5101
The Yokohama Rubber Company,Limited
横浜ゴム株式会社
Rubber Products
The Yokohama Rubber Company, Limited engages in the tire business in Japan, the United States, India, China, the Philippines, Europe and internationally. It operates through Tires and M.B. segments. The company offers tires for passenger cars, trucks and buses, light trucks, mining and construction equipment, industrial vehicles and agricultural and forestry machinery, aluminum alloy wheels, and automobile-related components. It also provides conveyor belts, rubber plates, various hoses, marine fenders, oil spill containment booms, marine hoses, rubber molded products, air springs, and aerospace products, as well as golf-related products and information processing services. The company was incorporated in 1917 and is headquartered in Hiratsuka, Japan.
Price
¥7,179
Market Cap
¥1.1T
Ent. Value
¥1.6T
Net Debt
−¥428.4B
Shares Out.
157.7M
P / E
10.7×
EV / EBIT
2.6×
P / Book
—
P / NCAV
N/M
Div. Yield
1.87%
Financials
| Metric |
FY 2026
TDnet |
FY 2025
EDINET ↗ |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
|---|---|---|---|---|---|
| Net Sales | — | ¥1,235.0B | ¥1,094.7B | ¥985.3B | ¥860.5B |
| Cost of Sales | — | ¥788.2B | ¥705.0B | ¥659.4B | ¥572.8B |
| Gross Profit | — | ¥446.8B | ¥389.8B | ¥325.9B | ¥287.7B |
| SG&A | — | ¥280.2B | ¥255.4B | ¥226.8B | ¥217.6B |
| Operating Income | ¥610.0B | ¥152.9B | ¥119.2B | ¥100.4B | ¥68.9B |
| Non-Operating Income | — | ¥17.6B | ¥5.6B | ¥12.8B | ¥10.3B |
| Non-Operating Expenses | — | ¥13.4B | ¥9.4B | ¥7.1B | ¥7.6B |
| Pre-tax Income | — | ¥157.2B | ¥115.4B | ¥106.0B | ¥71.6B |
| Net Income (owners) | ¥90.0B | ¥105.4B | ¥74.9B | ¥67.2B | ¥45.9B |
| Minority Interest | — | ¥1.4B | ¥1.2B | ¥1.2B | ¥1.2B |
| Comprehensive Income | — | ¥161.1B | ¥175.3B | ¥137.4B | ¥101.1B |
| EBITDA | — | ¥226.5B | ¥185.3B | ¥159.8B | ¥118.8B |
| EPS | — | ¥668.55 | ¥467.81 | ¥419.32 | — |
| Shares Outstanding | — | 157.7M | 159.5M | 160.7M | 160.7M |
| Shares Issued (total) | — | 166.4M | 169.5M | 169.5M | 169.5M |
| Treasury Shares | — | 8.7M | 10.1M | 8.8M | 8.9M |
| Metric |
FY 2026
TDnet |
FY 2025
EDINET ↗ |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | — | ¥1,998.4B | ¥1,735.5B | ¥1,600.5B | ¥1,151.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | — | ¥826.2B | ¥749.7B | ¥618.1B | ¥504.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | — | ¥107.4B | ¥136.2B | ¥97.6B | ¥75.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | — | ¥1,172.2B | ¥985.8B | ¥982.4B | ¥647.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | — | ¥634.3B | ¥517.5B | ¥492.8B | ¥372.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill | — | ¥332.9B | ¥296.8B | ¥275.8B | ¥104.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | — | ¥126.4B | ¥72.5B | ¥73.0B | ¥37.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | — | ¥7.5B | ¥8.3B | ¥9.1B | ¥8.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | — | ¥958.1B | ¥831.5B | ¥851.7B | ¥528.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | — | ¥447.0B | ¥374.8B | ¥347.9B | ¥294.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | — | ¥135.2B | ¥101.5B | ¥96.1B | ¥117.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | — | ¥511.1B | ¥456.7B | ¥503.8B | ¥233.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | — | ¥400.5B | ¥336.5B | ¥373.2B | ¥121.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | — | ¥29.4B | ¥44.4B | ¥58.9B | ¥48.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | — | ¥1,040.2B | ¥904.0B | ¥748.8B | ¥623.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | — | ¥30.0B | ¥31.4B | ¥31.3B | ¥31.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | — | ¥709.4B | ¥619.7B | ¥510.0B | ¥432.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | — | ¥-15.7B | ¥-15.4B | ¥-11.6B | ¥-11.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | — | ¥268.3B | ¥219.4B | ¥171.0B | ¥123.