The Yokohama Rubber Company,Limited, January-September (Third Quarter Cumulative) Net Income Increases by 36%

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Thu Nov 14, 2024 2:00 pm JST Earnings

5101 The Yokohama Rubber Company,Limited 【IFRS】

Earnings Report

The Yokohama Rubber Company,Limited <5101> [TSE-P] announced its financial results (based on IFRS) in the afternoon session on November 14th (14:00). The consolidated net income for the cumulative third quarter of the fiscal year ending December 2024 (January to September) expanded to 60.8 billion yen, an increase of 36.5% compared to the same period last year. The progress rate against the 78.5 billion yen full-year plan was 77.5%, also surpassing the five-year average of 57.8%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to December period (4Q) is expected to decrease by 22.0% from the same period last year to 17.6 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated net income decreased to 14.2 billion yen, a 15.6% decrease compared to the same period last year. However, the operating profit margin improved from 9.7% in the same period last year to 11.5%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	615,764	45,327	51,526	33,284	207.6	71.9	Nov 11, 2022	IFRS
Jan - Sep, 2023	692,505	52,366	60,128	44,583	278.1	56.7	Nov 10, 2023	IFRS
Jan - Sep, 2024	782,906	85,772	79,553	60,841	379.4	ー	Nov 14, 2024	IFRS
YoY	+13.1%	+63.8%	+32.3%	+36.5%	+36.5%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	542,169	72,169	68,908	39,556	246.7	50	Feb 16, 2024	IFRS
Jul - Dec, 2024 Guidance	579,717	59,746	ー	31,921	200.2	52	Aug 9, 2024	IFRS
YoY	+6.9%	-17.2%	－	-19.3%	-18.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	860,477	68,851	71,622	45,918	286.4	66	Feb 17, 2023	IFRS
Dec, 2023	985,333	100,351	105,975	67,234	419.3	84	Feb 16, 2024	IFRS
Dec, 2024 Guidance	1,105,000	116,000	ー	78,500	492.2	98	Aug 9, 2024	IFRS
YoY	+12.1%	+15.6%	－	+16.8%	+17.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	249,341	24,184	23,061	16,905	105.4	9.7	Nov 10, 2023	IFRS
Oct - Dec, 2023	292,828	47,985	45,847	22,651	141.3	16.4	Feb 16, 2024	IFRS
Jan - Mar, 2024	252,419	26,753	28,017	19,796	123.5	10.6	May 14, 2024	IFRS
Apr - Jun, 2024	272,864	29,501	35,104	26,783	167.0	10.8	Aug 9, 2024	IFRS
Jul - Sep, 2024	257,623	29,518	16,432	14,262	88.9	11.5	Nov 14, 2024	IFRS
YoY	+3.3%	+22.1%	-28.7%	-15.6%	-15.6%