Financials

Yokohama Rubber: FYE Dec 2025 and ten years of results (46 metrics)

FYE Dec 2025 · Revenue¥1.23tnYoY +12.8%

FYE Dec 2025 · Operating profit¥153bnYoY +28.3%

FYE Dec 2025 · Net profit¥105bnYoY +40.7%

FYE Dec 2025 · Equity ratio51.1%YoY +0.2pp

FYE Dec 2025 · Group employees34,471YoY +273

Fiscal year	Revenue	YoY	Operating profit	YoY	Margin	Net profit	Chief executive
FYE Dec 2016Consolidated	¥596bn	n/a	¥42bn	n/a	7.1%	¥19bn	Noji Hikomitsu
FYE Dec 2017Consolidated	¥646bn	+8.4%	¥54bn	+28.1%	8.4%	¥35bn	Noji Hikomitsu
FYE Dec 2018Consolidated	¥650bn	+0.6%	¥53bn	−1.4%	8.2%	¥36bn	Yamaishi Masataka
FYE Dec 2019Consolidated	¥650bn	+0.0%	¥59bn	+9.5%	9.0%	¥42bn	Yamaishi Masataka
FYE Dec 2020Consolidated	¥551bn	−15.3%	¥36bn	−38.5%	6.5%	¥26bn	Yamaishi Masataka
FYE Dec 2021Consolidated	¥671bn	+21.7%	¥84bn	+132.4%	12.5%	¥66bn	Yamaishi Masataka
FYE Dec 2022Consolidated	¥860bn	+28.3%	¥69bn	−17.7%	8.0%	¥46bn	Yamaishi Masataka
FYE Dec 2023Consolidated	¥985bn	+14.5%	¥100bn	+45.8%	10.2%	¥67bn	Yamaishi Masataka
FYE Dec 2024Consolidated	¥1.09tn	+11.1%	¥119bn	+18.7%	10.9%	¥75bn	Yamaishi Masataka
FYE Dec 2025Consolidated	¥1.23tn	+12.8%	¥153bn	+28.3%	12.4%	¥105bn	Seimiya Shinji

How it compares

Bridgestone¥4.43tnFY2025Operating margin 8.6%

Yokohama Rubber¥1.23tnFY2025Operating margin 12.4%

Sumitomo Rubber Industries, Ltd.¥1.21tnFY2025Operating margin 6.8%

Toyo Tire¥595bnFY2025Operating margin 16.4%

Income statement Revenue, costs, each level of profit and the margins they leave

Where the revenue goes

¥ bn

Cost of sales SG&A Other operating costs Operating profit

Margins

Gross margin Operating margin Ordinary margin Net margin

Revenue net sales, operating revenue

FYE Dec 2025 ¥1.23tn

CAGR · 10 yrs +8.4%

Fiscal year	Revenue ¥ bn	YoY	Basis
FYE Dec 2016	596	n/a	Cons. · Japanese GAAP
FYE Dec 2017	646	moved to IFRS	Cons. · IFRS
FYE Dec 2018	650	+0.6%	Cons. · IFRS
FYE Dec 2019	650	−0.0%	Cons. · IFRS
FYE Dec 2020	551	−15.3%	Cons. · IFRS
FYE Dec 2021	671	+21.7%	Cons. · IFRS
FYE Dec 2022	860	+28.3%	Cons. · IFRS
FYE Dec 2023	985	+14.5%	Cons. · IFRS
FYE Dec 2024	1,095	+11.1%	Cons. · IFRS
FYE Dec 2025	1,235	+12.8%	Cons. · IFRS

Definition: Everything the company took in from its own business
Formula: Revenue line of the income statement
Source: Securities report (XBRL)

Cost of sales

FYE Dec 2025 ¥788bn

CAGR · 10 yrs +8.3%

Fiscal year	Cost of sales ¥ bn	YoY	Basis
FYE Dec 2016	384	n/a	Cons. · Japanese GAAP
FYE Dec 2017	433	moved to IFRS	Cons. · IFRS
FYE Dec 2018	434	+0.3%	Cons. · IFRS
FYE Dec 2019	441	+1.6%	Cons. · IFRS
FYE Dec 2020	376	−14.9%	Cons. · IFRS
FYE Dec 2021	447	+19.0%	Cons. · IFRS
FYE Dec 2022	573	+28.1%	Cons. · IFRS
FYE Dec 2023	659	+15.1%	Cons. · IFRS
FYE Dec 2024	705	+6.9%	Cons. · IFRS
FYE Dec 2025	788	+11.8%	Cons. · IFRS

Definition: The cost of what was sold
Formula: Cost of sales line of the income statement
Source: Securities report (XBRL)

Gross profit

FYE Dec 2025 ¥447bn

CAGR · 10 yrs +8.6%

Fiscal year	Gross profit ¥ bn	YoY	Basis
FYE Dec 2016	212	n/a	Cons. · Japanese GAAP
FYE Dec 2017	213	moved to IFRS	Cons. · IFRS
FYE Dec 2018	216	+1.3%	Cons. · IFRS
FYE Dec 2019	209	−3.1%	Cons. · IFRS
FYE Dec 2020	175	−16.1%	Cons. · IFRS
FYE Dec 2021	224	+27.5%	Cons. · IFRS
FYE Dec 2022	288	+28.6%	Cons. · IFRS
FYE Dec 2023	326	+13.3%	Cons. · IFRS
FYE Dec 2024	390	+19.6%	Cons. · IFRS
FYE Dec 2025	447	+14.6%	Cons. · IFRS

Definition: What the product or service itself earns
Formula: Revenue − cost of sales
Source: Securities report (XBRL)

SG&A selling, general and administrative expenses

FYE Dec 2025 ¥280bn

CAGR · 10 yrs +5.7%

Fiscal year	SG&A ¥ bn	YoY	Basis
FYE Dec 2016	170	n/a	Cons. · Japanese GAAP
FYE Dec 2017	155	moved to IFRS	Cons. · IFRS
FYE Dec 2018	156	+1.1%	Cons. · IFRS
FYE Dec 2019	159	+1.6%	Cons. · IFRS
FYE Dec 2020	140	−12.2%	Cons. · IFRS
FYE Dec 2021	161	+15.7%	Cons. · IFRS
FYE Dec 2022	218	+34.8%	Cons. · IFRS
FYE Dec 2023	227	+4.2%	Cons. · IFRS
FYE Dec 2024	255	+12.6%	Cons. · IFRS
FYE Dec 2025	280	+9.7%	Cons. · IFRS

