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Yokohama Rubber's Q1 2021 sales up 15.9% y/y to USD1.35 billion

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Financial results

Business profit in Yokohama’s Tires segment increased over the same period of the previous year

Yokohama Rubber has reported its business and financial results for the first quarter ended 31 March 2021. According to a company statement on 14 May, sales increased 15.9% y/y to JPY149.6 billion (USD1.35 billion), profit attributable to owners of parent climbed to JPY27.8 billion compared with a loss of JPY258 million in the corresponding quarter of last fiscal year, and operating profit totaled JPY36.7 billion.

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