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Yokohama rubber rises for fourth straight day on unit's asset sale in Israel

Fri Apr 17, 2026 1:06 pm JST Catalyst

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.

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