Yokohama Rubber Co. Ltd. posted a loss of 258 million yen (approximately $2.4 million) during the first quarter of 2020 – after sales dropped by 13.6% due to COVID-19. Operating profit nearly vanished on a decline of 90.4%.
Yokohama Suffers From Lower OE Unit Sales in 1H
Sales revenue from Yokohama Rubber Co. Ltd.'s Tires Business Segment was down 1.6%. However, revenue from its Aliance Tire Group (ATG) subsidiary was up 7.1%.