Yokohama Rubber posted record-high business and financial results for the first nine months of fiscal 2024, driven by substantial revenue and profitability growth across its key business segments.

The company reported a 13.1 percent increase in sales revenue from the same period last year, reaching USD 5022 million. Business profit rose 69.6 percent to USD 535 million, operating profit increased 63.8 percent to USD 551 million, and profit attributable to the parent company’s owners climbed 36.5 percent to USD 390 million.

The Group’s business profit margin also reached 10.7 percent, its highest level ever for this time frame.

Yokohama Rubber attributed this robust growth to efforts to expand sales volume, implement product price increases and optimise the product mix. A full-year contribution from Y-TWS and the positive impact of yen depreciation further supported the performance.

Segment Results

Tyre Business: Sales in the tyre segment reached USD 4498 million, a significant increase from USD 3931 million in the same period last year. Business profit for the segment surged to USD 505 million, up from USD 287 million. Growth was driven by higher sales volume, favourable product mix and effective price increases in response to raw material costs.

Yokohama Off-Highway Tires (YOHT: YOHT recorded sales of USD 684 million, up from USD 632 million in 2023, while business profit rose to USD 81.45 million, compared to USD 76.3 million the previous year. The segment benefited from strong demand in the agricultural and industrial tyre markets, particularly in overseas markets.

Yokohama Tire & Wheel Solutions (Y-TWS): Sales in Y-TWS totaled USD 737 million, a substantial increase from USD 432 million in 2023. Business profit came in at USD 46.81 million, reversing a loss of USD 7.05 in the prior year. The improvement reflects strong sales of speciality tyres and positive impacts from structural changes and efficiency improvements.

Yokohama Rubber’s CEO emphasised the company’s ongoing focus on strategic growth initiatives, including high-margin products and global market expansion. The results underscore Yokohama Rubber’s resilience and adaptability in a challenging economic environment.

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Comerio Ercole recently attended three major international trade fairs, namely the Indian Rubber Expo, Chinaplas and Techtextil. These events allowed the company to present its calendering solutions while reconnecting with longstanding partners and new potential clients across various markets. The strong interest recorded at each fair facilitated valuable discussions and provided clear insights into current industry trends and evolving customer requirements.

A significant achievement during this period was receiving the Industry Pioneer Award at Chinaplas, jointly presented by Adsale Plastics Network and the fair organisers. This recognition was granted specifically for Comerio Ercole’s calendering lines designed for PVC film, honouring the company’s innovation, technical expertise and ongoing technological development.

On 15 April 2026, during National Made in Italy Day in Rome, the Italian Ministry of Enterprises and Made in Italy officially recognised 1,000 Historical Brands of National Interest. As a proud member of this exclusive registry, Comerio Ercole participated in the institutional event, reaffirming its role in strengthening the global reputation of Made in Italy. The company stands as a testament to how tradition and Italian heritage can seamlessly integrate with the demands of today’s market.

Beyond its industrial and commercial activities, Comerio Ercole has demonstrated a broader commitment to social responsibility and sustainable innovation. It donated 10 mountain bikes to the LIUC University Residence in Castellanza to support student mobility and encourage an eco-friendly lifestyle. Furthermore, the company received a national award at the 13th edition of the Premio Impresa Ambiente in the category ‘Best Process/Technology for Sustainable Development’ for its LOGOS devulcanisation system, which transforms rubber waste and end-of-life tyres into recycled compounds comparable to virgin materials while reducing emissions. This recognition affirms that industrial excellence and environmental responsibility can advance together.

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Tegeta Green Planet recently visited the Georgian-American School in Batumi to mark Earth Day, where a presentation on specific waste management was held for fifth and sixth grade students. The meeting was conducted in an interactive format and included a variety of activities, enabling students to better understand environmental responsibility and the importance of proper waste handling.

Students actively participated in discussions, answered questions and engaged in practical tasks, gaining knowledge they can apply in everyday life about treating the environment responsibly and transforming waste into a resource. At the end of the activity, participants received certificates and symbolic gifts for their engagement, which further boosted their motivation and positive experience.

