Yokohama Rubber Co (JP:5101) has released an update.
Yokohama Rubber Co., Ltd. has announced an upward revision of its consolidated earnings forecast for the first half of the fiscal year ending December 2024, citing strong tire sales in Europe and Japan, efficient supply chain management, and favorable foreign exchange rates. The revised forecast now projects significant increases in business profit, operating profit, and profit attributable to owners, with a particularly notable 82.4% jump in the latter. The company is also reviewing its full-year earnings and dividend forecasts in light of these results.
For further insights into JP:5101 stock, check out TipRanks’ Stock Analysis page.
