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Consumer Durables

The Yokohama Rubber Co., Ltd.

Business Summary

The Yokohama Rubber Co., Ltd. engages in the manufacture and sale of tires. It operates through the following segments: Tires, Multiple Business (MB), Alliance Tire Group (ATG), and Others. The Tires segment provides tires for passenger cars, trucks and buses, light trucks, construction and mining equipment, industrial vehicles, aluminum alloy wheels, and peripheral products. The MB segment offers conveyor belts, rubber plates, marine fenders, oil spill containment booms, marine hoses, rubber molded products, air springs, highway joints, rubber support, water-repellent materials, anti-seismic laminated rubber sheets for buildings, water-proof materials, sound and vibration proof materials, adhesives, and sealants. The ATG segment covers tires for agricultural machines, industrial and construction vehicles, and forestry machinery. The Others segment handles sporting goods, information processing, and real estate leasing services. The company was founded on October 13, 1917 and is headquartered in Tokyo, Japan.

Financial Highlights

Dec 2019 JPYUSD
Revenue650,462M5,966.94M
Gross Profit209,139M1,918.51M
Operating income50,130M459.86M
Income before tax57,764M529.89M
Net income41,970M385.00M
EBITDA92,512M848.64M
Diluted EPS261.612.39
Dividends Per Share640.58
Total Assets907,560M8,351.13M
Total liabilities479,883M4,415.76M
Total equity418,893M3,854.54M
Operating cash flow75,374M691.43M
Currency in JPYCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 629,856M 574,048M 646,272M 650,239M 650,462M
Gross Profit 221,729M 190,687M 213,038M 215,742M 209,139M
Operating income 54,536M 45,775M 58,265M 59,257M 50,130M
Income before tax 54,254M 24,076M 54,891M 49,941M 57,764M
Net income 36,307M 9,363M 39,975M 35,623M 41,970M
EBITDA 85,896M 78,935M 92,894M 96,050M 92,512M
Diluted EPS 226.07 58.39 249.31 222.12 261.61
Dividends Per Share 52 52 62 62 64
Total Assets 710,716M 888,949M 920,776M 855,812M 907,560M
Total liabilities 366,028M 544,211M 533,023M 473,413M 479,883M
Total equity 338,979M 338,472M 379,778M 374,027M 418,893M
Operating cash flow 57,544M 77,724M 60,466M 82,821M 75,374M
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 5,202.63M 5,283.02M 5,763.40M 5,887.56M 5,966.94M
Gross Profit 1,831.48M 1,754.91M 1,899.85M 1,953.42M 1,918.51M
Operating income 450.46M 421.27M 519.60M 536.54M 459.86M
Income before tax 448.14M 221.57M 489.51M 452.18M 529.89M
Net income 299.89M 86.16M 356.49M 322.54M 385.00M
EBITDA 709.50M 726.44M 828.42M 869.68M 848.64M
Diluted EPS 1.86 0.53 2.22 2.01 2.39
Dividends Per Share 0.42 0.47 0.55 0.56 0.58
Total Assets 5,908.10M 7,621.63M 8,173.77M 7,800.31M 8,351.13M
Total liabilities 3,042.75M 4,665.93M 4,731.67M 4,314.93M 4,415.76M
Total equity 2,817.89M 2,901.97M 3,371.30M 3,409.07M 3,854.54M
Operating cash flow 475.31M 715.30M 539.23M 749.89M 691.43M

Valuation Measures

Dec 2019
PER8.14
ROA4.76%
ROE10.58%
Operating margin7.70%
Profit margin6.45%

Key executives

  • President & Representative Director: Masataka Yamaishi
  • Director, Managing Executive Officer, GM-R&D: Masaki Noro
  • Director, Executive Officer & GM-Tire Production: Toru Nakamura
  • Executive Officer & GM-Direct Tire Sales: Satoshi Fujitsu
  • Executive Officer, GM-IT Planning & CSR: Shigetoshi Kondo

Shareholders

  • ZEON Corp. (9.5%)
  • Asahi Mutual Life Insurance Co. (6.4%)
  • Nomura Asset Management Co., Ltd. (5.8%)
  • The Yokohama Rubber Co., Ltd. (5.3%)
  • Mizuho Financial Group, Inc. (3.6%)
  • Nikko Asset Management Co., Ltd. (2.8%)
  • Daiwa Asset Management Co. Ltd. (2.4%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (2.0%)
  • The Vanguard Group, Inc. (1.8%)
  • Dai-ichi Life Holdings, Inc. (1.5%)

Contact Details

  • Website:http://www.yrc.co.jp
  • Address: 5-36-11 Shimbashi, Minato-Ku, Tokyo, 105-8685, Japan
  • Phone: +81.3.5400.4531

Related Companies

  • Yokohama Rubber Restricted Stock Compensation Plan
  • Yokohama Motorsports International Co., Ltd.
  • PT Yokohama Industrial Products Manufacturing Indonesia
  • Yokohama Tire Mexico S de RL de CV
  • Yokohama Industrial Products Europe GmbH
  • Yokohama Industrial Products Shanghai Co. Ltd.
  • Yokohama Rubber Latin America Industria e Comercio Ltda.
  • Yokohama Russia LLC
  • Yokohama Tire (Canada), Inc.
  • Yokohama Industries America, Inc.
  • Yokohama Asia Co. Ltd.
  • Yokohama Industrial Products Asia-Pacific Pte Ltd.
  • SC Kingflex Corp.
  • Shandong Yokohama Rubber Industrial Products Co. Ltd.
  • Yokohama Tire Korea Co., Ltd.
  • Yokohama Rubber Singapore Pte Ltd.
  • PRGR Co., Ltd.
  • Kameyama Bead KK
  • Yokohama Industrial Products Italy SRL
  • Alliance Tire Group BV
  • YOKOHAMA BELGIUM NV
  • Yokohama Tyre Vietnam Inc
  • Yokohamagomu Mb Japan KK
  • Yokohama R.P.Z. LLC
  • Yokohama Rubber Trust
  • Yokohama Tire Taiwan Co. Ltd.
  • Yokohama Danmark A/S
  • Yokohama Rubber (Thailand) Co. Ltd.
  • Yokohama Tire Manufacturing (Thailand) Co., Ltd.
  • Yokohama Hamatite (Hangzhou) Co. Ltd.

Competitors

  • Titan International, Inc.
  • Nizhnekamskshina PJSC
  • Goodyear Tire & Rubber Company
  • Trelleborg AB Class B
  • Fusheng Precision Co. Ltd.
  • Gentex Corporation
Last Updated on 30 Sep, 2020

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