Yokohama posts record 6-month results

TOKYO (Aug. 10, 2015) — Yokohama Rubber Co. Ltd. reported higher operating income and sales for the six months ended June 30, but net income slid nearly 10 percent. Operating income was up 7.3 percent to $201.6 million on the effects of higher sales, low raw materials prices and a weakening Japanese yen, Yokohama said. Sales rose 4.4 percent to $2.47 billion on gains by both the tire and non-tire segments. Tokyo-based Yokohama said its sales and operating income were records for the first half.

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