Definition: The cost of selling and of running the company
Formula: SG&A line of the income statement
Source: Securities report (XBRL)

Operating profit

FYE Dec 2025 ¥153bn

CAGR · 10 yrs +15.3%

Fiscal year	Operating profit ¥ bn	YoY	Basis
FYE Dec 2016	42.3	n/a	Cons. · Japanese GAAP
FYE Dec 2017	54.2	moved to IFRS	Cons. · IFRS
FYE Dec 2018	53.5	−1.4%	Cons. · IFRS
FYE Dec 2019	58.6	+9.5%	Cons. · IFRS
FYE Dec 2020	36.0	−38.5%	Cons. · IFRS
FYE Dec 2021	83.6	+132.4%	Cons. · IFRS
FYE Dec 2022	68.9	−17.7%	Cons. · IFRS
FYE Dec 2023	100	+45.8%	Cons. · IFRS
FYE Dec 2024	119	+18.7%	Cons. · IFRS
FYE Dec 2025	153	+28.3%	Cons. · IFRS

Definition: What the core business earns
Formula: Gross profit − SG&A
Source: Securities report (XBRL)

Non-operating income

FYE Dec 2025 ¥18bn

CAGR · 10 yrs +15.3%

Fiscal year	Non-operating income ¥ bn	YoY	Basis
FYE Dec 2016	4.9	n/a	Cons. · Japanese GAAP
FYE Dec 2017	5.5	moved to IFRS	Cons. · IFRS
FYE Dec 2018	3.0	−45.0%	Cons. · IFRS
FYE Dec 2019	3.2	+6.2%	Cons. · IFRS
FYE Dec 2020	3.1	−3.4%	Cons. · IFRS
FYE Dec 2021	7.9	+153.3%	Cons. · IFRS
FYE Dec 2022	10.3	+31.1%	Cons. · IFRS
FYE Dec 2023	12.8	+23.4%	Cons. · IFRS
FYE Dec 2024	5.6	−56.5%	Cons. · IFRS
FYE Dec 2025	17.6	+217.8%	Cons. · IFRS

Definition: Income from outside the core business
Formula: Non-operating income line of the income statement
Source: Securities report (XBRL)

Non-operating expenses

FYE Dec 2025 ¥13bn

CAGR · 10 yrs +5.7%

Fiscal year	Non-operating expenses ¥ bn	YoY	Basis
FYE Dec 2016	8.1	n/a	Cons. · Japanese GAAP
FYE Dec 2017	4.9	moved to IFRS	Cons. · IFRS
FYE Dec 2018	6.6	+35.3%	Cons. · IFRS
FYE Dec 2019	4.0	−38.8%	Cons. · IFRS
FYE Dec 2020	5.6	+39.5%	Cons. · IFRS
FYE Dec 2021	6.3	+12.8%	Cons. · IFRS
FYE Dec 2022	7.6	+19.7%	Cons. · IFRS
FYE Dec 2023	7.1	−5.7%	Cons. · IFRS
FYE Dec 2024	9.4	+31.0%	Cons. · IFRS
FYE Dec 2025	13.4	+42.9%	Cons. · IFRS

Definition: Costs arising outside the core business
Formula: Non-operating expenses line of the income statement
Source: Securities report (XBRL)

Net profit profit attributable to owners of the parent

FYE Dec 2025 ¥105bn

CAGR · 10 yrs +21.1%

Fiscal year	Net profit ¥ bn	YoY	Basis
FYE Dec 2016	18.8	n/a	Cons. · Japanese GAAP
FYE Dec 2017	35.2	moved to IFRS	Cons. · IFRS
FYE Dec 2018	35.6	+1.1%	Cons. · IFRS
FYE Dec 2019	42.0	+17.8%	Cons. · IFRS
FYE Dec 2020	26.3	−37.3%	Cons. · IFRS
FYE Dec 2021	65.5	+148.9%	Cons. · IFRS
FYE Dec 2022	45.9	−29.9%	Cons. · IFRS
FYE Dec 2023	67.2	+46.4%	Cons. · IFRS
FYE Dec 2024	74.9	+11.4%	Cons. · IFRS
FYE Dec 2025	105	+40.7%	Cons. · IFRS

Definition: What is left after tax
Formula: Pre-tax profit − income taxes
Source: Securities report (XBRL)

Gross margin

FYE Dec 2025 36.2%

Average · 10 yrs 33.7%

Fiscal year	Gross margin %	YoY	Basis
FYE Dec 2016	35.6	n/a	Cons. · Japanese GAAP
FYE Dec 2017	33.0	moved to IFRS	Cons. · IFRS
FYE Dec 2018	33.2	+0.2pp	Cons. · IFRS
FYE Dec 2019	32.2	−1.0pp	Cons. · IFRS
FYE Dec 2020	31.8	−0.3pp	Cons. · IFRS
FYE Dec 2021	33.3	+1.5pp	Cons. · IFRS
FYE Dec 2022	33.4	+0.1pp	Cons. · IFRS
FYE Dec 2023	33.1	−0.4pp	Cons. · IFRS
FYE Dec 2024	35.6	+2.5pp	Cons. · IFRS
FYE Dec 2025	36.2	+0.6pp	Cons. · IFRS

Definition: The share of revenue left after the cost of sales
Formula: Gross profit ÷ revenue
Source: Securities report (XBRL)

