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Yokohama Sees Sales, Profits Up

(Akron/Tire Review) Yokohama Rubber Co. posted a 19.1% increase in operating income, to 20.9 billion yen, through the first three quarters of its fiscal year compared to the same period last year.


Sales for the period were up 9.1% to 333.7 billion yen, lead by sales gains in North America and Europe.


Company officials said that sales growth, cost-cutting measures, and the weakening of the yen against the dollar more than offset increases in raw-material costs.

Operating income for Yokohama’s tire group increased 7.2%, to 18.4 billion yen, against a 10% increase in sales, to 248.5 billion yen.

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