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Financial results presentation5101The Yokohama Rubber Company,LimitedAutomobiles & Transportation Equipment

YX2026 Technology and Production Transformation Progress

For the cumulative first 3 quarters of FY2026, revenue and all profit measures reached record highs, with business profit rising 46.3% year on year to ¥147.4 billion. The full-year earnings and dividend forecasts remain unchanged from the plan announced in August, while efforts to transform technology and production are advancing through shorter development times, new plants, production-method reforms and cost reductions.

Worth reading
53Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
467
¥100 million (year-on-year increase in business profit)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial results presentationFY2026 third quarter (January–September)5 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥9,669 100 million+10.2%
Operating profit¥1,549 100 million+69.0%
Net income¥960 100 million+45.2%
Operating profit margin
Rate16
Year-on-year change (points)5.6
Results for the three months of the current quarter
North American replacement tire unit sales108% year on year (FY2026 third quarter, July–September)
Replacement tire market performance (USTMA)100% of the previous year
Full-year earnings forecast
Revenue
¥13,200 100 million
Business profit
¥1,925 100 million
Operating profit
¥1,995 100 million
Profit for the period
¥1,170 100 million
Dividend per share
223 Yen
Progress against full-year forecast　通期の予想に対して、いまどこまで進んだかの割合です。
Business profit77%
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progressing smoothly toward achieving the full-year plan
New initiatives
  • Use of AI through HAICoLab to shorten tire development time by 1.5 years per product
  • Start of mass production at the new plant in Hangzhou, China
  • Construction of the new plant in Mexico, with mass production scheduled to begin in the first quarter of 2027
  • Dedicated line for premium OE products scheduled to begin operations in 2027
  • Deployment of LCC production expertise across existing plants
  • Cost reductions through the adoption of new suppliers and fuel switching
Key KPIsA metric the company considers important as a management benchmark.
  • REP tire volume (excluding OHT)104% year on year
  • North America REP tire volume (third quarter)108% year on year
  • OHT agricultural tire OE volume110% year on year
  • OHT agricultural tire REP volume104% year on year
  • Tires fitted to new vehicles for Chinese OE manufacturersMore than 1.7 million above 2023
  • Premium-car new-vehicle fitment volume1.3x 2023
  • Number of new products and sizes developed1.2x 2023
Market Size / Share
North American replacement tire market (USTMA, Q3)100% of the previous year
North American account count1.2x 2023
Annual Dividend
Annual¥223 per share
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredFY2026 third quarter (January–September)
Net Sales¥9,669 100 million (YoY +10.2%)
Operating profit¥1,549 100 million (YoY +69.0%)
Net income¥960 100 million (YoY +45.2%)
Operating profit marginRate 16 / Year-on-year change (points) 5.6
Results for the three months of the current quarterNorth American replacement tire unit sales 108% year on year (FY2026 third quarter, July–September) / Replacement tire market performance (USTMA) 100% of the previous year
Full-year earnings forecastRevenue ¥13,200 100 million / Business profit ¥1,925 100 million / Operating profit ¥1,995 100 million / Profit for the period ¥1,170 100 million / Dividend per share 223 Yen
Progress against full-year forecastBusiness profit 77%
Self-assessment against the planProgressing smoothly toward achieving the full-year plan
Key KPIsIndicator name REP tire volume (excluding OHT) / Value 104% year on year, Indicator name North America REP tire volume (third quarter) / Value 108% year on year, Indicator name OHT agricultural tire OE volume / Value 110% year on year, Indicator name OHT agricultural tire REP volume / Value 104% year on year, Indicator name Tires fitted to new vehicles for Chinese OE manufacturers / Value More than 1.7 million above 2023, Indicator name Premium-car new-vehicle fitment volume / Value 1.3x 2023, Indicator name Number of new products and sizes developed / Value 1.2x 2023
Annual DividendAnnual ¥223 per share / Interim and Year-End Breakdown Not disclosed
Market Size / ShareNorth American replacement tire market (USTMA, Q3) 100% of the previous year / North American account count 1.2x 2023
New initiativesUse of AI through HAICoLab to shorten tire development time by 1.5 years per product, Start of mass production at the new plant in Hangzhou, China, Construction of the new plant in Mexico, with mass production scheduled to begin in the first quarter of 2027, Dedicated line for premium OE products scheduled to begin operations in 2027, Deployment of LCC production expertise across existing plants, Cost reductions through the adoption of new suppliers and fuel switching
Items this document does not state (17)
Ordinary incomeGross Profit MarginSelling, general and administrative expensesSegment resultsBreakdown of Factors Affecting the ChangeUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey points of the Q&A

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.

In tires, sales in Europe and India drove performance, while OE and REP volumes for OHT agricultural tires also exceeded the previous year. In North America, partnerships with major dealers, stronger promotions and the development of new accounts proved effective. The company is also advancing initiatives including the use of AI to accelerate development, stronger development of premium OE products, new plants, and reforms to production equipment and energy costs.

How to read this page

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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.
YX2026 Technology and Production Transformation Progress | The Yokohama Rubber Company,Limited (5101) timely disclosure | Komori