Operating margin

FYE Dec 2025 12.4%

Average · 10 yrs 9.3%

Fiscal year	Operating margin %	YoY	Basis
FYE Dec 2016	7.1	n/a	Cons. · Japanese GAAP
FYE Dec 2017	8.4	moved to IFRS	Cons. · IFRS
FYE Dec 2018	8.2	−0.2pp	Cons. · IFRS
FYE Dec 2019	9.0	+0.8pp	Cons. · IFRS
FYE Dec 2020	6.5	−2.5pp	Cons. · IFRS
FYE Dec 2021	12.5	+5.9pp	Cons. · IFRS
FYE Dec 2022	8.0	−4.5pp	Cons. · IFRS
FYE Dec 2023	10.2	+2.2pp	Cons. · IFRS
FYE Dec 2024	10.9	+0.7pp	Cons. · IFRS
FYE Dec 2025	12.4	+1.5pp	Cons. · IFRS

Definition: The share of revenue the core business keeps
Formula: Operating profit ÷ revenue
Source: Securities report (XBRL)

Net margin

FYE Dec 2025 8.5%

Average · 10 yrs 6.3%

Fiscal year	Net margin %	YoY	Basis
FYE Dec 2016	3.2	n/a	Cons. · Japanese GAAP
FYE Dec 2017	5.4	moved to IFRS	Cons. · IFRS
FYE Dec 2018	5.5	−0.0pp	Cons. · IFRS
FYE Dec 2019	6.5	+1.0pp	Cons. · IFRS
FYE Dec 2020	4.8	−1.7pp	Cons. · IFRS
FYE Dec 2021	9.8	+5.0pp	Cons. · IFRS
FYE Dec 2022	5.3	−4.4pp	Cons. · IFRS
FYE Dec 2023	6.8	+1.5pp	Cons. · IFRS
FYE Dec 2024	6.8	−0.0pp	Cons. · IFRS
FYE Dec 2025	8.5	+1.7pp	Cons. · IFRS

Definition: The share of revenue left after everything
Formula: Net profit ÷ revenue
Source: Securities report (XBRL)

Cost-of-sales ratio

FYE Dec 2025 63.8%

Average · 10 yrs 66.3%

Fiscal year	Cost-of-sales ratio %	YoY	Basis
FYE Dec 2016	64.4	n/a	Cons. · Japanese GAAP
FYE Dec 2017	67.0	moved to IFRS	Cons. · IFRS
FYE Dec 2018	66.8	−0.2pp	Cons. · IFRS
FYE Dec 2019	67.8	+1.0pp	Cons. · IFRS
FYE Dec 2020	68.2	+0.3pp	Cons. · IFRS
FYE Dec 2021	66.7	−1.5pp	Cons. · IFRS
FYE Dec 2022	66.6	−0.1pp	Cons. · IFRS
FYE Dec 2023	66.9	+0.4pp	Cons. · IFRS
FYE Dec 2024	64.4	−2.5pp	Cons. · IFRS
FYE Dec 2025	63.8	−0.6pp	Cons. · IFRS

Definition: The share of revenue taken by the cost of sales
Formula: Cost of sales ÷ revenue
Source: Securities report (XBRL)

SG&A ratio

FYE Dec 2025 22.7%

Average · 10 yrs 24.5%

Fiscal year	SG&A ratio %	YoY	Basis
FYE Dec 2016	28.5	n/a	Cons. · Japanese GAAP
FYE Dec 2017	23.9	moved to IFRS	Cons. · IFRS
FYE Dec 2018	24.1	+0.1pp	Cons. · IFRS
FYE Dec 2019	24.4	+0.4pp	Cons. · IFRS
FYE Dec 2020	25.3	+0.9pp	Cons. · IFRS
FYE Dec 2021	24.1	−1.3pp	Cons. · IFRS
FYE Dec 2022	25.3	+1.2pp	Cons. · IFRS
FYE Dec 2023	23.0	−2.3pp	Cons. · IFRS
FYE Dec 2024	23.3	+0.3pp	Cons. · IFRS
FYE Dec 2025	22.7	−0.6pp	Cons. · IFRS

Definition: The share of revenue taken by selling and administrative costs
Formula: SG&A ÷ revenue
Source: Securities report (XBRL)

Balance sheet Assets, debt and equity, and what they say about financial strength

What the balance sheet is made of

¥ bn

Equity Liabilities and non-controlling interests

Financial strength

Equity ratio Debt-to-equity

Total assets

FYE Dec 2025 ¥2.00tn

CAGR · 10 yrs +9.2%

Fiscal year	Total assets ¥ bn	YoY	Basis
FYE Dec 2016	903	n/a	Cons. · Japanese GAAP
FYE Dec 2017	929	moved to IFRS	Cons. · IFRS
FYE Dec 2018	856	−7.9%	Cons. · IFRS
FYE Dec 2019	908	+6.0%	Cons. · IFRS
FYE Dec 2020	860	−5.2%	Cons. · IFRS
FYE Dec 2021	985	+14.5%	Cons. · IFRS
FYE Dec 2022	1,151	+16.9%	Cons. · IFRS
FYE Dec 2023	1,600	+39.0%	Cons. · IFRS
FYE Dec 2024	1,736	+8.4%	Cons. · IFRS
FYE Dec 2025	1,998	+15.1%	Cons. · IFRS

Definition: Everything the company holds
Formula: Total assets line of the balance sheet
Source: Securities report (XBRL)

Equity net assets, shareholders' equity

FYE Dec 2025 ¥1.02tn

CAGR · 10 yrs +12.7%

Fiscal year	Equity ¥ bn	YoY	Basis
FYE Dec 2016	349	n/a	Cons. · Japanese GAAP
FYE Dec 2017	392	moved to IFRS	Cons. · IFRS
FYE Dec 2018	366	−6.7%	Cons. · IFRS
FYE Dec 2019	410	+12.2%	Cons. · IFRS
FYE Dec 2020	408	−0.5%	Cons. · IFRS
FYE Dec 2021	518	+26.8%	Cons. · IFRS
FYE Dec 2022	606	+17.0%	Cons. · IFRS
FYE Dec 2023	730	+20.6%	Cons. · IFRS
FYE Dec 2024	884	+21.0%	Cons. · IFRS
FYE Dec 2025	1,021	+15.6%	Cons. · IFRS

Definition: The part of the funding that never has to be repaid
Formula: Net assets line of the balance sheet
Source: Securities report (XBRL)

