Feb 27, 2017
In 2016, the profit of the company Yokohama Rubber has decreased by 48.3% - to USD 166 million. In turn, this is due to the reduction of the annual operating profit by 22.4% (to USD 374 million), With a decrease in net sales by 5.3% (to USD 5.2 billion), As well as unfavorable exchange rate of the yen.
Yokohama Tire Sales in the segment decreased by 10% to USD 3.9 billion. Operating income is decreased by 15.6% to USD 321 million.
In July 2016 Yokohama acquired Alliance Tire Group. Yokohama Rubber has included indicators of Alliance Tire Group in its consolidated results. ATG Sales amounted to approximately USD 225.5 million, but the production losses were recorded in the amount of approximately USD 18 million, reflecting the absorption and amortization expenses.