Recently, Yokohama Rubber Co., Ltd. of Japan announced its financial forecast data for the second quarter of 2015 on its official website. According to Yokohama Rubber Forecast, the company's cumulative second quarter 2015 results are expected to be: sales of 307 billion yen (up 8.1% year-on-year), operating profit of 24 billion yen (up 1.8% year-on-year), regular profit of 17 billion yen (24.8% year-on-year decrease), net profit was 10.5 billion yen (41.5% year-on-year). In February 2015, the company announced the first quarter and second quarter overall forecast data for sales of 673 billion yen (up 7.6% year-on-year), operating profit of 64 billion yen (up 8.4% year-on-year), regular profit 545 Billion yen (down 2.3% year-on-year), net profit 36 ​​billion yen (decrease 11.1% year-on-year). It is understood that Yokohama Rubber's sales in the first quarter, regular profit, and net profit all decreased compared to last year, but operating profit hit a new high. One of the main reasons for the company's tire sales was a decrease in sales of tires in Japan compared with the same period last year. In the first quarter of 2015, the company’s consolidated sales revenue was JPY188.7 billion, a year-on-year decrease of 0.9%; operating profit was RMB 11.8 billion, an increase of 1.0% year-on-year; regular profit was RMB 9.4 billion, a year-on-year decrease of 9.7%; net profit was RMB 5.8 billion. The Japanese yen decreased by 10.1% year-on-year. Yokohama Rubber said that as the main tire business, sales in Japan are relatively low, but sales in overseas markets have recovered. In other business areas, the hose fittings and industrial materials business went smoothly. The reduction in the price of raw materials and the depreciation of the exchange rate of the Japanese yen also brought about some profits.
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