Yokohama Rubber Co. Ltd. posted net income of 17.4 billion yen on net sales of 393.1 billion yen through the first three quarters of 2012. Operating income totaled 26.3 billion yen.
(The company shifted to calendar-year fiscal accounting as of 2012 from its previous April-to-March accounting. That resulted in a one-time-only nine-month fiscal accounting period last year, so there is no year-to-year comparison.)
Based on the exchange rate on Sept. 30, 2012, Yokohama recorded net income of $223.3 million on net sales of $5 billion for the first half of 2012. It's income-to-sales ratio was 4.4%.
In the third quarter, Yokohama's sales of tires to automakers in Japan remained strong, but the company's business in tires weakened overseas, and its business in industrial products and in other products weakened overall.
For the full year, Yokohama abides by the projections that it announced in August, which included net income of 30 billion yen and net sales of 576 billion yen.
Yokohama also announced that its annual dividend will total 18 yen per share: an interim dividend of 8 yen and a year-end dividend of 10 yen.
