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YOKOHAMA FY2026 1H Results Briefing YX2026 completion & YX2029 introduction August 10 , 2026 The Yokohama Rubber Co. , Ltd. Chairman & CEO , Chairman of the Board Masataka Yamaishi 1
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2 Contents 1. FY2026 1H Results 2. YX2026 Progress in FY2026 1H 3. YX2026 Initiatives in FY2026 4. YX2026 FY2026 Key Financial Targets 5. Next Medium-Term Plan YX2029
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3 Contents 1. FY2026 1H Results 2. YX2026 Progress in FY2026 1H 3. YX2026 Initiatives in FY2026 4. YX2026 FY2026 Key Financial Targets 5. Next Medium-Term Plan YX2029
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Copyright(C) THE YOKOHAMA RUBBER CO., LTD. 1. FY2026 1H Results 4 1H Results (billion yen) 2026 1H result 2026 Plan （May announcement） Difference from plan 2025 result YoY change Sales revenue 639.4 610.0 +29.4 579.2 +60.2 Business profit before PPA amortization 103.2 81.8 +21.4 72.1 +31.1 (Profit margin) (16.1%) (13.4%) (+2.7pt) (12.5%) (+3.6pt) Business profit 95.8 75.0 +20.8 62.1 +33.7 (Profit margin) (15.0%) (12.3%) (+2.7pt) (10.7%) (+4.3pt) Net profit 72.6 45.0 +27.6 35.5 +37.0 -1.0% 1.0% 3.0% 5.0% 7.0% 9.0% 11.0% 13.0% 15.0% 17.0% 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Sales revenue Business profit Business profit margin Sales revenue・Business profit・Business profit margin (1H) 639.4 95.8 15.0% 5.9% 268.1 15.7 (billion yen) (billion yen) Business profit margin Business profit Sales revenue Sales revenue 2.4x Business profit 6.1x Business profit margin 2.5x vs 2016 vs 2016 vs 2016
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5 Contents 1. FY2026 1H Results 2. YX2026 Progress in FY2026 1H 3. YX2026 Initiatives in FY2026 4. YX2026 FY2026 Key Financial Targets 5. Next Medium-Term Plan YX2029
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Copyright(C) THE YOKOHAMA RUBBER CO., LTD. 6 2-1) Basic Policy Exploration × Exploitation Basic Policy Exploitation=Improvement= Increase in Profit MISSION Addressing All Management Challenges to Enhance Corporate Value Exploration MTP MTP YX2023 YX2026 YX20291. Grand Design 2. Best Alternative 3. Product & Regional Business Strategies Grand Design Best Alternative TBR Best Alternative Product & Regional Business Strategy AG(OHT) Global No.1 PCR Best Alternative Best Alternative OTR(OHT) *No continuity with past MTPs Exploitation Exploration=Growth= Increase in Revenue
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Copyright(C) THE YOKOHAMA RUBBER CO., LTD. 2-2) YX2026 Tire Business: Grand Design 7 Global Tire Market Red Ocean Blue Ocean Yokohama Rubber 2016 Yokohama Rubber 2025 Passenger car tires OHT (off-highway tires) ATGacquisition Passenger car tires ATG acquisition TWS acquisition GY OTR business acquisition Passenger car tires OHT (off-highway tires) ¥15 trillion ¥6 trillion Consumer Tires Commercial Tires OHT (off-highway tires) Best Alternative *YRC estimates at USD/JPY 152 (2016) (2023) (2025) ~ ~
