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Financial results presentation5101The Yokohama Rubber Company,LimitedAutomobiles and transportation equipment

Results Briefing Materials for the First Quarter of the Fiscal Year Ending December 2026

For January–March 2026, revenue and business profit were significantly higher year on year, reflecting improvements in foreign exchange, raw material prices and sales volumes. The full-year forecasts for operating profit and net income were raised from ¥173.0 billion to ¥191.5 billion and from ¥90.0 billion to ¥109.0 billion, respectively, while the revenue and business profit forecasts were unchanged.

Worth reading
91Important
Scored from 3 of 6 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
204
Hundreds of millions of yen
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial results presentationFirst quarter of the fiscal year ending December 20266 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales3,038 Hundreds of millions of yen+10.4%
Operating profit260 Hundreds of millions of yen+34.5%
Net income147 Hundreds of millions of yen+72.6%
Operating profit margin8.6 %
Results for the three months of the current quarter
Revenue
3,038 Hundreds of millions of yen
Operating profit
260 Hundreds of millions of yen
Profit for the period
147 Hundreds of millions of yen
Full-year earnings forecast
Revenue
13,000 Hundreds of millions of yen
Business profit before PPA amortization
2,014 Hundreds of millions of yen
Business profit
1,880 Hundreds of millions of yen
Operating profit
1,915 Hundreds of millions of yen
Profit for the period
1,090 Hundreds of millions of yen
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Foreign exchange effects
24 Hundreds of millions of yen
Raw Material Prices
37 Hundreds of millions of yen
Sales volume
29 Hundreds of millions of yen
Distribution costs and other expenses
-3 Hundreds of millions of yen
Manufacturing Costs
2 Hundreds of millions of yen
Pricing/MIX
-24 Hundreds of millions of yen
Fixed Costs
-9 Hundreds of millions of yen
G-OTR
23 Hundreds of millions of yen
Ocean freight
3 Hundreds of millions of yen
Distribution costs
-3 Hundreds of millions of yen
Unrealized inventory profit
-20 Hundreds of millions of yen
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
First halfUSD/JPY 153, EUR/JPY 178, TSR20 194 cents, WTI $93
Full yearUSD/JPY 153, EUR/JPY 178, TSR20 182 cents, WTI $88
Key KPIsA metric the company considers important as a management benchmark.
  • Total tire unit sales, Japan104 %
    Year on year against the same period last year+104.0%
  • Total tire unit sales, North America83 %
    Year on year against the same period last year+83.0%
  • Total tire unit sales, Europe114 %
    Year on year against the same period last year+114.0%
  • Total tire unit sales, China95 %
    Year on year against the same period last year+95.0%
  • Total OHT sales volume, Americas117 %
    Year on year against the same period last year+117.0%
  • Total OHT sales volume, EMEA108 %
    Year on year against the same period last year+108.0%
  • Total OHT sales volume, APAC124 %
    Year on year against the same period last year+124.0%
  • ADVAN unit sales132 %
    Year on year against the same period last year+132.0%
  • GEOLANDAR unit sales98 %
    Year on year against the same period last year+98.0%
  • WINTER unit sales101 %
    Year on year against the same period last year+101.0%
  • Percentage of tires 18 inches and larger26 %
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Tire unit sales
Q1 2026 resultsYear-on-year growth rates by region and OE/REP are provided
OHT sales volume
Q1 2026 resultsYear-on-year growth rates by region and OE/REP are provided
Segment results
Total tires
Revenue
2,781 Hundreds of millions of yen+11.1%
Business profit
420 Hundreds of millions of yen+89.1%
Tires
Revenue
1,726 Hundreds of millions of yen+6.6%
Business profit
302 Hundreds of millions of yen+64.5%
OHT
Revenue
1,055 Hundreds of millions of yen+19.4%
Business profit
118 Hundreds of millions of yen+206.8%
MB
Revenue
240 Hundreds of millions of yen+4.2%
Business profit
22 Hundreds of millions of yen+21.2%
Other
Revenue
17 Hundreds of millions of yen-4.5%
Business profit
2 Hundreds of millions of yen
Financial targets
Equity ratio
51 %
Debt-to-equity ratio
0.58 times
Net debt-to-equity ratio
0.49 times
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredFirst quarter of the fiscal year ending December 2026
Net Sales3,038 Hundreds of millions of yen (YoY +10.4%)