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | — | ¥1,030.9B | ¥894.0B | ¥739.6B | ¥614.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | — | ¥9.4B | ¥10.0B | ¥9.2B | ¥8.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | — | ¥535.8B | ¥438.0B | ¥469.4B | ¥238.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | — | ¥-428.4B | ¥-301.8B | ¥-371.7B | ¥-163.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | — | ¥-132.0B | ¥-81.8B | ¥-233.6B | ¥-24.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | — | ¥-837 | ¥-513 | ¥-1,453 | ¥-149 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | — | ¥6,537 | ¥5,605 | ¥4,601 | ¥3,823 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2026
TDnet |
FY 2025
EDINET ↗ |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
|---|---|---|---|---|---|
| Operating CF | — | ¥135.6B | ¥94.5B | ¥159.7B | ¥39.2B |
| D&A | — | ¥73.6B | ¥66.2B | ¥59.5B | ¥49.9B |
| Investing CF | — | ¥-241.3B | ¥-1.4B | ¥-344.0B | ¥-46.4B |
| CapEx | — | ¥111.6B | ¥77.0B | ¥58.3B | ¥54.4B |
| Purchase Investments | — | ¥-24M | ¥-209M | ¥-612M | ¥-326M |
| Financing CF | — | ¥68.3B | ¥-63.2B | ¥205.8B | ¥35.2B |
| Free Cash Flow | — | ¥24.0B | ¥17.5B | ¥101.5B | ¥-15.1B |
| Net Change in Cash | — | ¥-28.8B | ¥38.0B | ¥22.0B | ¥33.0B |
| Metric |
FY 2026
TDnet |
FY 2025
EDINET ↗ |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
|---|---|---|---|---|---|
| ROE | — | 10.8% | 9.1% | 9.8% | 7.9% |
| ROA | — | 5.6% | 4.5% | 4.9% | 4.3% |
| EPS | — | ¥668.55 | ¥467.81 | ¥419.32 | — |
| DPS | — | ¥134.00 | ¥98.00 | ¥84.00 | ¥66.00 |
| FCF/Share | — | ¥152 | ¥110 | ¥631 | ¥-94 |
| NCAV/Share | — | ¥-837 | ¥-513 | ¥-1,453 | ¥-149 |
| Payout Ratio | — | 20.0% | 20.9% | 20.0% | — |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 37
| # | Shareholder | Shares (thou.) | % of Total |
|---|---|---|---|
| 1 |
Japan Master Trust Bank
日本マスタートラスト信託銀行株式会社(信託口)
|
29,993 | 19.01% |
| 2 |
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
|
25,023 | 15.86% |
| 3 |
Asahi Mutual Life Insurance
朝日生命保険相互会社
|
10,905 | 6.91% |
| 4 |
Mizuho Bank
株式会社みずほ銀行
|
6,001 | 3.80% |
| 5 |
Nomura Trust & Banking
野村信託銀行株式会社(投信口)
|
2,697 | 1.71% |
| 6 |
SMBC Nikko Securities
SMBC日興証券株式会社
|
2,523 | 1.60% |
| 7 |
The Bank of Yokohama
株式会社横浜銀行
|
2,499 | 1.58% |
| 8 | JPモルガン証券株式会社 | 2,223 | 1.40% |
| 9 |
Business Partner Stock Ownership Plan
横浜ゴム取引先持株会
|
2,216 | 1.40% |
| 10 |
Dai-ichi Life Insurance
第一生命保険株式会社
|
1,924 | 1.22% |
as of 2025-12-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
34.9%
+3.7% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.0%
+0.0% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
19.6%
-0.5% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 54.5% · grey = other shareholders · 2025
| Shareholder | Trend | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Japan Master Trust Bank 日本マスタートラスト信託銀行 | 17.85% | 17.30% | 19.01% +1.71% | |
| Japan Custody Bank 日本カストディ銀行 | 12.91% | 13.88% | 15.86% +1.98% | |
| Asahi Mutual Life Insurance 朝日生命保険相互会社 | 6.78% | 6.83% | 6.91% +0.08% | |
| Mizuho Bank みずほ銀行 | 3.81% | 3.82% | 3.80% -0.02% | |
| Nomura Trust & Banking 野村信託銀行株式会社(投信口) | 2.04% | 1.81% | 1.71% -0.10% | |
| SMBC Nikko Securities SMBC日興証券 ↑ | — | 1.19% | 1.60% +0.41% | |
| The Bank of Yokohama 式会社横浜銀行 | 1.55% | 1.56% | 1.58% +0.02% | |
| Business Partner Stock Ownership Plan 横浜ゴム取引先持株会 | 1.37% | 1.35% | 1.40% +0.05% | |
| JPモルガン証券 NEW ENTRY | — | — | — | 1.40% NEW |
| Dai-ichi Life Insurance 第一生命保険 | 1.65% | 1.16% | 1.22% +0.06% | |
| ZEON CORPORATION 日本ゼオン last seen 2024 | Exited Top 10 | 6.45% | 2.40% | — |
| Concentration (HHI) ⓘ | 599 | 569 | 688 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥20,363M
-73% since 2023
Holdings
43
+3 new
17 exited
Trend
1 unwinding
vs 2023
| Held Company | FY2025 ¥20,363M total | FY2023 ¥76,499M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
Mizuho Financial Group, Inc.