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Copyright(C) THE YOKOHAMA RUBBER CO., LTD. 2-3) YX2026 Tire Business: Best Alternative 8 Best Alternative: *The only tire maker with a product lineup comparable to the Tier 1 Top maker 1H Business Profit Growth (2016 - 2026) 12.1 14.3 15.7 7.5 -2.0 16.3 14.3 15.5 34.8 42.4 63.0 3.7 4.3 5.2 3.2 7.1 12.1 7.4 16.9 14.2 26.0 3.6 3.8 3.8 4.6 0.8 2.9 1.3 2.6 2.9 5.5 6.8 -10 0 10 20 30 40 50 60 70 80 90 100 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 15.7 Billion yen 95.8 Billion yen (billion yen) Acquisition Acquisition 2016 2023 2025 2017 Acquisition Acquisition 49% 55% 60% 83% 77% 100% 88% 85% 13% 23% 25% 17% 19% 4% 15% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% A B C D E F G Passenger Car Tires 30% 20% 50% Truck & Bus Tires Off-Highway Tires Market composition Agriculture 15% Construction 2% Mining 16% OHT total 22% OHT total 15% OHT total 4% OHT total 9% OHT total 38% Industrial 5% OHT Business Business profit vs 2016 ＋26.0 billion ( - ) vs 2016 ＋50.9 billion Tire Business (Excl. OHT Business) Business profit (+421%) ＋3.2 billion Business profit (+89%) MB/Sports/ Others vs 2016
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Copyright(C) THE YOKOHAMA RUBBER CO., LTD. 9 WINTER GEOLANDARADVAN 2022 2023 2024 2025 2026 2022 2023 2024 2025 2026 2022 2023 2024 2025 2026 2022 2023 2024 2025 2026 vs2025 106% vs2025 110% vs2025 98% vs2025 130% 18-inch & larger REP 110％ Tire Business: 1H : Sales, Business profit, Profit margin 7.7% 5.5% 5.3% 11.2% 12.6% 0.0% 5.0% 10.0% 15.0% 20.0% 0 2,000 4,000 2021 2022 2023 2024 2025 2026 Average unit price & business profit per tire sold (Excl. OHT Business & FX impact) 2026 1H results (billion yen) 17.2% 0 2,000 4,000 6,000 8,000 10,000 12,000 0 500 1000 1500 2000 2500 3000 2021 2022 2023 2024 2025 2026 Profit per tire sold Avg. unit priceAGW ratio 40％ (Excl. OHT Business) (Full year Target : 47％) 2-4) YX2026 Tire Business Best Alternative: 2026 1H AGW Sales (OE+REP unit sales)High-value-added tire sales results 200.0 400.0 vs 2021 ≈1.5x vs 2021 ≈3.3x
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Copyright(C) THE YOKOHAMA RUBBER CO., LTD. 10 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 2022 2023 2024 2025 2026 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 2022 2023 2024 2025 2026 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 2022 2023 2024 2025 2026 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000 2022 2023 2024 2025 2026 0 500 1,000 1,500 2,000 2,500 3,000 3,500 2022 2023 2024 2025 2026 0 500 1,000 1,500 2,000 2,500 3,000 2022 2023 2024 2025 2026 0 100 200 300 400 500 600 700 800 2022 2023 2024 2025 2026 0 200 400 600 800 1,000 1,200 1,400 1,600 1,800 2022 2023 2024 2025 2026 Tire Business: 1H Regional Unit Sales 2-5) YX2026 Tire Business Best Alternative: FY2026 1H Regional Unit Sales ◆Overall OE+REP YoY 100% REP YoY 103% YoY 101% YoY 101% YoY 109% REP YoY 129% REP YoY 100% REP YoY 89% ◆Japan ◆North America ◆China OE+REP YoY 100% OE+REP YoY 100% OE+REP YoY 89% ◆Europe ◆Asia ◆Middle East ◆India REP YoY 83% REP YoY 117% REP YoY 93% REP YoY 118% OE＋REP YoY 117% OE+REP YoY 94% OE+REP YoY 83% OE+REP YoY 117% : Tire Business (Excl. OHT Business) OE&REP combined unit sales : Tire Business (Excl. OHT Business) REP unit sales(Excl. OHT Business)
