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The Yokohama Rubber Company (5101) investor relations material
The Yokohama Rubber Company Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record high sales revenue and business profit for 3Q and the first nine months of FY2025, with 1-3Q sales revenue up 12.0% YoY to ¥877,189 million and business profit up 20.8% to ¥100,725 million.
Profit attributable to owners of the parent increased 8.7% YoY to ¥66,124 million.
Tire segment accounted for 90.7% of consolidated sales, with strong growth in both OE and replacement tire sales, and significant contribution from the acquired OTR business.
Progress continues on technology and production transformation initiatives under the YX2026 plan, focusing on cost reduction, rapid product development, and premium OE tire development.
Financial highlights
3Q sales revenue reached ¥298.0bn, up 15.7% YoY; 1-3Q sales revenue was ¥877.2bn, up 12.0% YoY.
3Q business profit before PPA amortization was ¥42.2bn (+36.4% YoY), with a profit margin of 14.1% (+2.1pp YoY).
1-3Q business profit after PPA amortization was ¥100.7bn (+20.8% YoY), with a margin of 11.5% (+0.8pp YoY).
Gross profit for the nine months was ¥305,963 million, up from ¥274,506 million YoY.
Basic earnings per share increased to ¥419.08 from ¥379.42 YoY.
Outlook and guidance
FY2025 full-year plan targets record high sales revenue of ¥1,235.0bn (+12.8% YoY) and business profit of ¥153.0bn (+13.9% YoY).
Aims to achieve FY2026 business profit target one year ahead of schedule.
Annual dividend forecast is ¥112.00 per share, up from ¥98.00 in the previous year.
No revisions to the previously announced earnings forecast.
Impact from US and India tariffs (¥14.0bn) expected to be absorbed by price increases, volume growth, and internal improvements.
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