Yokohama Rubber : Supplementary Informatio

November 10, 2022 at 11:42 pm EST

Supplementary Information of 2022 Q3

The Yokohama Rubber Co., Ltd.

November 11, 2022

	Year-on-Year Tire Sales Growth (％)	2021	2022 1Q	2022 2Q	2022 3Q	2022
			Actual	Actual	Actual	Actual	Projection
	Japan	OE	93%	88%	80%	120%	100%
	REP	105%	124%	106%	124%	107%

	North America	116%	106%	99%	108%	104%
	Europe		122%	120%	110%	109%	104%
	Russia		110%	97%	31%	54%	58%
	China		106%	105%	94%	123%	110%
	Asia		130%	107%	137%	126%	119%
	Other		127%	87%	106%	115%	97%
	Total		110%	107%	99%	116%	105%

	Annual Tire Sales Composition Ratio (％)	2021	2022 1Q	2022 2Q	2022 3Q	2022
			Actual	Actual	Actual	Actual	Projection
	Japan	OE	12%	12%	11%	12%	12%
	REP	26%	26%	25%	23%	26%

	North America	20%	20%	21%	21%	20%
	Europe		7%	6%	7%	7%	7%
	Russia		4%	3%	1%	2%	2%
	China		17%	17%	16%	17%	17%
	Asia		10%	11%	13%	12%	11%
	Other		5%	4%	6%	5%	5%
	Total		100%	100%	100%	100%	100%

	Tire Production Rubber Amount (1,000t)	2021	2022 1Q	2022 2Q	2022 3Q	2022
			Actual	Actual	Actual	Actual	Projection
	Japan		147	37	39	38	153
	Overseas		177	48	44	47	184
	Total		325	84	83	85	337
(1)Quarter of the year

			Unit	2021								2022
					1H	YoY			FY	YoY			1H	YoY		1-3Q	YoY
Profit and Loss		1Q	2Q	Actual	Change	3Ｑ	4Ｑ	Actual	Change	1Q	2Q	Actual	Change	3Ｑ	Actual	Change
	Sales revenue	Billion	144.6	159.3	303.9	+65.9	156.6	210.4	670.8	+119.7	185.6	205.9	391.5	+87.6	224.3	615.8	+155.3
	Business profit	Billion	14.0	12.3	26.3	+24.3	10.8	25.0	62.2	+26.3	13.7	14.1	27.7	+1.4	18.4	46.1	+9.0
	Business	profit margin	％	9.7%	7.7%	8.7%	+7.8%	6.9%	11.9%	9.3%	+2.8%	7.4%	6.8%	7.1%	-1.6%	8.2%	7.5%	-0.6%
	Operating profit	Billion	36.3	12.3	48.6	+45.6	10.7	24.3	83.6	+47.6	13.5	13.4	26.9	-21.7	18.4	45.3	-14.0
	Profit attributable to owners of parent	Billion	27.8	9.1	36.9	+35.7	6.5	22.0	65.5	+39.2	10.2	13.2	23.3	-13.6	10.0	33.3	-10.2

Factor Analysis of Business Profit (YoY)
	Exchange rate difference	Billion	+0.5	+1.4	+1.9		+0.8	+1.6	+4.4		+1.3	+4.1	+5.4		+4.3	+9.6
	Raw material prices	Billion	+2.2	-2.4	-0.2		-6.6	-9.3	-16.1		-9.1	-8.2	-17.3		-9.3	-26.7
	Volume, Prices/ MIX, Special factor	Billion	+4.1	+2.9	+7.0		+9.6	+7.8	+24.4		+9.2	+4.7	+13.9		+14.1	+28.0
	Production costs	Billion	+0.9	+6.5	+7.4		-0.2	-0.7	+6.5		-0.4	+0	-0.4		-1.0	-1.4
	Fixed cost	Billion	+2.1	-0	+2.1		-0.2	-2.3	-0.5		-1.6	-2.0	-3.6		-2.0	-5.6
	YOHT		Billion									+1.9	+3.1	+4.9		+1.6	+6.5
	MB, ATG, Others	Billion	+2.7	+3.3	+6.0		+0.6	+1.0	+7.6		-1.6	+0.1	-1.6		-0	-1.6
	Total		Billion	+12.5	+11.8	+24.3		+3.9	-1.9	+26.3		-0.3	+1.8	+1.4		+7.6	+9.0

