Yokohama said it had quarterly sales of 222.4 billion yen, and that the sales increase was due to business growth in North America and Asia, including increased OE tire business.
Sales increased 11.5% in Yokohama’s Tire Group to 162.5 billion yen. Operating income in the Tire Group declined 69.7%, to 1.1 billion yen, reflecting the rising prices for natural rubber and other raw materials.