[Company analysis] The Yokohama Rubber Co., Ltd. (横浜ゴム)

「The Yokohama Rubber Co., Ltd. (横浜ゴム)」is a tire and rubber manufacturing company such as「Bridgestone Corporation(ブリヂストン)」and「Sumitomo Rubber Industries(住友ゴム)」and this company belong to the「Furukawa Group(古河グループ)」. Besides they are the 3rd largest tyre manufacturer in Japan and the 8th largest in world ranking. The number of consolidated employees is approximately 26,274.

 

1. Company Profile

2. Summary and Features

3. Major Business

4. Financial Information

 

 

 

1. Company Profile

 

※Unit is JPY million, as of 2019

Company name	The Yokohama Rubber Co., Ltd.
Company name (Japanese)	横浜ゴム
Date of establishment	Saturday, October 13, 1917
Headquarters location	〒105-8685 東京都港区新橋5丁目36番11号
Capital	3,899
Consolidated sales	650,239
Consolidated operating profit	59,257
Consolidated total assets	855,812
Consolidated capital	382,401
Capital adequacy ratio	44.7%
Consolidated number of employees	26,274

 

 

 

2. Summary and Features

 
Tires business accounts for about 70% of sales of「Yokohama Rubber」. Such as general tires for automobiles, snow tires for winter, tires for trucks and buses, large special tires used for construction vehicles, motor sports, they develop and produce all kinds of tires whatever it's use. In addition, the sales of「ATG」, which specially produces and sells only tires for unpaved roads purchased in 2016, accounted for about 10% of the total.

「Yokohama Rubber」are developing not only tires but also hydraulic hoses for automobiles and construction machinery, and they have won the top share in Japan for sealing materials for automobile windows. This company has 29 production and sales bases and 35 sales bases all over the world, and they are leveraging these to develop our business globally.

Since launching the "DNA" series of fuel-efficient tires in 1998, this company have been working on environmental technology development. Nowadays, most of Yokohama Rubber's new products, such as energy-saving conveyor belts and tires that use less gasoline, are environment-related products.

 

 

 

3. Major Business

 

■ Tire business
For general tires for cars, trucks and buses, construction. Industrial and agricultural tires and automotive parts

■ MB
High-pressure resin phos coupling, bridge / civil engineering materials, electrical / electronic equipment materials /  aviation parts

■ Other
Sporting goods, information processing services, real estate rental, etc.

 

 

4. Financial information

 

※Unit is JPY million

		2016	2017	2018
Consolidated sales		574,048	646,272	650,239
Consolidated operating profit		45,775	58,265	59,257
Consolidated total assets		888,949	920,776	855,812
Consolidated net assets		344,638	387,752	382,401
Breakdown of sales	Tire business	428,359	459,949	454,801
	MB business	112,188	114,099	117,782
	ATG business	25,473	63,433	68,689
	Others	8,028	8,792	8,966