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

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%.

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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%

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