The Yokohama Rubber Company, Limited Announces Year End Dividend for the Year Ended December 31, 2023, Payable on March 29, 2024; Provides Dividend Guidance for the End of Second Quarter and Full Year Ending December 31, 2024
February 15, 2024
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The Yokohama Rubber Company, Limited announced year end dividend of JPY 50.00 per share for the year ended December 31, 2023 compared to JPY 33.00 per share a year ago. Scheduled date to commence dividend payments: March 29, 2024.
The company provided dividend guidance for the end of second quarter and full year ending December 31, 2024. For the end of second quarter, the company expects to pay dividend of JPY 42.00 per share compared to JPY 34.00 per share a year ago.
For the full year ending December 31, 2024, the company expects to pay dividend of JPY 51.00 per share compared to JPY 50.00 per share a year ago.
The Yokohama Rubber Company, Limited is one of the world's leaders in manufacturing and marketing tires. Net sales break down by activity as follows:
- production of tires (81.3%): for private vehicles, buses, heavy trucks, mining and civil engineering engines, etc.;
- manufacturing of polymer and rubber products (17.3%): high pressure pipes, conveyor belts, seismic products, marine hoses, aircraft products, golf products, etc.;
- other (1.3%).
Net sales break down geographically as follows: Japan (42.2%), Asia (14.6%), North America (26.6%) and other (16.6%).
The Yokohama Rubber Company, Limited Announces Year End Dividend for the Year Ended December 31, 2023, Payable on March 29, 2024; Provides Dividend Guidance for the End of Second Quarter and Full Year Ending December 31, 2024
THE YOKOHAMA RUBBER CO., LTD. 