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Copyright(C) THE YOKOHAMA RUBBER CO., LTD. - 50.00 100.00 150.00 200.00 (400) (300) (200) (100) - 100 200 300 400 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 20192019201920192020202020202020202120212021202120222022202220222023202320232023202420242024202420252025202520252026 2-6) YX2026 Commercial Tire: FY2026 1H Agricultural Machinery Tire Sales Results 11 Agricultural machinery business indicator and Major agricultural machinery OEM’s sales Agricultural machinery tire 1H sales results (weight basis) TOP 3 OEMs (YoY) AGCO, CNH, John Deere CEMA Business Barometer 2019 2020 2021 2022 2023 2024 2025 Y-TWS Y-ATG OEREP REP OE REP ATG Mitas Trelleborg OE Maximize profit Expand market share OEREP REP OE REP ATG Mitas Trelleborg OE 2026 (*) CEMA: European Agricultural Machinery Industry Association Market Data ◆Y-ATG ◆Y-TWS ◆REP Total ◆OE Total 0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 2023 2024 2025 2026 0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 2023 2024 2025 2026 YoY 112% 2026 2026 0.0 10,000.0 20,000.0 30,000.0 40,000.0 50,000.0 60,000.0 70,000.0 80,000.0 2023 2024 2025 2026 0.0 10,000.0 20,000.0 30,000.0 40,000.0 50,000.0 60,000.0 70,000.0 2023 2024 2025 2026 YoY 115% 2026 2026 (Y-ATG+Y-TWS) (Y-ATG+Y-TWS) (OE+REP Total) (OE+REP Total)YoY 104% YoY 104%
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Copyright(C) THE YOKOHAMA RUBBER CO., LTD. 2-7) YX2026 MB Business: 1H Results 12 6.2% 6.0% 6.1% 6.7% 3.0% 5.2% 2.2% 5.6% 6.6% 10.0% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 0 100 200 300 400 500 600 700 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Sales revenue Business profit 11.5% Divestiture of the Hamatite Business MB Segment: Sales Revenue, Business Profit, Business Profit Margin (1H results) Business profit margin Hoses & Couplings Structural reform ◆Conveyor belts ◆Marine (Marine hoses & Fenders) ◆Aerospace products (Government demand) 3.3% 4.8% 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 8.0% 9.0% 0 200 400 600 800 1,000 1,200 1,400 1,600 1,800 2,000 2024 2025 2026 15.3% 12.1% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 18.0% 0 200 400 600 800 1,000 1,200 2024 2025 2026 13.8% 22.5% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 0 200 400 600 800 1,000 1,200 1,400 1,600 2024 2025 2026 4.3% 17.4% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 18.0% 20.0% 0 200 400 600 800 1,000 1,200 1,400 2024 2025 2026 7.6% Industrial products Growth driver Maximizing profit 17.9% 17.1% 12.6% ◆Hydraulic and Automotive Hoses Operating income Operating income margin Operating income margin Operating income Operating income margin Operating income margin Operating income margin Operating income margin
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13 Contents 1. FY2026 1H Results 2. YX2026 Progress in FY2026 1H 3. YX2026 Initiatives in FY2026 4. YX2026 FY2026 Key Financial Targets 5. Next Medium-Term Plan YX2029
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Copyright(C) THE YOKOHAMA RUBBER CO., LTD. 3-1) YX2026 FY2026 Tire Business: AGW Sales Plan / Product & Regional Business Strategies 14 Europe North America Tire Business full-year sales plan (Excl. OHT Business) China 100% Japan 102%104% Asia 98%114% NEW NEWNEW 103% ALL 2026 Plan YoY AGW 2026 Plan (Initial Plan: 50％) 47% AGW ratio High-value-added tire sales plan Total annual OE+REP plan NEW NEW Sep. 2026 launch Apr. 2026 launch Sep. 2026 launch Apr. 2026 launch May 2026 launch WINTER GEOLANDARADVAN 2023 2024 2025 20262023 2024 2025 20262023 2024 2025 2026 134% (vs2025） 112% (vs2025） 100% (vs2025） 2023 2024 2025 2026 112% (vs2025） 18-inch & larger
