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51012026 Q1PrimeIFRS

The Yokohama Rubber (5101) FY2026 Q1 Earnings Report

For FY2026 Q1, revenue came to ¥303.8B (+10.4% year on year) and operating income ¥26.0B (+34.5%). The segment drivers and cash flow follow.

Automobiles & Transportation Equipment/Rubber Products


Financial Highlights

  • Net Sales: ¥303.81B
  • Operating Income: ¥26.01B
  • Net Income: ¥14.90B
  • EPS: ¥93.62

Income Statement

ItemCurrentPriorYoY %
Net Sales¥303.81B¥275.12B+10.4%
Cost of Sales¥185.79B¥183.90B+1.0%
Gross Profit¥118.01B¥91.21B+29.4%
SG&A Expenses¥73.57B¥67.14B+9.6%
Operating Income¥26.01B¥19.34B+34.5%
Profit Before Tax¥25.96B¥13.88B+87.1%
Income Tax Expense¥11.06B¥5.27B+110.0%
Net Income¥14.90B¥8.61B+73.1%
Net Income Attributable to Owners¥14.72B¥8.53B+72.6%
Total Comprehensive Income¥26.27B−¥33.22B+179.1%
Basic EPS¥93.62¥53.74+74.2%
Diluted EPS¥93.32¥53.59+74.1%

Balance Sheet

ItemCurrent EndPrior EndChange
Current Assets¥847.50B¥826.17B+¥21.33B
Accounts Receivable¥350.06B¥333.99B+¥16.08B
Inventories¥332.08B¥319.06B+¥13.03B
Non-current Assets¥1.20T¥1.17T+¥26.53B
Property, Plant & Equipment¥655.21B¥634.27B+¥20.95B
Intangible Assets¥125.48B¥126.44B−¥958M
Goodwill¥336.60B¥332.90B+¥3.70B
Total Assets¥2.05T¥2.00T+¥47.86B
Accounts Payable¥125.64B¥112.71B+¥12.93B
Non-current Liabilities¥514.00B¥511.09B+¥2.92B
Total Liabilities¥993.58B¥958.13B+¥35.45B
Total Equity¥1.05T¥1.04T+¥12.41B
Capital Stock¥38.91B¥38.91B¥0
Capital Surplus¥30.05B¥29.97B+¥78M
Retained Earnings¥710.23B¥709.39B+¥839M
Treasury Stock−¥15.66B−¥15.66B−¥2M
Shareholders' Equity¥1.04T¥1.03T+¥12.62B
Equity Ratio51.0%51.6%−0.6%

Cash Flow Statement

ItemCurrentPriorChange
Operating Cash Flow−¥29.11B−¥18.86B−¥10.24B
Investing Cash Flow−¥37.05B−¥162.72B+¥125.67B
Financing Cash Flow¥49.58B¥136.37B−¥86.78B
Cash and Cash Equivalents¥93.59B¥107.39B−¥13.80B
Free Cash Flow−¥66.16B--

Profitability Ratios

ItemValue
Book Value Per Share¥6,616.73
Net Profit Margin4.8%
Gross Profit Margin38.8%
Debt-to-Equity Ratio0.94x
Effective Tax Rate42.6%

Year-over-Year Comparison

ItemYoY Change
Net Sales YoY Change+10.4%
Operating Income YoY Change+34.5%
Profit Before Tax YoY Change+87.1%
Net Income YoY Change+73.1%
Net Income Attributable to Owners YoY Change+72.6%

Share Information

ItemValue
Shares Outstanding (incl. Treasury)166.40M shares
Treasury Stock8.69M shares
Average Shares Outstanding157.21M shares
Book Value Per Share¥6,674.82

Segment Information

SegmentRevenueOperating Income
MBMultiple¥23.98B¥2.24B
OperatingSegmentsNotIncludedInReportableSegmentsAndOtherRevenueGeneratingBusiness¥1.70B¥180M
Tires¥278.12B¥42.02B

※ 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¥191.50B
Net Income Attributable to Owners Forecast¥109.00B
Basic EPS Forecast¥693.36
Dividend Per Share Forecast¥172.00