Yokohama suffers first half losses
Yokohama Rubber Co. Ltd. posted sales of 201.1 billion yen during the first six months of its current fiscal year. That compares to sales of 256.6 billion yen achieved during the same previous-year period.
The Tokyo, Japan-based company also suffered an interim operating loss of 2.4 billion yen vs. income of 5.6 billion yen for the same period last year.
Yokohama's Tire Group posted sales of 156 billion yen on an operating loss of 2.5 billion yen during the first half vs. sales of 193.8 billion yen on income of 3.2 billion yen during the same period last year. "The downturn in profitability in the Tire Group... reflected the decline in sales, declines in capacity utilization rates and the appreciation of the yen," say Yokohama officials.