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Copyright(C) THE YOKOHAMA RUBBER CO., LTD. 15 3-2) YX2026 FY2026 OHT Business: Full-Year Plan 155.8 235.8 291.4 371.1 25.6 35.2 35.9 48.6 56.3 16.4% 14.9% 12.3% 13.1% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 18.0% 20.0% 0 50 100 150 200 250 300 350 400 450 500 2022 2023 2024 2025 2026 OHT Business: Business Profit Plan (billion yen) 13.6% Business profit before PPA amortization (Excl. one-time expenses) Business profit Full-Year Sales Plan (weight basis) 41.9 ¥413.0 bn YoY +11% Business profit margin before PPA amortization (Excl. one-time expenses) ◆OHT Business total 0 100,000 200,000 300,000 400,000 500,000 600,000 2023 2024 2025 2026 (Y-ATG ＋ Y-TWS + G-OTR) YoY 106% 2026 YoY 97% YoY 120% ◆Full-year sales plan by product category 0 50,000 100,000 150,000 200,000 250,000 2023 2024 2025 2026 Agricultural tires 2026 YoY 107% 0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 2023 2024 2025 2026 Mining & construction machinery tires 2026 YoY 110% 0 10,000 20,000 30,000 40,000 50,000 60,000 2023 2024 2025 2026 Industrial tires 2026 YoY 102% (Y-ATG ＋ Y-TWS + G-OTR / OE・REP total) Sales revenue
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Copyright(C) THE YOKOHAMA RUBBER CO., LTD. MB Business: Business Profit & Profit Margin (full-year) 16 Industrial Products Structural reform Growth driver Maximizing profit Hoses & Couplings ◆Hydraulic: Price optimization ◆Automotive: Reaping effect of concentration in North America ◆Aerospace products: Strengthen production facilities Government demand 7.5 7.8 7.4 8.3 2.9 3.8 4.0 7.2 8.6 11.1 12.5 6.7% 6.8% 6.3% 7.0% 3.7% 4.5% 4.2% 7.0% 8.2% 10.5% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 0.0 2.0 4.0 6.0 8.0 10.0 12.0 14.0 16.0 18.0 20.0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 11.7% FY2026 plan Business profit margin ◆Conveyor belts: Maintain high market share in Japan Expand overseas ◆ Marine hoses/fenders: Maintain high market share in Japan Expand overseas Photos from Maritime Self-Defense Force, Ground Self-Defense Force, & Air Self-Defense Force official webpages Business profit (billion yen) Profit margin 3-3) YX2026 FY2026 MB Business: Full-Year Plan
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17 Contents 1. FY2026 1H Results 2. YX2026 Progress in FY2026 1H 3. YX2026 Initiatives in FY2026 4. YX2026 FY2026 Key Financial Targets 5. Next Medium-Term Plan (YX2029)
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Copyright(C) THE YOKOHAMA RUBBER CO., LTD. 4-1) YX2026 FY2026 Key Financial Targets 18 Initial target Feb. 2024 After revision - 1st Aug. 2024 After revision - 2nd Feb. 2026 After revision - 3rd Aug. 2026 Sales revenue 1,150 billion yen 1,250 billion yen 1,300 billion yen 1,320 billion yen Business profit 130 billion yen 150 billion yen 188 billion yen 192.5 billion yen Business profit margin 11％ 12％ 14.5％ 14.6％ Equity capital ratio 50％ target 50％ target 50％ target 50％ target ROE Above 10％ Above 10％ Above 10％ Above 10％ Financial Targetsfor FY2026 Exchange Rates USD 145 JPY 156 JPY ( +11 JPY) EUR 171 JPY 178 JPY ( +7 JPY) Forecasts after July 2026 Beginning of the period （Feb. 2026） This time (Aug. 2026)
