1. Yokohama reports HI earnings slump

    Yokohama reports HI earnings slump

    Tokyo –  Yokohama Rubber Co. has posted a 37.9 percent fall in operating profit, to Yen 15.7 billion (€139 million) on first-half sales of Yen268.1 billion, 9.5-percent lower than a year ago.

    The company linked the lower profitability to a unit-decline in Japanese vehicle production, weakening demand and declining prices in Yokohama’s principal product sectors.

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