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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 2021 JPYUSD
Revenue670,809M6,105.29M
Gross Profit223,631M2,035.35M
Operating income62,162M565.76M
Income before tax85,199M775.43M
Net income58,748M534.68M
EBITDA107,722M980.42M
Diluted EPS407.863.71
Dividends Per Share650.59
Total Assets984,988M8,553.58M
Total liabilities452,030M3,925.40M
Total equity525,312M4,561.78M
Operating cash flow68,303M621.65M
Currency in JPYCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 646,272M 650,239M 650,462M 551,090M 670,809M
Gross Profit 213,038M 215,742M 209,139M 175,448M 223,631M
Operating income 58,265M 59,257M 50,130M 35,875M 62,162M
Income before tax 54,891M 49,941M 57,764M 33,492M 85,199M
Net income 39,975M 35,623M 41,970M 25,944M 58,748M
EBITDA 92,894M 96,050M 92,512M 80,342M 107,722M
Diluted EPS 249.31 222.12 261.61 163.92 407.86
Dividends Per Share 62 62 64 64 65
Total Assets 920,776M 855,812M 907,560M 860,372M 984,988M
Total liabilities 533,023M 473,413M 479,883M 437,510M 452,030M
Total equity 379,778M 374,027M 418,893M 415,548M 525,312M
Operating cash flow 60,466M 82,821M 75,374M 78,294M 68,303M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 5,763.40M 5,887.56M 5,966.94M 5,161.54M 6,105.29M
Gross Profit 1,899.85M 1,953.42M 1,918.51M 1,643.25M 2,035.35M
Operating income 519.60M 536.54M 459.86M 336.00M 565.76M
Income before tax 489.51M 452.18M 529.89M 313.68M 775.43M
Net income 356.49M 322.54M 385.00M 242.99M 534.68M
EBITDA 828.42M 869.68M 848.64M 752.48M 980.42M
Diluted EPS 2.22 2.01 2.39 1.53 3.71
Dividends Per Share 0.55 0.56 0.58 0.59 0.59
Total Assets 8,173.77M 7,800.31M 8,351.13M 8,333.30M 8,553.58M
Total liabilities 4,731.67M 4,314.93M 4,415.76M 4,237.59M 3,925.40M
Total equity 3,371.30M 3,409.07M 3,854.54M 4,024.87M 4,561.78M
Operating cash flow 539.23M 749.89M 691.43M 733.30M 621.65M

Valuation Measures

Dec 2021
PER4.51
ROA6.36%
ROE12.48%
Operating margin9.26%
Profit margin8.75%

Key executives

  • President & Representative Director: Masataka Yamaishi
  • Director, Managing Executive Officer, GM-R&D: Masaki Noro
  • Director & Executive Officer: Yasuo Nakayama
  • Director, Executive Officer & GM-Tire Production: Toru Nakamura
  • Executive Officer & GM-Direct Tire Sales: Satoshi Fujitsu

Shareholders

  • ZEON Corp. (9.5%)
  • Asahi Mutual Life Insurance Co. (6.4%)
  • Nomura Asset Management Co., Ltd. (5.8%)
  • The Yokohama Rubber Co., Ltd. (5.2%)
  • Mizuho Financial Group, Inc. (3.6%)
  • Nikko Asset Management Co., Ltd. (2.7%)
  • Daiwa Asset Management Co. Ltd. (2.4%)
  • Asset Management One Co., Ltd. (2.2%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (2.1%)
  • 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 Peer Support KK
  • Yokohama Business Association KK
  • Yokohama Rubber Co-op
  • Yokohama Rubber Health Insurance Society
  • Yokohama Rubber Business Association
  • Yokohama Tire Construction Machinery Tire Service Co., Ltd.
  • Yokohama Industries Americas Ohio, Inc.
  • Yokohama Tire Sales (Thailand) Co., Ltd.
  • Yokohama Industrial Products Japan Co., Ltd.
  • Yokohama Rubber Marine & Aerospace Co., Ltd.
  • Yokohama Industries Americas Mexico S de RL de CV
  • ATC Tires AP Pvt Ltd.
  • Yokohama Industrial Products-Hangzhou Co., Ltd.
  • 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 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

Competitors

  • Goodyear Tire & Rubber Company
  • Nizhnekamskshina PJSC
  • Titan International, Inc.
  • Trelleborg AB Class B
  • Fusheng Precision Co. Ltd.
  • Dynamic Design Co., LTD.
Last Updated on 18 May, 2022

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