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Copyright(C) THE YOKOHAMA RUBBER CO., LTD. 24% 39% 16% 23% 20% 21% 20% 31 32 32 33 34 46 48 62 62 33 32 33 33 50 52 86 110 110 0 50 100 150 200 2019 2020 2021 2022 2023 2024 2025 初期計画 見直し 19 Dividend Trend Interim Year-end Full Year 64 65 66 84 98 2026 initial plan 172 (Unit: yen/share) 2026 revision 223 YX2026 Revision of Shareholder Returns for FY2026 2026 initial plan 2026 revision 64 134 YX2023 2026 Interim (plan) 87yen ↑ 62yen 2026 Year-end (plan) 136 yen ↑ 110 yen +25 Dividend payout ratio 30% +26 30% 30% 172yen 223yen 62yen 87yen 110yen 136yen 572yen 744yen 20% 134yen 48yen 86yen 669yen (previous year +10%) (previous year -96yen/-14%) (previous year +76yen/+11%) (previous year +38yen/+28%) (previous year +89yen/+66%) (previous year +14yen/+29%) (previous year +39yen/+81%) (previous year +24yen/+28%) (previous year +50yen/+58%) Dividend payout ratio Dividend (per share) Interim dividend (per share) Year-end dividend (per share) EPS (Earnings per share) 2025 result (previous year +10%) 4-2) YX2026 FY2026 Key Financial Targets: Shareholder Return 2026 revision 2026 Initial plan
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20 Contents 1. FY2026 1H Results 2. YX2026 Progress in FY2026 1H 3. YX2026 Initiatives in FY2026 4. YX2026 FY2026 Key Financial Targets 5. Next Medium-Term Plan YX2029
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Copyright(C) THE YOKOHAMA RUBBER CO., LTD. 21 3,000 5,000 7,000 9,000 11,000 13,000 15,000 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 Complete transformation from past YX2026YX2023GD2020GD100 New Plants Mexico /China “Hockey Stick Growth” Business Profit Sales Revenue 2029 ¥134.4 Earnings Guidance ¥166.6 ¥192.5 Further growth YX2029 Culmination of the past 100 years Structural reforms & future growth initiatives “Hockey Stick Growth” Profitable growth bn bn bn 5-1) Next Medium-Term Plan YX2029: Hockey Stick Growth bn ¥42.3 bn ¥58.3 bn ¥59.3 bn ¥50.1 bn ¥35.9 bn ¥62.2 bn ¥70.1 bn ¥99.1 ¥1,235.0 bn ¥1,094.7 bn ¥985.3 bn ¥860.5 bn ¥670.8 bn ¥551.1 bn ¥650.5 bn ¥650.2 bn ¥646.3 bn¥596.2 bn (Earnings Guidance) ¥1,320.0 bn
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Copyright(C) THE YOKOHAMA RUBBER CO., LTD. 22 Global Tire Market Red Ocean Blue Ocean Yokohama Rubber 2016 Yokohama Rubber 2025 Passenger car tires OHT (off-highway tires) ATGacquisition Passenger car tires ATG acquisition TWS acquisition GY OTR business acquisition Passenger car tires OHT (off-highway tires) ¥15 trillion ¥6 trillion Consumer Tires Commercial Tires OHT (off-highway tires) *YRC estimates at USD/JPY 152 (2016) (2023) (2025) 5-2) Next Medium-Term Plan YX2029: Grand Design - Consumer Tire Business ~ ~ Best Alternative
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Copyright(C) THE YOKOHAMA RUBBER CO., LTD. 0 500 1,000 1,500 2,000 2,500 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 - 2030 23 AGW（Exploitation） *YOKOHAMA brand ratio 99％ Brand MIX Inch MIX Sales company- distributor policy Chinese makers’ Production share 42％ Low-Cost Conversion （Exploration） (Conversion to low-cost production structure) 28% 30% 32% 33% 34% 36% 37% 39% 41% 41% 40% 39% 41% 41% 41% 42% 44% 47% 25% 30% 35% 40% 45% 50% 55% 60% 0.0 10.0 20.0 30.0 40.0 50.0 60.0 70.0 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 列1 列12 50%Chinese makers’ Production share 52％ Ultra High