Operating profit260 Hundreds of millions of yen (YoY +34.5%)
Net income147 Hundreds of millions of yen (YoY +72.6%)
Operating profit margin8.6 %
Results for the three months of the current quarterRevenue 3,038 Hundreds of millions of yen / Operating profit 260 Hundreds of millions of yen / Profit for the period 147 Hundreds of millions of yen
Full-year earnings forecastRevenue 13,000 Hundreds of millions of yen / Business profit before PPA amortization 2,014 Hundreds of millions of yen / Business profit 1,880 Hundreds of millions of yen / Operating profit 1,915 Hundreds of millions of yen / Profit for the period 1,090 Hundreds of millions of yen
Segment resultsTotal tires Revenue 2,781 Hundreds of millions of yen (YoY +11.1%) / Business profit 420 Hundreds of millions of yen (YoY +89.1%) / Tires Revenue 1,726 Hundreds of millions of yen (YoY +6.6%) / Business profit 302 Hundreds of millions of yen (YoY +64.5%) / OHT Revenue 1,055 Hundreds of millions of yen (YoY +19.4%) / Business profit 118 Hundreds of millions of yen (YoY +206.8%) / MB Revenue 240 Hundreds of millions of yen (YoY +4.2%) / Business profit 22 Hundreds of millions of yen (YoY +21.2%) / Other Revenue 17 Hundreds of millions of yen (YoY -4.5%) / Business profit 2 Hundreds of millions of yen
Breakdown of Factors Affecting the ChangeForeign exchange effects 24 Hundreds of millions of yen / Raw Material Prices 37 Hundreds of millions of yen / Sales volume 29 Hundreds of millions of yen / Distribution costs and other expenses -3 Hundreds of millions of yen / Manufacturing Costs 2 Hundreds of millions of yen / Pricing/MIX -24 Hundreds of millions of yen / Fixed Costs -9 Hundreds of millions of yen / G-OTR 23 Hundreds of millions of yen / Ocean freight 3 Hundreds of millions of yen / Distribution costs -3 Hundreds of millions of yen / Unrealized inventory profit -20 Hundreds of millions of yen
Key KPIsIndicator name Total tire unit sales, Japan / Value 104 % / Year on year against the same period last year 104 %, Indicator name Total tire unit sales, North America / Value 83 % / Year on year against the same period last year 83 %, Indicator name Total tire unit sales, Europe / Value 114 % / Year on year against the same period last year 114 %, Indicator name Total tire unit sales, China / Value 95 % / Year on year against the same period last year 95 %, Indicator name Total OHT sales volume, Americas / Value 117 % / Year on year against the same period last year 117 %, Indicator name Total OHT sales volume, EMEA / Value 108 % / Year on year against the same period last year 108 %, Indicator name Total OHT sales volume, APAC / Value 124 % / Year on year against the same period last year 124 %, Indicator name ADVAN unit sales / Value 132 % / Year on year against the same period last year 132 %, Indicator name GEOLANDAR unit sales / Value 98 % / Year on year against the same period last year 98 %, Indicator name WINTER unit sales / Value 101 % / Year on year against the same period last year 101 %, Indicator name Percentage of tires 18 inches and larger / Value 26 % / Year on year against the same period last year Not disclosed
Unit price and quantity metricsTire unit sales Q1 2026 results Year-on-year growth rates by region and OE/REP are provided / OHT sales volume Q1 2026 results Year-on-year growth rates by region and OE/REP are provided
Assumptions Underlying the Business OutlookFirst half USD/JPY 153, EUR/JPY 178, TSR20 194 cents, WTI $93 / Full year USD/JPY 153, EUR/JPY 178, TSR20 182 cents, WTI $88
Financial targetsEquity ratio 51 % / Debt-to-equity ratio 0.58 times / Net debt-to-equity ratio 0.49 times
Items this document does not state (17)
Ordinary incomeGross Profit MarginSelling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&ANew initiatives

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Foreign exchange effects, raw material prices, sales volumes and G-OTR contributed to higher business profit. Pricing/MIX, fixed costs, unrealized inventory profit, distribution costs and other factors weighed on profit. For the upward revision to the full-year forecasts, the materials show increases from the previous forecasts in operating profit and net income, together with the assumed values for foreign exchange, TSR20 and WTI.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Results Briefing Materials for the First Quarter of the Fiscal Year Ending December 2026 | The Yokohama Rubber Company,Limited (5101) timely disclosure | Komori