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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  The Yokohama Rubber Company, Limited    5101   JP3955800002

THE YOKOHAMA RUBBER COMPANY, LIMITED

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Yokohama Rubber : to invest 11 bil. yen in India industrial tire plants

03/13/2020 | 03:53am EST

Major Japanese tire and rubber maker Yokohama Rubber Co. will inject 11 billion yen ($105 million) into its plants and other facilities in India in 2020 to increase output and sales of tires for industrial use.

Yokohama Rubber will invest in the facilities of Alliance Tire Group K.K., its wholly owned subsidiary producing "off-highway tires" for industrial vehicles, and agricultural and construction machinery, hoping to increase the subsidiary's sales to 110 billion yen by 2025, a 55 percent increase from 2019, according to the company.

The investment will focus on Alliance Tire Group's Indian plants, a Yokohama Rubber spokesman told NNA on Thursday, adding that the money will be used "to introduce new machines as well as to update, repair, and replace the existing ones."

Alliance Tire Group, previously a Dutch company, was acquired by Yokohama Rubber in 2016. The subsidiary, which currently has two plants in India and one in Israel, sells around 40 percent of its production to North America and another 40 percent to Europe.

Yokohama Rubber has another subsidiary in India producing tires for passenger cars. (NNA/Kyodo)

==Kyodo

© Kyodo News International, Inc., source Newswire

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Financials
Sales 2020 567 B 5 462 M 5 462 M
Net income 2020 19 720 M 190 M 190 M
Net Debt 2020 163 B 1 568 M 1 568 M
P/E ratio 2020 13,1x
Yield 2020 3,97%
Capitalization 259 B 2 493 M 2 491 M
EV / Sales 2020 0,74x
EV / Sales 2021 0,67x
Nbr of Employees 27 428
Free-Float 78,8%
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The Yokohama Rubber Company, Limited Technical Analysis Chart | 5101 | JP3955800002 | MarketScreener
Technical analysis trends THE YOKOHAMA RUBBER COMPANY, LIMITED
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 6
Average target price 1 741,67 JPY
Last Close Price 1 612,00 JPY
Spread / Highest target 17,9%
Spread / Average Target 8,04%
Spread / Lowest Target -13,2%
EPS Revisions
Managers and Directors
NameTitle
Masataka Yamaishi President & Representative Director
Masaki Noro Director, Managing Executive Officer, GM-R&D
Hideichi Okada Independent Outside Director
Osamu Mikami Director & Senior Managing Executive Officer
Gota Matsuo Director & GM-Business Administration
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