TOKYO (April 25, 2008) — Yokohama Rubber Co. Ltd. said it expects to report higher sales and operating income for its fiscal year ended March 31 than previously forecast, although consolidated net income won't be as high as predicted.
The company said it now forecasts net sales will rise 10.6 from the previous year to $5.29 billion, and operating income to increase 56.6 percent to $316.9 million. Net income should climb 28.3 percent to $201.7 million.
Better sales figures from overseas boosted the sales and operating income results, while the strengthening of the yen caused the falloff in the net profits forecast, Yokohama said.