Yokohama Rubber, 9% Increase in Net Income, Update Record High for Third Consecutive Term, Dividend Raised by 4 yen

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Wed Feb 19, 2025 2:00 pm JST Earnings

5101 The Yokohama Rubber Company,Limited 【IFRS】

Earnings Report

The Yokohama Rubber Company,Limited <5101> [TSE Prime] announced its financial results (based on IFRS) in the afternoon session on February 19th (14:00). The consolidated net income for the fiscal year ending December 2024 increased 11.4% from the previous period to 74.9 billion yen. In the fiscal year ending December 2025, the profit is expected to grow by 8.8% to 81.5 billion yen, marking the third consecutive term of record-high profits. This will be the fifth consecutive term of revenue and the third consecutive term of profit growth.

At the same time, the company has decided to increase the dividend this fiscal year to 102 yen, an increase of 4 yen from the previous fiscal year.

In the most recent three-month period, from October to December (4Q), the consolidated net income dropped to 14 billion yen, a 37.8% decrease compared to the same period last year. The operating profit margin significantly dropped from 16.4% in the same period last year to 10.7%.

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Actual Results

Historical Performance

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	1,094,746	119,157	115,359	74,919	467.8	98	Feb 19, 2025	IFRS
YoY	+11.1%	+18.7%	+8.9%	+11.4%	+11.6%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Guidance	1,105,000	116,000	ー	78,500	492.2	98	Aug 9, 2024	IFRS
Dec, 2024 Results	1,094,746	119,157	115,359	74,919	467.8	98	Feb 19, 2025	IFRS
Revision Rate	-0.9%	+2.7%	－	-4.6%	-5.0%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan - Jun, 2024	525,283	56,254	63,121	46,579	290.5	46	Aug 9, 2024	IFRS
Jan - Jun, 2025 Guidance	575,000	38,500	ー	19,500	123.7	48	Feb 19, 2025	IFRS
YoY	+9.5%	-31.6%	－	-58.1%	-57.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2023	985,333	100,351	105,975	67,234	419.3	84	Feb 16, 2024	IFRS
Dec, 2024	1,094,746	119,157	115,359	74,919	467.8	98	Feb 19, 2025	IFRS
Dec, 2025 Guidance	1,220,000	132,000	ー	81,500	517.0	102	Feb 19, 2025	IFRS
YoY	+11.4%	+10.8%	－	+8.8%	+10.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
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
Oct - Dec, 2024	311,840	33,385	35,806	14,078	87.9	10.7	Feb 19, 2025	IFRS
YoY	+6.5%	-30.4%	-21.9%	-37.8%	-37.8%