Yokohama Rubber Posts Record Sales and Earnings in 2012
Apr 15th, 2013 | By Achim von MichelMultiLing’s key account client Yokohama Rubber Co., Ltd., recently announced record figures for net sales, for operating income, and for net income in fiscal 2012 (January to December 2012). The historic sales and earnings performance reflected strong growth in sales of tires to automakers in Japan, a business recovery in industrial products, success in securing market acceptance for price increases, a decline in raw material costs, continuing progress in reducing costs, and the weakening of the yen toward the end of the year.
Two thousand twelve was Yokohama’s first 12-month fiscal period since the company shifted to calendar-year accounting in 2011, from April-to-March accounting, so formal year-on-year comparisons are impossible.… [Continue reading]