Interest-bearing debt

FYE Dec 2025 ¥536bn

CAGR · 10 yrs +7.2%

Fiscal year	Interest-bearing debt ¥ bn	YoY	Basis
FYE Dec 2016	286	n/a	Cons. · Japanese GAAP
FYE Dec 2017	316	moved to IFRS	Cons. · IFRS
FYE Dec 2018	260	−17.5%	Cons. · IFRS
FYE Dec 2019	240	−7.9%	Cons. · IFRS
FYE Dec 2020	208	−13.4%	Cons. · IFRS
FYE Dec 2021	177	−14.7%	Cons. · IFRS
FYE Dec 2022	239	+34.7%	Cons. · IFRS
FYE Dec 2023	469	+96.6%	Cons. · IFRS
FYE Dec 2024	438	−6.7%	Cons. · IFRS
FYE Dec 2025	536	+22.3%	Cons. · IFRS

Definition: Borrowings the company pays interest on
Formula: Loans + bonds + lease obligations
Source: Securities report (XBRL)

Short-term borrowings

FYE Dec 2025 ¥135bn

CAGR · 9 yrs +10.3%

Fiscal year	Short-term borrowings ¥ bn	YoY	Basis
FYE Dec 2016	61.9	n/a	Cons. · Japanese GAAP
FYE Dec 2017	n/a	moved to IFRS	Cons. · IFRS
FYE Dec 2018	91.7	n/a	Cons. · IFRS
FYE Dec 2019	105	+14.8%	Cons. · IFRS
FYE Dec 2020	92.0	−12.6%	Cons. · IFRS
FYE Dec 2021	81.6	−11.3%	Cons. · IFRS
FYE Dec 2022	117	+44.0%	Cons. · IFRS
FYE Dec 2023	96.1	−18.2%	Cons. · IFRS
FYE Dec 2024	101	+5.6%	Cons. · IFRS
FYE Dec 2025	135	+33.3%	Cons. · IFRS

Definition: Borrowings repayable within a year
Formula: Short-term borrowings line of the balance sheet
Source: Securities report (XBRL)

Long-term borrowings

FYE Dec 2025 ¥401bn

CAGR · 9 yrs +7.5%

Fiscal year	Long-term borrowings ¥ bn	YoY	Basis
FYE Dec 2016	225	n/a	Cons. · Japanese GAAP
FYE Dec 2017	n/a	moved to IFRS	Cons. · IFRS
FYE Dec 2018	169	n/a	Cons. · IFRS
FYE Dec 2019	135	−20.2%	Cons. · IFRS
FYE Dec 2020	116	−14.0%	Cons. · IFRS
FYE Dec 2021	95.6	−17.4%	Cons. · IFRS
FYE Dec 2022	121	+26.8%	Cons. · IFRS
FYE Dec 2023	373	+207.9%	Cons. · IFRS
FYE Dec 2024	337	−9.8%	Cons. · IFRS
FYE Dec 2025	401	+19.0%	Cons. · IFRS

Definition: Borrowings repayable in more than a year
Formula: Long-term borrowings line of the balance sheet
Source: Securities report (XBRL)

Intangible assets

FYE Dec 2025 ¥126bn

CAGR · 9 yrs −1.6%

Fiscal year	Intangible assets ¥ bn	YoY	Basis
FYE Dec 2016	144	n/a	Cons. · Japanese GAAP
FYE Dec 2017	n/a	moved to IFRS	Cons. · IFRS
FYE Dec 2018	46.6	n/a	Cons. · IFRS
FYE Dec 2019	42.1	−9.5%	Cons. · IFRS
FYE Dec 2020	36.5	−13.4%	Cons. · IFRS
FYE Dec 2021	36.1	−1.1%	Cons. · IFRS
FYE Dec 2022	37.2	+3.0%	Cons. · IFRS
FYE Dec 2023	73.0	+96.4%	Cons. · IFRS
FYE Dec 2024	72.5	−0.8%	Cons. · IFRS
FYE Dec 2025	126	+74.5%	Cons. · IFRS

Definition: Assets with no physical form
Formula: Intangible assets line of the balance sheet
Source: Securities report (XBRL)

Goodwill

FYE Dec 2025 ¥333bn

CAGR · 10 yrs +15.8%

Fiscal year	Goodwill ¥ bn	YoY	Basis
FYE Dec 2016	88.6	n/a	Cons. · Japanese GAAP
FYE Dec 2017	88.1	moved to IFRS	Cons. · IFRS
FYE Dec 2018	86.6	−1.8%	Cons. · IFRS
FYE Dec 2019	85.4	−1.3%	Cons. · IFRS
FYE Dec 2020	80.7	−5.5%	Cons. · IFRS
FYE Dec 2021	90.1	+11.7%	Cons. · IFRS
FYE Dec 2022	104	+15.7%	Cons. · IFRS
FYE Dec 2023	276	+164.6%	Cons. · IFRS
FYE Dec 2024	297	+7.6%	Cons. · IFRS
FYE Dec 2025	333	+12.2%	Cons. · IFRS

Definition: What an acquisition cost above the net assets it brought
Formula: Goodwill line of the balance sheet
Source: Securities report (XBRL)

Equity ratio

FYE Dec 2025 51.1%

Average · 10 yrs 46.9%

Fiscal year	Equity ratio %	YoY	Basis
FYE Dec 2016	38.6	n/a	Cons. · Japanese GAAP
FYE Dec 2017	42.2	moved to IFRS	Cons. · IFRS
FYE Dec 2018	42.7	+0.5pp	Cons. · IFRS
FYE Dec 2019	45.2	+2.5pp	Cons. · IFRS
FYE Dec 2020	47.4	+2.3pp	Cons. · IFRS
FYE Dec 2021	52.6	+5.1pp	Cons. · IFRS
FYE Dec 2022	52.6	+0.1pp	Cons. · IFRS
FYE Dec 2023	45.6	−7.0pp	Cons. · IFRS
FYE Dec 2024	50.9	+5.3pp	Cons. · IFRS
FYE Dec 2025	51.1	+0.2pp	Cons. · IFRS