Established under the corporate social responsibility framework of Tegeta Holding, Tegeta Green Planet aims to raise environmental awareness in society and encourage sustainable behaviour. The organisation’s team actively collaborates with educational institutions by visiting schools and delivering informative presentations, interactive activities and engaging games that help students understand environmental protection through practical examples.

The main goal of the initiative is to raise environmental awareness among the younger generation and develop skills that will help them become more responsible citizens in the future. This activity is part of a broader educational campaign through which Tegeta Green Planet will gradually visit schools across different regions of Georgia.

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The Automotive Tyre Manufacturers’ Association (ATMA) has called on the Government of India to introduce customs duty relief on critical raw materials due to supply chain instability from the West Asia crisis. ATMA acknowledged the government’s temporary duty exemption on synthetic rubber and certain resins until June 2026 as a constructive step.

Despite this, ATMA noted that inputs like tyre cord fabric, bead wire, steel cord, carbon black, processing oils and petrochemical chemicals still attract high import duties during price volatility and supply constraints. Crude-linked inputs account for up to 70 percent of raw material costs, with volatile crude prices and stressed shipping routes raising costs, delaying shipments and increasing freight and insurance premiums.

ATMA also highlighted bead wire shortages caused by domestic industrial gas and LPG issues, requesting a temporary waiver from Quality Control Order requirements for imports. The association sought sulphur supplies for tyre manufacturers and urged refineries to sustain process oils while shifting towards high-value materials like Neodymium Polybutadiene Rubber.

ATMA warned that raw material disruptions could affect farm and logistics tyre supplies. The association reaffirmed support for Make in India and self-reliance, stressing continued government-industry dialogue to protect original equipment manufacturers, transporters, farmers and consumers.

Arun Mammen, Chairman, ATMA, said, "We appreciate the Government’s timely support. However, given continued global uncertainties, extending duty relief to other critical raw materials is essential to maintain production stability and cost competitiveness."

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Formula 1 and Mumbai Falcons Racing Limited have unveiled India’s first official F1 Sim Racing Championship, marking a milestone for motorsport in the country. Under an agreement granting Mumbai Falcons rights to host an F1 sanctioned virtual competition, the F1 Sim Racing India Open 2026 establishes a national platform for emerging talent. The championship creates a structured transition from simulated to professional motorsport, offering young drivers a credible entry point. This marks the first time Formula 1 has introduced such a program exclusively for India.

The announcement arrives amid growing momentum to bring Formula 1 back to India and rising fan engagement. With esports now recognised under the Promotion and Regulation of Online Gaming Act of 2025, the championship connects the country to Formula 1’s global driver pathway, tapping into an expanding motorsport ecosystem.

The competition will be conducted on F1 25, the official game of the FIA Formula 1 World Championship, featuring identical circuits, formats, and liveries as the global series. Registrations open 30 April 2026 on the MFRL App. Participants can compete via PC, PlayStation 5 and Xbox. Online qualifiers will lead to city-based simulator rounds, culminating in a national final in Mumbai in November.

Mumbai Falcons has previously supported the early careers of drivers who reached motorsport’s pinnacle, including Jehan Daruvala, Kush Maini, Arthur Leclerc, Dino Beganovic, Sebastian Montoya, Rafael Camara, James Wharton, Freddie Slater, Kean Nakamura Berta, Oleksandr Bondarev, Kimi Antonelli, Arvid Lindblad and Oliver Bearman. This proven foundation positions Mumbai Falcons to deliver India’s first scalable motorsport pipeline.

Narain Karthikeyan, India's first Formula 1 Driver, said, “India has long been central to global growth story of Formula 1. With 78.8 million fans and a generation raised on F1 gaming, the time is right to introduce an official, competitive Sim Racing Championship here. Mumbai Falcons are the ideal partner, having invested years in building India’s motorsport pipeline. This initiative is unique, globally exclusive and will set a new benchmark for talent development.”

Ameet Gadhoke, Managing Director, Mumbai Falcons Racing Limited, said, “When we founded Mumbai Falcons in 2019, our ambition was to place India firmly on the global motorsport map and build a pipeline for world-class talent. Mumbai Falcons became the first Indian team to win an FIA-accredited international racing Championship. We have also supported the early careers of future Formula 1 stars. Partnering with Formula 1 to bring the F1 Sim Racing India Open 2026 to life is yet another significant initiative in that direction.”

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