Performance Global Flagship Brand SUV/Pickup Truck Winter AGW *Product Brand * 2029 (plan) Vizag Plant (India) Mexico new plantHangzhou Plant (China) PCR/OHT Hybrid plant Chinese Production Model plant (PCR line started production in 2025) (Mass production startup in Mar 2026) (Mass production scheduled to start in Jan 2027) LCC AGW PCR/OHT Hybrid plant Global Production Trend of Consumer Tires (YRC estimates) 5-3) Next Medium-Term Plan YX2029: Consumer Tire Business - AGW & LCC 2030 Yokohama Premium Tire (AGW) Sales Ratio Trend
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Copyright(C) THE YOKOHAMA RUBBER CO., LTD. 24 “1-year plant” in China “Mexico New Plant” Yokohama Brand`s Standard Products Low-Cost Conversion 6M tires＋3M tires＝9M tires Existing Additional New plant ”Manage the plant construction within the investment amount for 3M units” Partner Subsidy Quality: Yokohama/ Cost: Chinese PCR/OHT Hybrid Model 50% 60% 70% 80% 90% 100% 110% 120% 130% 0 100 200 300 400 500 600 700 800 900 1000 旧工場 新工場 新工場Ⅱ Production cost 100% 88% 74% 3M tires 6M tires 6M tires 9M tires Old plant ~2025 New plant 2026~ New plant 2028~ ◆Production Cost Mass production started in Mar 2026 at 6M tires prod. $30million Profit increase ◆Production Cost (including logistic costs from Mexico to the U.S.) 0% 20% 40% 60% 80% 100% 120% 0 1,000 2,000 3,000 4,000 5,000 6,000 YTMV YTMMX (Initial) YTMMX (Full) 2M tires 2M tires 3M tires Salem Plant (USA) Closed in Mar 2026 Production Cost 100% 45% 29% Initial phase Mass production scheduled to start in Jan 2027 at 2M tires prod. $55million cost reduction Full production Mexico New Plant 5M tires India Vizag plant Mexico New plantIndia PCR plant 2024~ 2027~ Phase-1 Phase-2 Phase-3 2014~ 2021~ 2024~ 700K tires Japanese management Old-equipment Local (ATG) management Old-equipment Local (ATG) management Cutting-edge equipment 840K tires1,260K tires 1.7M tires＋43K tons 5.0M tires＋11K tons PCR/OHT Hybrid plant Local management AGW LCC Mexico New Plant 5-4) Next Medium-Term Plan YX2029: Consumer Tire Business - LCC Chinese Production System Model PCR/OHT Hybrid * * * *Consumer tire; Radial tire for Passenger Car (OHT) (OHT)(PCR) (PCR) Investment : USD 420Mamount Investment : USD 500Mamount OHT production capacity: Rubber weight
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Copyright(C) THE YOKOHAMA RUBBER CO., LTD. 49.2 50.1 51.5 51.9 51.5 51.8 49.4 49.9 46.0 51.2 53.0 55.1 57.8 60.9 0.0 10.0 20.0 30.0 40.0 50.0 60.0 70.0 80.0 90.0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 Post YX2029YX2029 25 43% 50% 56 58 60 63 66 64 63 62 63 60 60 61 62 63 YX2026YX2023GD2020GD100 Ph4GD100 Ph3 80~ Philippines Plant expansion India plant built Shinshiro plant Increased High-inch prod. capacity Philippines plant 2017: Fire→ Restart & increased high-inch capacity Existing India plant expansion 2019: USA Salem plant reduced production→ 2026: Plant closed Mexico new plant built Previously existing LCC plants (Incl new plants) LCC ＋10mn tires (Pending) FY2025 AGW Ratio 44 ％ FY2025 LCC Ratio 26 % 5-5) Next Medium-Term Plan YX2029: Consumer Tire Business Production Capacity Sales Units Production capacity 2025 Medium-term sales plan (2030 target) (million tires) (million tires) China Hangzhou Plant expansionChina Suzhou Plant built China Suzhou plant TB plant closed→ Shifting to PCR plant New China Hangzhou plant construction India Vizag PC plant startup Mishima plant Equip`t upgrade Mie plantLarge-diameter capacity increased RussiaPlant Built→ Expansion
