

*Basically equivalent to operating income under accounting principles generally accepted in Japan and calculated as sales revenue less the sum of cost of sales and selling, general and administrative expenses.

For more information:
[Consolidated Financial Results] (PDF: 342KB)
https://www.y-yokohama.com/release/pdf/2025081214mg002.pdf
[Timely Disclosure Information] (PDF: 342KB)
https://www.y-yokohama.com/global/ir/pdf/document/disclosure_18_en.pdf