㈱みずほフィナンシャルグループ
|
4,302 |
754,693
|
1,821 | 754,693 | M |
|
YELLOW HAT LTD.
㈱イエローハット(注)3
|
1,949 |
NEW
New
1,188,316
|
— | M | |
|
ADEKA CORPORATION
㈱ADEKA
|
1,718 |
443,200
|
1,272 | 443,200 | M |
|
FURUKAWA CO.,LTD.
古河機械金属㈱
|
1,598 |
415,475
|
792 | 415,475 | M |
|
Mitani Corporation
三谷商事㈱
|
1,425 |
619,704
|
1,208 | 619,704 | M |
|
Shizuoka Financial Group, Inc.
㈱しずおかフィナンシャルグループ
|
1,273 |
523,446
|
626 | 523,446 | M |
|
Furukawa Electric Co., Ltd.
古河電気工業㈱
|
1,101 |
110,000
|
244 | 110,000 | M |
|
Idemitsu Kosan Co.,Ltd.
出光興産㈱
|
1,013 |
+400.0%
↑
856,000
|
657 | 171,200 | |
|
Kanagawa Chuo Kotsu Co., Ltd.
神奈川中央交通㈱
|
900 |
240,000
|
720 | 240,000 | M |
|
LOGINET JAPAN CO.,LTD.
㈱ロジネットジャパン
|
594 |
143,748
|
434 | 143,748 | |
|
Concordia Financial Group, Ltd.
㈱横浜フィナンシャルグループ
|
538 |
NEW
New
415,595
|
— | ||
|
AUTOBACS SEVEN CO.,LTD.
㈱オートバックスセブン
|
517 |
313,632
|
489 | 313,632 | |
|
SAN-AI OBBLI CO.,LTD
三愛オブリ㈱
|
444 |
210,250
|
338 | 210,250 | M |
|
ZEON CORPORATION
日本ゼオン㈱
|
397 |
-98.3%
↓
221,600
|
16,837 | 12,847,600 | M |
|
SANKYU INC.
山九㈱
|
391 |
46,207
|
239 | 46,207 | M |
|
TOBU RAILWAY CO.,LTD.
東武鉄道㈱
|
362 |
137,208
|
520 | 137,208 | |
| YHI International Ltd | 335 |
6,960,000
|
355 | 6,960,000 | |
|
Shinki Bus Co.,Ltd.
神姫バス㈱
|
232 |
+100.0%
↑
120,000
|
206 | 60,000 | M |
|
FUJI KYUKO CO., LTD.
富士急行㈱
|
212 |
102,303
|
432 | 102,303 | |
|
The Hyakugo Bank, Ltd.
㈱百五銀行
|
208 |
181,334
|
97 | 181,334 | M |
|
ITOCHU ENEX CO.,LTD.
伊藤忠エネクス㈱
|
195 |
102,686
|
158 | 102,686 | |
|
SEINO HOLDINGS CO.,LTD.
セイノーホールディングス㈱
|
192 |
81,441
|
174 | 81,441 | |
| センコー㈱ | 130 |
66,700
|
76 | 66,700 | |
|
Daiwa Motor Transportation Co.,Ltd
大和自動車交通㈱
|
93 |
80,000
|
85 | 80,000 | |
|
PACIFIC INDUSTRIAL CO.,LTD.
太平洋工業㈱
|
47 |
14,547
|
19 | 14,547 | M |
|
Keisei Electric Railway Co.
京成電鉄㈱
|
44 |
+200.0%
↑
33,750
|
75 | 11,250 | |
|
Hiroshima Electric Railway Co.,Ltd.
広島電鉄㈱
|
38 |
63,000
|
48 | 63,000 | |
|
Nissin Shoji Co., Ltd.