Definition: How much of the balance sheet is funded without debt
Formula: Equity ÷ total assets
Source: Securities report (XBRL)

Debt-to-equity ratio D/E ratio

FYE Dec 2025 52.5%

Average · 10 yrs 58.3%

Fiscal year	Debt-to-equity ratio %	YoY	Basis
FYE Dec 2016	82.1	n/a	Cons. · Japanese GAAP
FYE Dec 2017	80.5	moved to IFRS	Cons. · IFRS
FYE Dec 2018	71.2	−9.3pp	Cons. · IFRS
FYE Dec 2019	58.5	−12.7pp	Cons. · IFRS
FYE Dec 2020	50.9	−7.6pp	Cons. · IFRS
FYE Dec 2021	34.2	−16.7pp	Cons. · IFRS
FYE Dec 2022	39.4	+5.2pp	Cons. · IFRS
FYE Dec 2023	64.3	+24.9pp	Cons. · IFRS
FYE Dec 2024	49.6	−14.7pp	Cons. · IFRS
FYE Dec 2025	52.5	+2.9pp	Cons. · IFRS

Definition: Borrowings measured against the company's own capital
Formula: Interest-bearing debt ÷ equity
Source: Securities report (XBRL)

ROE return on equity

FYE Dec 2025 10.3%

Average · 10 yrs 8.9%

Fiscal year	ROE %	YoY	Basis
FYE Dec 2016	5.4	n/a	Cons. · Japanese GAAP
FYE Dec 2017	9.0	moved to IFRS	Cons. · IFRS
FYE Dec 2018	9.7	+0.8pp	Cons. · IFRS
FYE Dec 2019	10.2	+0.5pp	Cons. · IFRS
FYE Dec 2020	6.4	−3.8pp	Cons. · IFRS
FYE Dec 2021	12.7	+6.2pp	Cons. · IFRS
FYE Dec 2022	7.6	−5.1pp	Cons. · IFRS
FYE Dec 2023	9.2	+1.6pp	Cons. · IFRS
FYE Dec 2024	8.5	−0.7pp	Cons. · IFRS
FYE Dec 2025	10.3	+1.8pp	Cons. · IFRS

Definition: What the shareholders' capital earns
Formula: Net profit ÷ equity
Source: Securities report (XBRL)

ROA return on assets

FYE Dec 2025 5.3%

Average · 10 yrs 4.2%

Fiscal year	ROA %	YoY	Basis
FYE Dec 2016	2.1	n/a	Cons. · Japanese GAAP
FYE Dec 2017	3.8	moved to IFRS	Cons. · IFRS
FYE Dec 2018	4.2	+0.4pp	Cons. · IFRS
FYE Dec 2019	4.6	+0.5pp	Cons. · IFRS
FYE Dec 2020	3.1	−1.6pp	Cons. · IFRS
FYE Dec 2021	6.6	+3.6pp	Cons. · IFRS
FYE Dec 2022	4.0	−2.7pp	Cons. · IFRS
FYE Dec 2023	4.2	+0.2pp	Cons. · IFRS
FYE Dec 2024	4.3	+0.1pp	Cons. · IFRS
FYE Dec 2025	5.3	+1.0pp	Cons. · IFRS

Definition: What the whole balance sheet earns
Formula: Net profit ÷ total assets
Source: Securities report (XBRL)

Asset turnover

FYE Dec 2025 0.62×

CAGR · 10 yrs −0.7%

Fiscal year	Asset turnover ×	YoY	Basis
FYE Dec 2016	0.66	n/a	Cons. · Japanese GAAP
FYE Dec 2017	0.70	moved to IFRS	Cons. · IFRS
FYE Dec 2018	0.76	+9.2%	Cons. · IFRS
FYE Dec 2019	0.72	−5.7%	Cons. · IFRS
FYE Dec 2020	0.64	−10.6%	Cons. · IFRS
FYE Dec 2021	0.68	+6.3%	Cons. · IFRS
FYE Dec 2022	0.75	+9.8%	Cons. · IFRS
FYE Dec 2023	0.62	−17.6%	Cons. · IFRS
FYE Dec 2024	0.63	+2.5%	Cons. · IFRS
FYE Dec 2025	0.62	−2.0%	Cons. · IFRS

Definition: How much revenue each yen of assets produces
Formula: Revenue ÷ total assets
Source: Securities report (XBRL)

Cash flow statement Cash from operations, investment and financing, and what is left on hand

The three cash flows

¥ bn

Operating CF Investing CF Financing CF

Cash against debt

¥ bn

Cash and equivalents Interest-bearing debt Net cash

Operating cash flow

FYE Dec 2025 ¥136bn

CAGR · 10 yrs +6.7%

Fiscal year	Operating cash flow ¥ bn	YoY	Basis
FYE Dec 2016	75.4	n/a	Cons. · Japanese GAAP
FYE Dec 2017	59.6	moved to IFRS	Cons. · IFRS
FYE Dec 2018	82.8	+38.9%	Cons. · IFRS
FYE Dec 2019	75.4	−9.0%	Cons. · IFRS
FYE Dec 2020	78.3	+3.9%	Cons. · IFRS
FYE Dec 2021	68.3	−12.8%	Cons. · IFRS
FYE Dec 2022	39.2	−42.6%	Cons. · IFRS
FYE Dec 2023	160	+307.2%	Cons. · IFRS
FYE Dec 2024	94.5	−40.8%	Cons. · IFRS
FYE Dec 2025	136	+43.5%	Cons. · IFRS

Definition: Cash the business itself generated
Formula: Cash flow from operating activities
Source: Securities report (XBRL)

Investing cash flow

FYE Dec 2025 -¥241bn

Average · 10 yrs -¥95bn

Fiscal year	Investing cash flow ¥ bn	YoY	Basis
FYE Dec 2016	-166	n/a	Cons. · Japanese GAAP
FYE Dec 2017	-29.6	moved to IFRS	Cons. · IFRS
FYE Dec 2018	-43.1	n/a	Cons. · IFRS
FYE Dec 2019	-43.6	n/a	Cons. · IFRS
FYE Dec 2020	-27.9	n/a	Cons. · IFRS
FYE Dec 2021	-4.5	n/a	Cons. · IFRS
FYE Dec 2022	-46.4	n/a	Cons. · IFRS
FYE Dec 2023	-344	n/a	Cons. · IFRS
FYE Dec 2024	-1.4	n/a	Cons. · IFRS
FYE Dec 2025	-241	n/a	Cons. · IFRS

Definition: Cash spent on, or released by, investment
Formula: Cash flow from investing activities
Source: Securities report (XBRL)

Financing cash flow

FYE Dec 2025 ¥68bn

CAGR · 10 yrs −4.2%

Fiscal year	Financing cash flow ¥ bn	YoY	Basis
FYE Dec 2016	100	n/a	Cons. · Japanese GAAP
FYE Dec 2017	-27.4	moved to IFRS	Cons. · IFRS
FYE Dec 2018	-64.9	n/a	Cons. · IFRS
FYE Dec 2019	-35.5	n/a	Cons. · IFRS
FYE Dec 2020	-46.6	n/a	Cons. · IFRS
FYE Dec 2021	-55.2	n/a	Cons. · IFRS
FYE Dec 2022	35.2	n/a	Cons. · IFRS
FYE Dec 2023	206	+485.0%	Cons. · IFRS
FYE Dec 2024	-63.2	−130.7%	Cons. · IFRS
FYE Dec 2025	68.3	n/a	Cons. · IFRS

Definition: Cash raised from, or returned to, lenders and shareholders
Formula: Cash flow from financing activities
Source: Securities report (XBRL)

Cash and equivalents

FYE Dec 2025 ¥107bn

CAGR · 10 yrs +7.8%

Fiscal year	Cash and equivalents ¥ bn	YoY	Basis
FYE Dec 2016	54.8	n/a	Cons. · Japanese GAAP
FYE Dec 2017	58.1	moved to IFRS	Cons. · IFRS
FYE Dec 2018	58.3	+0.3%	Cons. · IFRS
FYE Dec 2019	31.7	−45.6%	Cons. · IFRS
FYE Dec 2020	27.9	−12.1%	Cons. · IFRS
FYE Dec 2021	42.5	+52.4%	Cons. · IFRS
FYE Dec 2022	75.6	+77.7%	Cons. · IFRS
FYE Dec 2023	97.6	+29.2%	Cons. · IFRS
FYE Dec 2024	136	+39.5%	Cons. · IFRS
FYE Dec 2025	107	−21.2%	Cons. · IFRS

Definition: Cash on hand at the year end
Formula: Closing balance in the cash flow statement
Source: Securities report (XBRL)

Free cash flow

FYE Dec 2025 -¥106bn

Average · 10 yrs -¥7.9bn

Fiscal year	FCF ¥ bn	YoY	Basis
FYE Dec 2016	-91.1	n/a	Cons. · Japanese GAAP
FYE Dec 2017	30.0	moved to IFRS	Cons. · IFRS
FYE Dec 2018	39.7	+32.3%	Cons. · IFRS
FYE Dec 2019	31.7	−20.0%	Cons. · IFRS
FYE Dec 2020	50.4	+58.9%	Cons. · IFRS
FYE Dec 2021	63.8	+26.6%	Cons. · IFRS
FYE Dec 2022	-7.1	−111.2%	Cons. · IFRS
FYE Dec 2023	-184	n/a	Cons. · IFRS
FYE Dec 2024	93.1	n/a	Cons. · IFRS
FYE Dec 2025	-106	−213.5%	Cons. · IFRS

Definition: What is left once the business has paid for its own investment
Formula: Operating cash flow + investing cash flow
Source: Securities report (XBRL)

Operating cash flow margin

FYE Dec 2025 11.0%

Average · 10 yrs 11.1%

Fiscal year	OCF margin %	YoY	Basis
FYE Dec 2016	12.6	n/a	Cons. · Japanese GAAP
FYE Dec 2017	9.2	moved to IFRS	Cons. · IFRS
FYE Dec 2018	12.7	+3.5pp	Cons. · IFRS
FYE Dec 2019	11.6	−1.1pp	Cons. · IFRS
FYE Dec 2020	14.2	+2.6pp	Cons. · IFRS
FYE Dec 2021	10.2	−4.0pp	Cons. · IFRS
FYE Dec 2022	4.6	−5.6pp	Cons. · IFRS
FYE Dec 2023	16.2	+11.7pp	Cons. · IFRS
FYE Dec 2024	8.6	−7.6pp	Cons. · IFRS
FYE Dec 2025	11.0	+2.4pp	Cons. · IFRS

Definition: How much of the revenue turned into cash
Formula: Operating cash flow ÷ revenue
Source: Securities report (XBRL)

Net cash

FYE Dec 2025 -¥428bn

Average · 10 yrs -¥248bn

Fiscal year	Net cash ¥ bn	YoY	Basis
FYE Dec 2016	-232	n/a	Cons. · Japanese GAAP
FYE Dec 2017	-257	moved to IFRS	Cons. · IFRS
FYE Dec 2018	-202	n/a	Cons. · IFRS
FYE Dec 2019	-208	n/a	Cons. · IFRS
FYE Dec 2020	-180	n/a	Cons. · IFRS
FYE Dec 2021	-135	n/a	Cons. · IFRS
FYE Dec 2022	-163	n/a	Cons. · IFRS
FYE Dec 2023	-372	n/a	Cons. · IFRS
FYE Dec 2024	-302	n/a	Cons. · IFRS
FYE Dec 2025	-428	n/a	Cons. · IFRS

Definition: Cash on hand once the borrowings are paid off
Formula: Cash and equivalents − interest-bearing debt
Source: Securities report (XBRL)

Shares and share price Shares outstanding, price, market capitalisation and the valuation multiples

Market capitalisation

FYE Dec 2025 ¥1.00tn

Change · 10 yrs +¥646bn

Fiscal year	Market capitalisation ¥ bn	Basis
FYE Dec 2016	355	n/a
FYE Dec 2017	468	n/a
FYE Dec 2018	350	n/a
FYE Dec 2019	361	n/a
FYE Dec 2020	260	n/a
FYE Dec 2021	312	n/a
FYE Dec 2022	349	n/a
FYE Dec 2023	548	n/a
FYE Dec 2024	577	n/a
FYE Dec 2025	1,001	n/a

