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51012025 Full YearPrimeIFRS

The Yokohama Rubber (5101) FY2025 FY Earnings Report

For FY2025 FY, revenue came to ¥1.23T (+12.8% year on year) and operating income ¥152.9B (+28.3%). The segment drivers and cash flow follow.

Automobiles & Transportation Equipment/Rubber Products


Financial Highlights

  • Net Sales: ¥1.23T
  • Operating Income: ¥152.90B
  • Net Income: ¥106.78B
  • EPS: ¥668.55

Income Statement

ItemCurrentPriorYoY %
Net Sales¥1.23T¥1.09T+12.8%
Cost of Sales¥788.15B¥705.00B+11.8%
Gross Profit¥446.81B¥389.75B+14.6%
SG&A Expenses¥280.23B¥255.37B+9.7%
Operating Income¥152.90B¥119.16B+28.3%
Profit Before Tax¥157.19B¥115.36B+36.3%
Income Tax Expense¥50.40B¥39.23B+28.5%
Net Income¥106.78B¥76.13B+40.3%
Net Income Attributable to Owners¥105.40B¥74.92B+40.7%
Total Comprehensive Income¥161.12B¥175.28B−8.1%
Basic EPS¥668.55¥467.81+42.9%
Diluted EPS¥666.55¥466.57+42.9%
Dividend Per Share¥134.00¥46.00+191.3%
Total Dividend Paid¥21.13B¥15.69B+34.7%

Balance Sheet

ItemCurrent EndPrior EndChange
Current Assets¥826.17B¥749.71B+¥76.45B
Accounts Receivable¥333.99B¥281.02B+¥52.97B
Inventories¥319.06B¥280.63B+¥38.42B
Non-current Assets¥1.17T¥985.83B+¥186.36B
Property, Plant & Equipment¥634.27B¥517.52B+¥116.75B
Intangible Assets¥126.44B¥72.45B+¥53.98B
Goodwill¥332.90B¥296.81B+¥36.09B
Total Assets¥2.00T¥1.74T+¥262.82B
Accounts Payable¥112.71B¥108.52B+¥4.19B
Non-current Liabilities¥511.09B¥456.68B+¥54.41B
Total Liabilities¥958.13B¥831.53B+¥126.60B
Total Equity¥1.04T¥904.01B+¥136.22B
Capital Stock¥38.91B¥38.91B¥0
Capital Surplus¥29.97B¥31.39B−¥1.42B
Retained Earnings¥709.39B¥619.73B+¥89.66B
Treasury Stock−¥15.66B−¥15.44B−¥221M
Shareholders' Equity¥1.03T¥893.97B+¥136.88B
Equity Ratio51.6%51.5%+0.1%

Cash Flow Statement

ItemCurrentPriorChange
Operating Cash Flow¥135.63B¥94.50B+¥41.13B
Investing Cash Flow−¥241.30B−¥1.39B−¥239.91B
Financing Cash Flow¥68.32B−¥63.21B+¥131.53B
Cash and Cash Equivalents¥107.39B¥136.22B−¥28.82B
Free Cash Flow−¥105.67B--

Profitability Ratios

ItemValue
ROE11.0%
ROA (Ordinary Income)8.9%
Payout Ratio20.0%
Dividend on Equity (DOE)2.2%
Book Value Per Share¥6,536.66
Net Profit Margin8.5%
Gross Profit Margin36.2%
Debt-to-Equity Ratio0.92x
Effective Tax Rate32.1%

Year-over-Year Comparison

ItemYoY Change
Net Sales YoY Change+12.8%
Operating Income YoY Change+28.3%
Ordinary Income YoY Change+16.7%
Profit Before Tax YoY Change+36.3%
Net Income YoY Change+40.3%
Net Income Attributable to Owners YoY Change+40.7%
Total Comprehensive Income YoY Change−8.1%

Share Information

ItemValue
Shares Outstanding (incl. Treasury)166.40M shares
Treasury Stock8.69M shares
Average Shares Outstanding157.65M shares
Book Value Per Share¥6,596.14

Dividend Information

ItemAmount
Q2 Dividend¥48.00
Year-End Dividend¥86.00

Segment Information

SegmentRevenueOperating Income
MBMultiple¥105.55B¥11.09B
OperatingSegmentsNotIncludedInReportableSegmentsAndOtherRevenueGeneratingBusiness¥8.12B¥518M
Tires¥1.12T¥154.98B

※ セグメント利益の測定基礎: business

Full Year Forecast

ItemForecast
Net Sales Forecast¥1.30T
Operating Income Forecast¥173.00B
Net Income Attributable to Owners Forecast¥90.00B
Basic EPS Forecast¥572.50
Dividend Per Share Forecast¥172.00