Yokohama Rubber recently announced its financial report for the first quarter of 2013. Due to the declining sales of tires in the Japanese domestic market and major overseas markets, the company’s operating income and net profit fell in the first quarter.

In the first quarter of 2013, Yokohama's rubber operating revenue fell 5.6% year-on-year, from 133.3 billion yen (about 1.33 billion U.S. dollars) in the same period last year to 127.7 billion yen (about 1.25 billion U.S. dollars), including tire sales. The year-on-year decline was 6.6% to 100.1 billion yen (about 980 million U.S. dollars); industrial product sales fell 2.7% year-on-year to 22.1 billion yen (about 220 million U.S. dollars).

In each region, Yokohama Rubber's operating income in the Japanese domestic market was 77.3 billion yen (about 760 million U.S. dollars) in the first quarter, down 10.6% year-on-year; operating income in the North American market was 28.6 billion yen (about 280 million U.S. dollars). ), basically the same as the same period of last year; operating income in the Asian market reached 9.7 billion yen (about 95 million US dollars), an increase of 7.7% year-on-year; operating income in other parts of the world totaled 12 billion yen (about 120 million US dollars) ), an increase of 7.2% year-on-year.

Yokohama Rubber reported a first-quarter operating profit of 7.58 billion yen (approximately US$74 million), down 18.1% from 9.26 billion yen (approximately US$91 million) in the same period of last year; net profit plummeted 35.7% year-on-year, from the same period last year The 8.78 billion yen (about US$86 million) fell to 5.64 billion yen (about US$55 million).

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