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The Yokohama Rubber Co., Ltd., announces that it has upwardly revised the financial targets in its medium-term management plan Yokohama Transformation 2026 (YX2026), which was announced on February 16, 2024, and will be implemented during the three years from fiscal 2024 through fiscal 2026.

YX2026鈥檚 initial financial targets for fiscal 2026, the plan鈥檚 final year, included sales revenue of 楼1,150 billion, business profit of 楼130 billion, and a business profit margin of 11%. However, considering recent business results, the realization of 鈥淭echnological and Production Transformation鈥� that will be promoted during YX2026, and the expected contribution to earnings from the acquisition of Goodyear鈥檚 OTR business that was announced in the 鈥淣otice regarding the acquisition of The Goodyear Tire & Rubber Company鈥檚 mining & construction machinery tire business鈥� submitted on July 22, 2024, Yokohama Rubber has upwardly revised these YX2026 financial targets, raising sales revenue to 楼1,250 billion, an increase of 楼100 billion, and business profit to 楼150 billion, an increase of 楼20 billion. The business profit margin target has been increased to 12%.

Under its current medium-term management plan YX2026, Yokohama Rubber is advancing the 鈥渆xploitation鈥� of the strengths of its existing businesses and the 鈥渆xploration鈥� of new value as it aims to complete the transformation begun under its previous medium-term plan while being mindful to not leave any negative legacies for the next generation. Under this guiding philosophy, Yokohama Rubber will resolutely implement the growth strategies established for each of its businesses as it aims to achieve 鈥淗ockey Stick Growth鈥� during YX2026 to fiscal 2027.

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