日新商事㈱
|
31 |
25,000
|
23 | 25,000 | M |
|
Tokai Kisen Co., Ltd.
東海汽船㈱
|
28 |
8,800
|
22 | 8,800 | |
|
Mie Kotsu Group Holdings,Inc.
三重交通グループホールディングス㈱
|
26 |
48,614
|
29 | 48,614 | |
|
HOKKAIDO COCA-COLA BOTTLING CO.,LTD.
北海道コカ・コーラボトリング㈱
|
20 |
NEW
New
5,082
|
— | ||
|
Maruzen Showa Unyu Co,.Ltd.
丸全昭和運輸㈱
|
9 |
+4.3%
↑
1,063
|
4 | 1,019 | |
|
Fukuoka Financial Group, Inc.
㈱ふくおかフィナンシャルグループ
|
1 |
153
|
1 | 153 | |
|
HONDA MOTOR CO., LTD.
本田技研工業㈱
|
— | — | |||
|
Mazda Motor Corporation
マツダ㈱
|
— | — | |||
|
NISSAN MOTOR CO., LTD.
日産自動車㈱
|
— | — | |||
|
HINO MORTORS,LTD.
日野自動車㈱
|
— | — | |||
|
MITSUBISHI MOTORS CORPORATION
三菱自動車工業㈱
|
— | — | |||
|
FUJI ELECTRIC CO., LTD.
富士電機㈱
|
— | — | |||
|
Kawasaki Kisen Kaisha, Ltd.
川崎汽船㈱
|
— | — | M | ||
|
INFRONEER Holdings Inc.
インフロニア・ホールディングス㈱
|
— | — | |||
|
KANTO DENKA KOGYO CO.,LTD.
関東電化工業㈱
|
— | — | |||
|
�ショ�シ」繝帙�シ繝ォ繝�繧」繝ウ繧ー繧ケ譬ェ蠑丈シ夂、セ
NCホールディングス㈱
|
— | — | |||
|
SUBARU CORPORATION
㈱SUBARU
|
— |
−100%
Exit
—
|
362 | 140,000 | |
|
TOYOTA MOTOR CORPORATION
トヨタ自動車㈱
|
— |
−100%
Exit
—
|
31,301 | 12,082,941 | M |
|
ISUZU MOTORS LIMITED
いすゞ自動車㈱
|
— |
−100%
Exit
—
|
636 | 350,035 | |
|
suzuki motor corporation
スズキ㈱
|
— |
−100%
Exit
—
|
3,480 | 576,800 | M |
|
TOKYO ROPE MFG. CO., LTD.
東京製綱㈱
|
— |
−100%
Exit
—
|
357 | 267,121 | M |
|
FUJITSU LIMITED
富士通㈱
|
— |
−100%
Exit
—
|
319 | 15,000 | M |
|
HONDA MOTOR CO., LTD.
本田技研工業㈱(注)2
|
— |
−100%
Exit
—
|
9,650 | 6,582,660 | M |
|
YELLOW HAT LTD.
㈱イエローハット
|
— |
−100%
Exit
—
|
1,049 | 594,158 | M |
|
Mitsubishi UFJ Financial Group, Inc.
㈱三菱UFJフィナンシャル・グループ
|
— |
−100%
Exit
—
|
771 | 636,739 | M |
| ㈱コンコルディア・フィナンシャルグループ | — |
−100%
Exit
—
|
268 | 415,595 | M |
|
JFE Holdings,Inc.
JFEホールディングス㈱
|
— |
−100%
Exit
—
|
176 | 80,661 | |
|
Kobe Steel, Ltd.
㈱神戸製鋼所
|
— |
−100%
Exit
—
|
38 | 20,636 | |
| 第一生命ホールディングス㈱ | — |
−100%
Exit
—
|
35 | 11,600 | M |
|
NIPPON STEEL CORPORATION
日本製鉄㈱
|
— |
−100%
Exit
—
|
21 | 6,440 | |
|
Nittetsu Mining CO.,Ltd.
日鉄鉱業㈱
|
— |
−100%
Exit
—
|
16 | 3,024 | |
|
HOKKAIDO COCA-COLA BOTTLING CO.,LTD.
北海道コカ・コーラボトリング㈱(注)3
|
— |
−100%
Exit
—
|
13 | 5,082 | |
|
S LINE GROUP CO.,LTD.
㈱エスライングループ本社
|
— |
−100%
Exit
—
|
6 | 6,534 | |
| Portfolio total | 20,363 | 76,499 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding