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.
Prometeon Displays Serie 02 Tyres At Agritechnica 2025
- By TT News
- November 12, 2025
Prometeon Tyre Group, a leading company in the commercial, agricultural and OTR tyre sectors, is displaying its advanced Serie 02 radial tyres at the ongoing Agritechnica 2025, the world’s largest trade fair for agricultural machinery, which is being held in Hannover, Germany, from 9 to 15 November 2025. The company is featuring its AT02 model, a key part of its agricultural line, within the Sindipeças exhibit, a Brazilian automotive components association. This highlights a natural link to Brazil, where Prometeon manufactures these tyres at its Gravataí and Santo André facilities.
The Serie 02 range, designed for tractors (AT02), harvesters (H02) and sprayers (SX02), incorporates significant technological advancements. Its design includes reinforced lugs and an optimised tread that enhance traction and self-cleaning while reducing fuel consumption. The radial structure utilises advanced polymers to create a larger footprint, which improves load distribution, minimises soil compaction and boosts overall productivity. Built for durability, these tyres offer excellent resistance to cuts, chipping and wear. Their versatility ensures reliable performance across diverse terrains and conditions, including road travel, where they provide safety, comfort and dependable handling.
Dario Gotti, Global Head of OE and Agro Business at Prometeon, said, “Our established presence in the LATAM market has made us a benchmark in terms of performance and brand awareness in the agricultural tyre sector. Prometeon’s strategy is to extend this leadership globally, as we have already done in the Truck & Bus Radial tyres segment. In this context, Agritechnica represents an important opportunity for us to meet key customers and OEMs, with whom we have longstanding partnerships. The agricultural tyre business requires a high level of expertise, both in research and development and in manufacturing processes – elements that are core to Prometeon and allow us to play a leading role in the international market.”
Igor Zucato, Global Head of Agro R&D at Prometeon, said, “The new Serie 02 product line for the Agro business represents the culmination of our research in terms of efficiency, sustainability and performance. Every component – from the radial structure to the material compounds – has been designed to meet the needs of an increasingly technological and productivity-driven sector. Our goal is to provide operators with solutions that enhance agricultural work while reducing fuel consumption and the environmental impact.”
Making a powerful debut at the 2025 SEMA Show in Las Vegas, Doublestar Tire captivated the global automotive industry with a display of innovative products. This premier event for customisation and accessories, which attracts top enterprises and professionals from over 130 countries, served as the ideal platform for the company to demonstrate Chinese manufacturing and technological advancement. Doublestar’s booth, emphasising high performance and green technology, became a central hub for visiting partners and industry experts.
The company’s strategy was precisely tailored to the specific demands of the American market, focusing on tyres for popular pickup trucks and SUVs used for long-distance highway travel. Key products included the Wildpuma AT10, noted for its exceptional wet grip and stable handling, and the durable, wear-resistant TBR tyre DLS918, designed for extended mileage. The vibrant on-site response saw numerous clients expressing strong collaborative interest, with Doublestar affirming its commitment to deepening its market presence in the United States.
Beyond simply meeting existing market needs, this successful appearance at SEMA proved Doublestar’s advanced capability to proactively identify and co-develop products that create new customer demand. The event ultimately served as a definitive demonstration of the brand's strength and its readiness to compete directly with leading international tire manufacturers on the global stage.
Continental Opens New Premium Tyre Dealership In Indore
- By TT News
- November 11, 2025
German tyre major Continental Tires has inaugurated a new Continental Premium Drive (CPD) dealership in Indore, Madhya Pradesh. The new outlet, operated by Tyre Tune Up, strengthens Continental’s retail presence in central India.
The new CPD store, spread across 3,000 sqft, is located in Mechanic Nagar, Indore. It is designed as a one-stop destination offering Continental’s premium tyre portfolio alongside advanced services such as computerised wheel alignment, precision wheel balancing, nitrogen inflation and premium alloy wheels.
Indore was chosen for its status as a commercial and cultural hub with an expanding vehicle base, aligning with Continental’s expansion strategy. Tyre Tune Up has been a part of Indore’s automotive journey since 1956.
Samir Gupta, Managing Director, Continental Tires India, said, “With this new CPD store in Indore, we are bringing Continental’s promise of safety, innovation, and driving comfort closer to customers in Madhya Pradesh. India is a key growth market for us, and through our ‘In the Market, For the Market’ approach, we continue to expand our retail network and strengthen customer connections across the country.”
Rafique Khan, Owner of Tyre Tune Up, said, “Tyre Tune Up has been a part of Indore’s automotive journey since 1956, and our partnership with Continental allows us to deliver global standards of quality locally. This CPD outlet will not only provide premium products but also ensure a seamless service experience that our customers have come to expect over the decades.”
Continental recently announced a strategic investment of approximately INR 1 billion in India to strengthen and expand its Passenger and Light Trucks business in the country.
Steelastic Appoints Evan Soerjaatmadja As official agent In Indonesia
- By TT News
- November 11, 2025
Steelastic LLC, part of the HEICO Companies, has officially announced a new strategic partnership with PT Pelita Esa for Indonesia. In this capacity, the company has welcomed Evan Soerjaatmadja as its official agent for the region.
With over 15 years of experience in the tyre industry, Soerjaatmadja is a respected professional known for his work with PT Pelita Esa Wanua and his representation of Bartell, a member of the HEICO Group. He will now collaborate closely with Hemant Agrawal, Steelastic’s Business Development Manager, to bolster customer support and strengthen the company's market presence throughout South Asia. Steelastic anticipates that this partnership will yield substantial new opportunities for its customer base.
The company statement read: “Going forward, Soerjaatmadja will work closely with Hemant Agrawal, Steelastic’s Business Development Manager, to enhance customer support and strengthen Steelastic’s presence across South Asia. We look forward to this partnership and the new opportunities it will create for our valued customers.”
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