Yokohama Rubber posts half-year loss

TOKYO (Jan. 3)—Yokohama Rubber Co. Ltd. suffered a net loss of $51.4 million in the six-month period ended Sept. 30, but the company is forecasting it will be about $2 million in the black for the entire year, reversing an $80 million net loss last year. Yokohama´s operating earnings for the period fell to $41 million, but a $38 million write-off of goodwill of its U.S. subsidiary Yokohama Tire Corp. pushed the net result into the red. Yokohama´s sales during the period were $1.66 billion. Comparable six-month data for the previous year were not divulged.