The Yokohama Rubber Company, Limited
Notice Regarding Transfer of Fixed Assets by a Consolidated Subsidiary
The consolidated subsidiary Alliance Tire Company Ltd. will transfer fixed assets of the former Israel OHT plant site, expecting to record approximately 30 billion yen in transfer gains in the second quarter of the fiscal year ending December 2026.
Key Figures
- Transfer Gain: Approximately 30 billion yen (estimated)
- Contract Signing Date: 2026-04-15 (local time)
- Transfer Delivery Date: Scheduled for 2026-04-16 (local time)
AI要約
Overview of the Transfer
Alliance Tire Company Ltd., a consolidated subsidiary of The Yokohama Rubber Co., Ltd., resolved at its board meeting on April 15, 2026, to transfer fixed assets of the former Israel OHT plant site. The assets to be transferred consist of idle assets such as land and buildings. The transfer price and book value are undisclosed at the request of the transferee. The transfer gain is expected to be approximately 30 billion yen. The transferee is not an affiliated party. The contract signing date is April 15, 2026, and the transfer delivery date is scheduled for April 16, 2026.
Future Outlook
This fixed asset transfer is expected to record approximately 30 billion yen as “Other Income” during the consolidated accounting period of the second quarter of the fiscal year ending December 2026. The impact on consolidated earnings forecasts is currently under review, and revised information will be promptly disclosed if necessary.
The Yokohama Rubber Co., Ltd.
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