Definition: What the market says the company is worth
Formula: Year-end share price × shares outstanding
Source: Securities report (XBRL)

Share price year-end close

FYE Dec 2025 6,017¥

Change · 10 yrs +3,921¥

Fiscal year	Share price ¥	Basis
FYE Dec 2016	2,096	n/a
FYE Dec 2017	2,762	n/a
FYE Dec 2018	2,066	n/a
FYE Dec 2019	2,132	n/a
FYE Dec 2020	1,534	n/a
FYE Dec 2021	1,842	n/a
FYE Dec 2022	2,059	n/a
FYE Dec 2023	3,233	n/a
FYE Dec 2024	3,401	n/a
FYE Dec 2025	6,017	n/a

Definition: The closing price on the last day of the fiscal year
Formula: Year-end closing price
Source: Securities report (XBRL)

Shares outstanding

FYE Dec 2025 166,396,000shares

Change · 10 yrs −3,153,000 shares

Fiscal year	Shares outstanding shares	Basis
FYE Dec 2016	169,549,000	Parent
FYE Dec 2017	169,549,000	Parent
FYE Dec 2018	169,549,000	Parent
FYE Dec 2019	169,549,000	Parent
FYE Dec 2020	169,549,000	Parent
FYE Dec 2021	169,549,000	Parent
FYE Dec 2022	169,549,000	Parent
FYE Dec 2023	169,549,000	Parent
FYE Dec 2024	169,549,000	Parent
FYE Dec 2025	166,396,000	Parent

Definition: How many shares exist
Formula: Shares issued, from the key figures of the filing
Source: Securities report (XBRL)

EPS earnings per share

FYE Dec 2025 668.55¥

Change · 10 yrs +610.16¥

Fiscal year	EPS ¥	Basis
FYE Dec 2016	58.39	Cons.
FYE Dec 2017	249.32	Cons.
FYE Dec 2018	222.12	Cons.
FYE Dec 2019	261.61	Cons.
FYE Dec 2020	164.09	Cons.
FYE Dec 2021	408.47	Cons.
FYE Dec 2022	286.38	Cons.
FYE Dec 2023	419.32	Cons.
FYE Dec 2024	467.81	Cons.
FYE Dec 2025	668.55	Cons.

Definition: Net profit for each share
Formula: Net profit ÷ average shares outstanding
Source: Securities report (XBRL)

BPS book value per share

FYE Dec 2025 6,138.80¥

Change · 10 yrs +4,081.86¥

Fiscal year	BPS ¥	Basis
FYE Dec 2016	2,056.94	Cons. · Japanese GAAP
FYE Dec 2017	2,311.67	Cons. · IFRS
FYE Dec 2018	2,156.62	Cons. · IFRS
FYE Dec 2019	2,418.82	Cons. · IFRS
FYE Dec 2020	2,407.76	Cons. · IFRS
FYE Dec 2021	3,053.19	Cons. · IFRS
FYE Dec 2022	3,572.57	Cons. · IFRS
FYE Dec 2023	4,307.51	Cons. · IFRS
FYE Dec 2024	5,213.41	Cons. · IFRS
FYE Dec 2025	6,138.80	Cons. · IFRS

Definition: Equity behind each share
Formula: Equity ÷ shares outstanding
Source: Securities report (XBRL)

PER price-to-earnings ratio

FYE Dec 2025 9.00×

Average · 10 yrs 10.95×

Fiscal year	PER ×	Basis
FYE Dec 2016	35.90	Cons.
FYE Dec 2017	11.08	Cons.
FYE Dec 2018	9.30	Cons.
FYE Dec 2019	8.15	Cons.
FYE Dec 2020	9.35	Cons.
FYE Dec 2021	4.51	Cons.
FYE Dec 2022	7.19	Cons.
FYE Dec 2023	7.71	Cons.
FYE Dec 2024	7.27	Cons.
FYE Dec 2025	9.00	Cons.

Definition: How many years of earnings the price stands for
Formula: Year-end price ÷ EPS
Source: Securities report (XBRL)

PBR price-to-book ratio

FYE Dec 2025 0.92×

Average · 10 yrs 0.78×

Fiscal year	PBR ×	Basis
FYE Dec 2016	0.99	Cons.
FYE Dec 2017	1.17	Cons.
FYE Dec 2018	0.89	Cons.
FYE Dec 2019	0.82	Cons.
FYE Dec 2020	0.59	Cons.
FYE Dec 2021	0.56	Cons.
FYE Dec 2022	0.54	Cons.
FYE Dec 2023	0.70	Cons.
FYE Dec 2024	0.61	Cons.
FYE Dec 2025	0.92	Cons.

Definition: The price measured against the book value behind it
Formula: Year-end price ÷ BPS
Source: Securities report (XBRL)

Workforce and productivity Headcount, pay and what each employee accounts for

Group employees

FYE Dec 2025 34,471people

Change · 10 yrs +9,861 people

Fiscal year	Group employees people	YoY	Basis
FYE Dec 2016	24,610	n/a	Cons.
FYE Dec 2017	25,439	+3.4%	Cons.
FYE Dec 2018	25,439	−0.0%	Cons.
FYE Dec 2019	27,428	+7.8%	Cons.
FYE Dec 2020	27,252	−0.6%	Cons.
FYE Dec 2021	27,222	−0.1%	Cons.
FYE Dec 2022	28,468	+4.6%	Cons.
FYE Dec 2023	33,617	+18.1%	Cons.
FYE Dec 2024	34,198	+1.7%	Cons.
FYE Dec 2025	34,471	+0.8%	Cons.

Definition: Everyone employed across the group
Formula: Consolidated headcount, from the employee section of the filing
Source: Securities report (XBRL)

Parent-company employees

FYE Dec 2025 5,559people

Change · 10 yrs +317 people

Fiscal year	Parent-company employees people	YoY	Basis
FYE Dec 2016	5,242	n/a	Parent
FYE Dec 2017	5,245	+0.1%	Parent
FYE Dec 2018	5,473	+4.3%	Parent
FYE Dec 2019	5,543	+1.3%	Parent
FYE Dec 2020	5,574	+0.6%	Parent
FYE Dec 2021	5,257	−5.7%	Parent
FYE Dec 2022	5,399	+2.7%	Parent
FYE Dec 2023	5,480	+1.5%	Parent
FYE Dec 2024	5,562	+1.5%	Parent
FYE Dec 2025	5,559	−0.1%	Parent

Definition: Employees of the filing company itself
Formula: Parent-only headcount, from the employee section of the filing
Source: Securities report (XBRL)

Average annual pay parent company

FYE Dec 2025 ¥6.9m

Change · 10 yrs +¥0.8m

Fiscal year	Average annual pay ¥ m	YoY	Basis
FYE Dec 2016	6.1	n/a	Parent
FYE Dec 2017	6.2	+0.6%	Parent
FYE Dec 2018	6.3	+1.1%	Parent
FYE Dec 2019	6.2	−0.2%	Parent
FYE Dec 2020	6.1	−3.0%	Parent
FYE Dec 2021	6.3	+4.2%	Parent
FYE Dec 2022	6.4	+2.1%	Parent
FYE Dec 2023	6.4	−0.5%	Parent
FYE Dec 2024	6.6	+3.6%	Parent
FYE Dec 2025	6.9	+4.2%	Parent

Definition: Average total annual compensation, bonuses included
Formula: Average annual pay, from the employee section of the filing
Source: Securities report (XBRL)

Average age

FYE Dec 2025 41.1years

Change · 7 yrs +2.0 years

Fiscal year	Average age years	YoY	Basis
FYE Dec 2016	n/a	n/a	Parent
FYE Dec 2017	n/a	n/a	Parent
FYE Dec 2018	n/a	n/a	Parent
FYE Dec 2019	39.1	n/a	Parent
FYE Dec 2020	40.0	+2.3%	Parent
FYE Dec 2021	41.0	+2.5%	Parent
FYE Dec 2022	41.0	−0.0%	Parent
FYE Dec 2023	41.0	−0.0%	Parent
FYE Dec 2024	41.1	+0.2%	Parent
FYE Dec 2025	41.1	−0.0%	Parent

Definition: Average age of the parent company's employees
Formula: Average age, from the employee section of the filing
Source: Securities report (XBRL)

Average length of service

FYE Dec 2025 17.4years

Change · 10 yrs +2.0 years

Fiscal year	Average length of service years	YoY	Basis
FYE Dec 2016	15.4	n/a	Parent
FYE Dec 2017	15.7	+1.9%	Parent
FYE Dec 2018	15.8	+0.6%	Parent
FYE Dec 2019	16.2	+2.5%	Parent
FYE Dec 2020	16.7	+3.1%	Parent
FYE Dec 2021	17.4	+4.2%	Parent
FYE Dec 2022	17.3	−0.6%	Parent
FYE Dec 2023	17.2	−0.6%	Parent
FYE Dec 2024	17.3	+0.6%	Parent
FYE Dec 2025	17.4	+0.6%	Parent

Definition: How long the average employee has been with the company
Formula: Average years of service, from the employee section of the filing
Source: Securities report (XBRL)

Revenue per employee

FYE Dec 2025 ¥35.8m

Change · 10 yrs +¥11.6m

Fiscal year	Revenue per employee ¥ m	YoY	Basis
FYE Dec 2016	24.2	n/a	Cons.
FYE Dec 2017	25.4	n/a	Cons.
FYE Dec 2018	25.6	+0.6%	Cons.
FYE Dec 2019	23.7	−7.2%	Cons.
FYE Dec 2020	20.2	−14.7%	Cons.
FYE Dec 2021	24.6	+21.9%	Cons.
FYE Dec 2022	30.2	+22.7%	Cons.
FYE Dec 2023	29.3	−3.0%	Cons.
FYE Dec 2024	32.0	+9.2%	Cons.
FYE Dec 2025	35.8	+11.9%	Cons.

Definition: What each employee accounts for in revenue
Formula: Revenue ÷ group employees
Source: Securities report (XBRL)

Operating profit per employee

FYE Dec 2025 ¥4.4m

Change · 10 yrs +¥2.7m

Fiscal year	OP per employee ¥ m	YoY	Basis
FYE Dec 2016	1.7	n/a	Cons.
FYE Dec 2017	2.1	n/a	Cons.
FYE Dec 2018	2.1	−1.4%	Cons.
FYE Dec 2019	2.1	+1.6%	Cons.
FYE Dec 2020	1.3	−38.2%	Cons.
FYE Dec 2021	3.1	+132.6%	Cons.
FYE Dec 2022	2.4	−21.3%	Cons.
FYE Dec 2023	3.0	+23.4%	Cons.
FYE Dec 2024	3.5	+16.7%	Cons.
FYE Dec 2025	4.4	+27.3%	Cons.

Definition: What each employee accounts for in operating profit
Formula: Operating profit ÷ group employees
Source: Securities report (XBRL)

Disclaimer

Figures are reproduced as filed and are not restated: a change of accounting standard or of consolidation basis moves the series without anything happening to the business. Where that happened, the table says so in place of the year-on-year figure.
Ratios and per-employee figures are computed from the filed lines rather than taken from the filing, and use year-end balances rather than averages.

Accuracy, liability, reuse and privacy — the full disclaimer →

Data API

Yokohama Rubber’s history, presidents and financials are published as static JSON — no key, plain GET. One API per public page, and one per section where a page carries several tables. Full specification →

/api/5101/company.json ·/api/5101/history.json ·/api/5101/ceo.json ·/api/5101/financials.json ·/api/5101/financials/segment.json ·/api/5101/financials/pl.json ·/api/5101/financials/cf.json ·/api/5101/financials/bs.json ·/api/5101/financials/employee.json ·/api/5101/financials/stock.json ·/api/5101/financials.csv ·/api/5101/financials_history.csv

/api/companies.json ·/api/decisions.json ·/api/api-manifest.json