Business Segment
	Tire	Sales revenue	Billion	101.4	109.6	211.0	+44.4	106.3	152.8	470.2	+71.0	126.5	135.6	262.1	+51.1	157.2	419.3	+101.9
		Business profit	Billion	9.2	7.0	16.3	+18.3	5.8	20.5	42.7	+18.7	8.6	5.7	14.3	-1.9	11.8	26.1	+4.1
		Business profit margin	％	9.1%	6.4%	7.7%	+8.9%	5.5%	13.4%	9.1%	+3.1%	6.8%	4.2%	5.5%	-2.2%	7.5%	6.2%	-0.7%
	YOHT	Sales revenue	Billion	22.5	25.7	48.2	+18.2	28.5	30.6	107.3	+42.2	36.4	42.8	79.1	+30.9	41.0	120.1	+43.4
		Business profit	Billion	3.5	3.6	7.1	+3.9	4.1	3.5	14.7	+5.9	5.4	6.7	12.1	+4.9	5.7	17.7	+6.5
		Business profit margin	％	15.5%	14.1%	14.8%	+4.0%	14.3%	11.5%	13.7%	+0.2%	14.8%	15.6%	15.2%	+0.5%	13.9%	14.8%	+0.2%
	Tire	Sales revenue	Billion	124.0	135.3	259.2		134.8				162.9	178.3	341.2	+82.0	198.2	539.4	+145.3
	total	Business profit	Billion	12.7	10.6	23.4		9.9				14.0	12.4	26.4	+3.0	17.5	43.8	+10.5
		Business profit margin	％	10.3%	7.8%	9.0%		7.3%				8.6%	6.9%	7.7%	-1.3%	8.8%	8.1%	-0.3%
	MB	Sales revenue	Billion	18.7	21.5	40.2	+1.8	19.5	24.7	84.4	+5.4	20.5	24.7	45.1	+4.9	23.4	68.6	+8.9
		Business profit	Billion	1.0	1.1	2.1	+0.9	0.5	1.1	3.8	+0.9	-0.2	+1.2	+1.0	-1.1	0.7	1.7	-0.9
		Business profit margin	％	5.4%	5.1%	5.2%	+2.2%	2.8%	4.6%	4.5%	+0.8%	-1.2%	5.0%	2.2%	-3.0%	3.1%	2.5%	-1.9%

Geographical Segment (by Customer Location)
	Tire	Japan	Billion	40.6	39.0	79.6	+7.2	34.0	68.7	182.3	+7.4	46.0	38.9	84.9	+5.3	42.9	127.8	+14.2
		North America	Billion	26.3	32.2	58.5	+12.8	34.0	36.7	129.3	+23.6	37.5	46.9	84.5	+25.9	56.4	140.9	+48.3
		Asia	Billion	18.9	19.3	38.2	+14.7	19.1	24.8	82.0	+20.3	24.2	27.7	51.9	+13.8	31.1	83.0	+25.8
		Other regions	Billion	15.7	19.0	34.7	+9.8	19.3	22.6	76.6	+19.8	18.7	22.1	40.8	+6.1	26.8	67.6	+13.6
	YOHT	Japan	Billion	0	0	0.1	-0	0	0	0.1	+0	0	0.1	0.1	+0	0	0.1	+0
		North America	Billion	11.3	13.5	24.8	+11.5	14.1	15.2	54.1	+25.7	19.2	23.0	42.3	+17.5	22.5	64.7	+25.8
		Asia	Billion	1.5	1.6	3.1	+1.3	1.1	1.4	5.7	+1.2	1.2	1.4	2.6	-0.6	1.5	4.1	-0.2
		Other regions	Billion	9.7	10.5	20.2	+5.4	13.2	13.9	47.3	+15.2	15.9	18.4	34.2	+13.9	17.0	51.2	+17.8
	Tire	Japan	Billion	40.6	39.1	79.7						46.1	38.9	85.0	+5.3	42.9	127.9	+48.2
	total	North America	Billion	37.6	45.7	83.3						56.8	69.9	126.7	+43.4	78.9	205.6	+122.3
		Asia	Billion	20.4	20.9	41.3						25.4	29.1	54.5	+13.2	32.5	87.1	+45.8
		Other regions	Billion	25.4	29.6	54.9						34.6	40.4	75.0	+20.0	43.8	118.8	+63.9
	MB	Japan	Billion	10.3	12.8	23.1	-0.1	11.0	14.5	48.7	+2.7	11.7	13.0	24.7	+1.6	11.8	36.6	+2.4
		North America	Billion	4.0	3.8	7.8	+1.2	4.2	4.3	16.3	+1.1	4.6	6.1	10.7	+2.9	6.5	17.1	+5.1
		Asia	Billion	3.6	3.7	7.3	+2.0	3.3	4.1	14.7	+2.5	3.1	4.5	7.6	+0.3	3.7	11.3	+0.7
		Other regions	Billion	0.9	1.1	2.0	-1.4	1.0	1.9	4.8	-0.9	1.1	1.0	2.2	+0.2	1.4	3.6	+0.6
	Other	Japan	Billion	1.5	1.8	3.4	+1.0	1.6	1.6	6.6	+0.4	1.7	1.8	3.4	+0.1	1.8	5.3	+0.3
		North America	Billion	0	0.1	0.1	+0.1	0.1	0.1	0.3	+0.1	0	0.2	0.2	+0.1	0.1	0.2	+0
		Asia	Billion	0.3	0.6	0.9	+0.4	0.6	0.5	2.0	+0.6	0.5	1.0	1.5	+0.6	0.8	2.3	+0.8
		Other regions	Billion	－	－	－	－	－	－	－	－	－	－	－	－	－	－	－

Geographical Segment
	Japan		Billion	59.8	63.4	123.3		54.9	95.9	274.1		66.8	67.7	134.5		69.2	203.8
	North America	Billion	31.9	37.8	69.8		40.3	43.4	153.5		43.9	54.1	97.9		64.3	162.3
	Asia		Billion	23.0	23.6	46.5		23.0	29.0	98.5		28.8	31.9	60.7		36.0	96.8
	Other regions	Billion	29.9	34.4	64.3		38.4	42.0	144.7		46.1	52.2	98.3		54.7	153.0

Capital expenditures	Billion			17.5				38.8		12.9	14.1	27.0		15.0	41.9
Depreciation & Amortization	Billion			18.9				38.3		9.8	10.2	20.0		10.9	30.9
R&D expenses	Billion			7.6				15.3		3.8	4.2	8.0		3.7	11.7

*The figures presented here are net of expenditures for and amortization of lease assets as of 2019.

*Forecasts shown above are based on currently available information. Actual results may differ due to various factors in the future.

（2）Full year

			Unit	2019		2020		2021		2022


Profit and Loss		Actual	YoY	Actual	YoY	Actual	YoY	FY	YoY
	Change	Change	Change	Projection	Change

	Sales revenue	Billion	650.5	+0.2	551.1	-99.4	670.8	+119.7	855.0	+184.2
	Business profit	Billion	50.1	-9.1	35.9	-14.3	62.2	+26.3	62.5	+0.3
	Business profit margin	％	7.7%	-1.4%	6.5%	-1.2%	9.3%	+2.8%	7.3%	-2.0%
	Operating profit	Billion	58.6	+5.1	36.0	-22.6	83.6	+47.6	60.5	-23.1
	Profit attributable to owners of parent	Billion	42.0	+6.3	26.3	-15.7	65.5	+39.2	42.0	-23.5

Factor Analysis of Business Profit (YoY)
	Exchange rate difference	Billion	-2.6		-0.8		+4.4		+9.9
	Raw material prices	Billion	+3.1		+12.4		-16.1		-35.8
	Volume, Prices/ MIX, Special factor	Billion	-7.0		-18.6		+24.4		+32.4
	Production costs	Billion	-3.1		-8.1		+6.5		-3.0
	Fixed cost		Billion	-1.9		+8.1		-0.5		-8.0
	YOHT		Billion							+5.5
	MB, ATG, Others	Billion	+2.4		-7.4		+7.6		-0.6

	Total		Billion	-9.1		-14.3		+26.3		+0.3

Business Segment
	Tire	Sales revenue	Billion	451.7	-3.1	399.2	-52.5	470.2	+71.0	587.0	+116.8
		Business profit	Billion	30.8	-11.5	24.0	-6.8	42.7	+18.7	38.0	-4.7
		Business profit margin	％	6.8%	-2.5%	6.0%	-0.8%	9.1%	+3.1%	6.5%	-2.6%
	YOHT	Sales revenue	Billion	70.8	+2.1	65.1	-5.7	107.3	+42.2	161.0	+53.7
		Business profit	Billion	10.4	+1.9	8.8	-1.6	14.7	+5.9	20.2	+5.5
		Business profit margin	％	14.7%	+2.4%	13.5%	-1.2%	13.7%	+0.2%	12.5%	-1.2%
	Tire	Sales revenue	Billion							748.0
	total	Business profit	Billion							58.2
		Business profit margin	％							7.8%
	MB	Sales revenue	Billion	119.3	+1.6	79.0	-40.3	84.4	+5.4	97.0	+12.6
		Business profit	Billion	8.3	+0.9	2.9	-5.4	3.8	+0.9	5.4	+1.6
		Business profit margin	％	7.0%	+0.7%	3.7%	-3.3%	4.5%	+0.8%	5.6%	+1.1%

Geographical Segment (by Customer Location)
	Tire	Japan	Billion	190.9	-3.9	174.9	-16.0	182.3	+7.4
		North America	Billion	121.4	-0.1	105.7	-15.7	129.3	+23.6
		Asia	Billion	69.9	+0.4	61.8	-8.1	82.0	+20.3
		Other regions	Billion	69.6	+0.4	56.8	-12.8	76.6	+19.8
	YOHT	Japan	Billion	0.5	+0.3	0.1	-0.4	0.1	+0
		North America	Billion	30.6	-1.7	28.4	-2.2	54.1	+25.7
		Asia	Billion	4.3	+0.6	4.5	+0.2	5.7	+1.2
		Other regions	Billion	35.4	+2.9	32.1	-3.3	47.3	+15.2
	MB	Japan	Billion	71.5	+0.9	45.9	-25.5	48.7	+2.7
		North America	Billion	22.8	+2.7	15.2	-7.6	16.3	+1.1
		Asia	Billion	16.9	-1.7	12.2	-4.8	14.7	+2.5
		Other regions	Billion	8.2	-0.4	5.7	-2.5	4.8	-0.9
	Other	Japan	Billion	7.4	-0.2	6.2	-1.1	6.6	+0.4
		North America	Billion	0.1	+0	0.1	+0.1	0.3	+0.1
		Asia	Billion	1.2	-0.2	1.4	+0.2	2.0	+0.6
		Other regions	Billion	－	－	－	－	－	－

Capital expenditures	Billion	51.3		28.4		38.8		57.6
Depreciation & Amortization	Billion	36.0		37.5		38.3		40.7
R&D expenses	Billion	15.0		14.1		12.0

*The figures presented here are net of expenditures for and amortization of lease assets as of 2019.

*FY2020 results do not include the Hamatite business, which has been reclassified as a "discontinued operation". *From fiscal 2022, the results of ATG are included in the tire business. ATG's results are shown for reference.

*Forecasts shown above are based on currently available information. Actual results may differ due to various factors in the future.

Attachments

Original Link
Original Document
Permalink

Disclaimer

YRC - Yokohama Rubber Co. Ltd. published this content on 11 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2022 04:41:05 UTC.

	1st Jan change	Capi.
THE YOKOHAMA RUBBER CO., LTD.	+26.42%	4.21B
BRIDGESTONE CORPORATION	+17.88%	30.23B
MICHELIN (CGDE)	+14.36%	28.58B
SAILUN GROUP CO., LTD.	+45.19%	7.45B
THE GOODYEAR TIRE & RUBBER COMPANY	-9.50%	3.69B
DÄTWYLER HOLDING AG	-1.54%	3.6B
VIETNAM RUBBER INDUSTRY GROUP -	+49.29%	3.45B
SUMITOMO RUBBER INDUSTRIES, LTD.	+24.02%	3.21B
TOYO TIRE CORPORATION	+23.81%	2.89B
KUMHO PETRO CHEMICAL CO.,LTD	+4.97%	2.43B

1st Jan change

Capi.

THE YOKOHAMA RUBBER CO., LTD.

+26.42%

4.21B

BRIDGESTONE CORPORATION

+17.88%

30.23B

MICHELIN (CGDE)

+14.36%

28.58B

SAILUN GROUP CO., LTD.

+45.19%

7.45B

THE GOODYEAR TIRE & RUBBER COMPANY

-9.50%

3.69B

DÄTWYLER HOLDING AG

-1.54%

3.6B

VIETNAM RUBBER INDUSTRY GROUP -

+49.29%

3.45B

SUMITOMO RUBBER INDUSTRIES, LTD.

+24.02%

3.21B

TOYO TIRE CORPORATION

+23.81%

2.89B

KUMHO PETRO CHEMICAL CO.,LTD

+4.97%

2.43B

Market Closed - Japan Exchange Other stock markets 02:00:00 2024-05-10 am EDT			5-day change	1st Jan Change
4,087 ^JPY	+0.96%		+0.71%	+26.42%

Feb. 20	The Yokohama Rubber's Attributable Profit up 46.4% in 2023	MT
Feb. 16	The Yokohama Rubber Company, Limited Provides Consolidated Earnings Guidance for the First Half Months and Full Year Ending December 31, 2024	CI

The Yokohama Rubber's Attributable Profit up 46.4% in 2023	Feb. 20	MT
The Yokohama Rubber Company, Limited Provides Consolidated Earnings Guidance for the First Half Months and Full Year Ending December 31, 2024	Feb. 15	CI
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	Feb. 15	CI
The Yokohama Rubber’s EPS Climbs to 277.39 Yen as Net Sales Rise 12.5% to 692.5 Billion Yen in Nine Months; Revises Full-Year Earnings Forecasts Upwards	Nov. 14	MT
The Yokohama Rubber Company Limited Provides Dividend Guidance for the Fiscal Year Ending December 31, 2023	Nov. 13	CI
The Yokohama Rubber Co., Ltd. Provides Revenue Guidance for the Full Fiscal Year of December 31, 2023	Nov. 13	CI
Pending US Inflation Report Blunts Asian Stock Markets	23-09-13	MT
Japanese Shares Pare Gains on Wednesday; Shares of Nexon Drop 4%	23-09-13	MT
Japan's Nikkei ends lower ahead of BOJ meeting, auto-related shares drag	23-07-26	RE
The Yokohama Rubber Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2023	23-05-12	CI
The Yokohama Rubber Co., Ltd. completed the acquisition of Trelleborg Wheel Systems Holding AB from Trelleborg AB (OM:TREL B).	23-05-01	CI
Earnings Season, Forex Outlooks Lift Asian Stock Markets	23-04-17	MT
UK's Competition Watchdog Decides Against In-depth Probe of Trelleborg's Wheel Systems Unit Sale	23-03-28	MT
Trelleborg Wins EU Nod to Divest Wheel Systems Business	23-03-27	MT
Lack of Catalysts, Tech Blues Roil Asian Markets	23-02-21	MT
Japan shares close lower as factory activity shrinks	23-02-21	RE
Japan stocks edge higher as investors eye BOJ, Fed paths	23-02-20	RE
Japan's Nikkei treads water as investors mull BOJ, Fed paths	23-02-19	RE
Japan's Topix hits 2-1/2-month high, softer yen boosts auto stocks	23-02-15	RE
British Competition Watchdog to Probe Trelleborg Wheel Systems-Yokohama Rubber Deal	23-01-31	MT
Cues From Wall Street Elevate Tokyo Stock Market	22-12-13	MT
China Pandemic, Stronger Yen, Tech Issues Sap Tokyo Stock Market	22-11-28	MT
Japanese shares fall on sell-off after disappointing forecasts by heavyweights	22-11-10	RE
Japanese shares fall as Honda Motor, others drag on disappointing outlook	22-11-09	RE
Nikkei 225 Down 0.6% on Tech Slump	22-08-10	MT

The Yokohama Rubber Co., Ltd.

Equities

5101

JP3955800002

Tires & Rubber Products

Yokohama Rubber : Supplementary Informatio

Latest news about The Yokohama Rubber Co., Ltd.

Chart The Yokohama Rubber Co., Ltd.

Company Profile

Income Statement Evolution

Ratings for The Yokohama Rubber Co., Ltd.

Analysts' Consensus

EPS Revisions

Quarterly earnings - Rate of surprise

Sector Other Tires & Rubber Products