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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 2018 JPYUSD
Revenue650,239M5,887.56M
Gross Profit215,742M1,953.42M
Operating income59,257M536.54M
Income before tax49,941M452.18M
Net income35,623M322.54M
EBITDA96,050M869.68M
Diluted EPS222.122.01
Dividends Per Share620.56
Total Assets855,812M7,800.31M
Total liabilities473,413M4,314.93M
Total equity374,027M3,409.07M
Operating cash flow82,821M749.89M
Currency in JPYCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 625,245M 629,856M 574,048M 646,272M 650,239M
Gross Profit 214,234M 221,729M 190,687M 213,038M 215,742M
Operating income 59,066M 54,536M 45,775M 58,265M 59,257M
Income before tax 62,594M 54,254M 24,076M 54,891M 49,941M
Net income 40,502M 36,307M 9,363M 39,975M 35,623M
EBITDA 86,505M 85,896M 78,935M 92,894M 96,050M
Diluted EPS 250.66 226.07 58.39 249.31 222.12
Dividends Per Share 52 52 52 62 62
Total Assets 734,511M 710,716M 888,949M 920,776M 855,812M
Total liabilities 403,729M 366,028M 544,211M 533,023M 473,413M
Total equity 323,557M 338,979M 338,472M 379,778M 374,027M
Operating cash flow 58,993M 57,544M 77,724M 60,466M 82,821M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 5,906.89M 5,202.63M 5,283.02M 5,763.40M 5,887.56M
Gross Profit 2,023.93M 1,831.48M 1,754.91M 1,899.85M 1,953.42M
Operating income 558.01M 450.46M 421.27M 519.60M 536.54M
Income before tax 591.34M 448.14M 221.57M 489.51M 452.18M
Net income 382.63M 299.89M 86.16M 356.49M 322.54M
EBITDA 817.24M 709.50M 726.44M 828.42M 869.68M
Diluted EPS 2.36 1.86 0.53 2.22 2.01
Dividends Per Share 0.49 0.42 0.47 0.55 0.56
Total Assets 6,126.28M 5,908.10M 7,621.63M 8,173.77M 7,800.31M
Total liabilities 3,367.35M 3,042.75M 4,665.93M 4,731.67M 4,314.93M
Total equity 2,698.66M 2,817.89M 2,901.97M 3,371.30M 3,409.07M
Operating cash flow 557.32M 475.31M 715.30M 539.23M 749.89M

Valuation Measures

Dec 2018
PER9.29
ROA4.01%
ROE9.45%
Operating margin9.11%
Profit margin5.47%

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-IT Planning & CSR: Shigetoshi Kondo
  • Director, Manager-Administration & Legal: Gota Matsuo

Shareholders

  • ZEON Corp. (9.5%)
  • Asahi Mutual Life Insurance Co. (6.4%)
  • Nomura Asset Management Co., Ltd. (5.6%)
  • The Yokohama Rubber Co., Ltd. (5.3%)
  • Mizuho Financial Group, Inc. (3.6%)
  • Asset Management One Co., Ltd. (3.1%)
  • Nikko Asset Management Co., Ltd. (2.5%)
  • Daiwa Asset Management Co. Ltd. (2.1%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (2.0%)
  • The Vanguard Group, Inc. (1.6%)

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 S.R.L.
  • 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

  • Bridgestone Corporation
  • Trelleborg AB Class B
  • Titan International, Inc.
  • Cooper Tire & Rubber Company
  • Goodyear Tire & Rubber Company
  • Gentex Corporation
Last Updated on 11 Oct, 2019

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