trending Market Intelligence /marketintelligence/en/news-insights/trending/oK-CsA_sCnTWLOQM-dJxjA2 content esgSubNav
In This List

Yokohama Rubber Q3 profit falls YOY

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Podcast

Next in Tech | Episode 65: The operations side of AI/ML


Yokohama Rubber Q3 profit falls YOY

Yokohama Rubber Co. Ltd. said its normalized net income for the third quarter amounted to ¥8.23 per share, a decrease of 73.7% from ¥31.28 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.32 billion, a decline of 73.9% from ¥5.05 billion in the year-earlier period.

The normalized profit margin declined to 0.9% from 3.5% in the year-earlier period.

Total revenue totaled ¥147.34 billion, compared with ¥145.93 billion in the prior-year period, and total operating expenses rose on an annual basis to ¥142.20 billion from ¥137.65 billion.

Reported net income fell 70.8% year over year to ¥2.04 billion, or ¥12.69 per share, from ¥6.96 billion, or ¥43.09 per share.

As of Nov. 10, US$1 was equivalent to ¥123.26.