Yokohama Rubber Unveils Phase III of Grand Design 100

ERJ staff report (DS)

Tokyo - The Yokohama Rubber Co., Ltd., unveiled today an outline of the latest three-year phase in its medium-term management plan, Grand Design 100.

Yokohama entered Phase III of Grand Design 100 this January, the first month of its present fiscal year.

Its chief financial targets for the three years of Phase III are to achieve cumulative net sales of 1,800 billion yen, cumulative operating income of 150.0 billion yen, and cumulative operating return on sales of 8.3%. Yokohama's chief financial targets for the culminating year of Phase III, 2014, are to achieve net sales of 630.0 billion yen, operating income of 60.0 billion yen, and operating return on sales of 9.5%.

Changes in the operating environment have obliged Yokohama to defer its horizon for the 1 trillion yen sales target to 2019 or 2020. Yokohama remains committed, however, to achieving the target for operating income by 2017, and management expects the operating margin to reach the 10% target ahead of schedule

Tires are the focus of Yokohama's growth plans. The company is working to assert a distinctive identity in the global tyre market, to expand its global supply capacity greatly, and to deploy high-value-added tyre products worldwide. In diversified products, Yokohama will draw on compelling strengths in technologies for the three functions of carrying, affixing, and buffering. It will make the most of those strengths in developing products to assert market leadership and to cultivate business in new sectors.

This is an external link and should open in a new window. If the window does not appear, please check your pop-up blocking software. ERJ is not responsible for the content of external sites.

Press release from Yokohama