The Yokohama Rubber Company, Limited
Notice of Differences Between Consolidated Earnings for the Second Quarter of Fiscal 2026 (Interim Period) and Forecasts, Revision of Full-Year Consolidated Earnings Forecast (Upward), and Revision of Interim and Year-End Dividends (Dividend Increase)
Upward revision of interim earnings forecasts (Sales 639,397 million yen, Operating income 109,699 million yen, Net income attributable to owners of parent 72,578 million yen, basic earnings per share 461.62 yen → 461.62 yen) and upward revision of full-year forecasts to Sales 1,320,000 million yen, Operating income 199,500 million yen, Net income 117,000 million yen. Interim dividend 87 yen, year-end dividend 136 yen, expected annual dividend 223 yen. Payout ratio raised to 30%, six consecutive years of dividend increases anticipated.
Key Figures
- Sales/Revenue: 639,397 million yen (upward revision)
- Operating profit: 109,699 million yen (upward revision)
- Net income attributable to owners of parent: 72,578 million yen (upward revision)
AI要約
Overview of Results
Yokohama Rubber Co., Ltd. revised upward its interim earnings forecast for the six months ended December 2026, reflecting improvements in raw material prices and a weaker yen, with stronger performance in Europe and India in the tire consumer goods market, contributions from high value-added products (AGW), price pass-through, MB structural reforms, and consolidation of operations. Full-year forecasts were also raised for both sales and profits. Interim dividend is revised to 87 yen and the year-end dividend to 136 yen, bringing the annual dividend to 223 yen. The payout ratio is raised to 30%, with six consecutive years of dividend increases planned.
Outlook and Shareholder Returns
The upward revision to the full-year outlook reflects the steady execution of price pass-through measures and the strong results in the first half. The mid-term management plan 'YX2026' aims to deepen existing businesses while pursuing new value, balancing structural strengthening with growth investments. With the increases in interim and year-end dividends, the annual dividend will significantly exceed the previous year's levels. While uncertainties remain, the company expects a steady earnings trajectory going forward.
Yokohama Rubber Co., Ltd.
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