Home
Market News
Breaking stock market headlines
Earnings Flash
Breaking coverage of earnings reports, forecasts & dividend updates
Trends
Market movers, trading patterns & key market indicators
Disclosures
Official filings & reports from listed Japanese companies
Explorer
Stock lists filtered by fundamental & technical metrics
Yokohama rubber rises for fourth straight day on unit's asset sale in Israel
Yokohama Rubber Company <5101> shares rose for a fourth consecutive session. The company announced at approximately 3:00 p.m. on April 16 that its Israel-based unit, Alliance Tire Company, will sell fixed assets including land and buildings. The news continues to drive buying momentum.
The divestment is part of the group's medium-term management plan to secure resources for growth investments while maintaining fiscal discipline. The buyer has not been disclosed. Yokohama Rubber expects to record a gain of approximately 30 billion yen as other income in the second quarter of the fiscal year ending December 2026.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
Related Articles
Shin Nippon Air Tech ranks 4th in rising buy predictions among retail investors on Minkabu
Syuppin shares extend decline in afternoon session after Milli Capital reduces stake
Mitsui O.S.K. Lines holds firm on first LNG vessel long-term charter deal with Inpex
Nintendo extends gains on strong start for new game release, lifting stock from bottom range
KOMEDA rises for third day as domestic broker raises price target to 3,400 yen
Decliners outpace gainers on Tokyo Prime market at 1:00 PM
Copa corp rebounds on business tie-up with Vector subsidiary Live Commerce
Ichiyoshi Securities gains in afternoon trade as preliminary FY2026 net profit nearly triples
Mitsubishi Heavy Industries tops list of rising sell predictions among retail investors: Minkabu survey
Aqualine falls for third straight day after TSE places stock under supervision