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Copyright(C) THE YOKOHAMA RUBBER CO., LTD. 26 Global Tire Market Red Ocean Blue Ocean Yokohama Rubber 2016 Yokohama Rubber 2025 Passenger car tires OHT (off-highway tires) ATGacquisition Passenger car tires ATG acquisition TWS acquisition GY OTR business acquisition Passenger car tires OHT (off-highway tires) ¥15 trillion ¥6 trillion Consumer Tires Commercial Tires OHT (off-highway tires) *YRC estimates at USD/JPY 152 (2016) (2023) (2025) 5-6) Next Medium-Term Plan YX2029: Grand Design - OHT Business ~ ~ Best Alternative
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Copyright(C) THE YOKOHAMA RUBBER CO., LTD. 27 OHT Business - Business Profit Target 10,000 11,000 12,000 13,000 14,000 15,000 16,000 17,000 18,000 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Smithers forecast (Feb 2025 report) Soaring price of crude oil Soaring fertilizer & pesticide prices Sluggish grain market Demand assumption (YRC estimates) Agricultural Machinery Tires Demand Forecast Ukraine invasion Trump tariffs Middle East conflict COVID-19 Market demand (based on sales) ¥27.5bn ¥31.3bn ¥41.9bn 2024 (result) 2025 (result) 2026 (Earnings Guidance) 2029 (target) ¥70.0bn Y-ATG Y-TWS G-OTR 5-7) Next Medium-Term Plan YX2029: OHT Business
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Copyright(C) THE YOKOHAMA RUBBER CO., LTD. 28 30% 50% 70% 90% 2025 2026 2027 2028 2029 2030 0.0 20.0 40.0 60.0 80.0 100.0 120.0 2025 2030 100 113 100 78 ◆OTR production cost trend ◆OTR production expansion plan Romania OTR Plant M&A of a competitor's closed facility India New OTR Plant Greenfield facility India plant existing ATG plant Mexico Hybrid Plant Czech plant Onomichi plant Tatsuno plant (NGT) Extra-large & Large (49” and above) +25% Medium, Small & Bias (45” and below) ±0% (K tons) ◆Production Allocation Plan 2030: Production relocation completed Temporary contract(TSA) Prod. by Goodyear Europe Japan India : New Plant : M&A Plant : Expansion of Existing Plant : Existing Plant 5-8) Next Medium-Term Plan YX2029: OHT Business OTR - Production Allocation Mexico 2025 Production cost 2030 Production cost Goodyear plants (USA and others)
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Copyright(C) THE YOKOHAMA RUBBER CO., LTD. 0 50 100 150 200 250 300 350 400 450 29 Growth Investment 41.2% 43.7% 46.2% 48.3% 53.3% 53.4% 46.2% 51.5% 51.6% 40.0% 45.0% 50.0% 55.0% 60.0% 50% Financial Discipline Equity Capital Ratio 50% Equity Capital Ratio Enhance Shareholder Returns Dividend Payout Ratio/Total Return Ratio 62 62 64 64 65 66 84 98 134 223 25% 28% 24% 39% 16% 23% 20% 21% 20% 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50% 0 100 200 300 400 Dividend (yen) Payout Ratio 2029 Dividend Payout Ratio 2026 30% (yen) *2016–2018: Total of maintenance capex, strategic investments, and M&A investments (billion yen) * * * Growth in Sales & Profit Growth Investment Shareholder Return Addressing All Management Challenges to Enhance Corporate Value Exploration Exploitation MISSION Basic Policy LCC Investment * Strategic Investment (incl. Capacity expansion/MIX) Maintenance Capex M&A 5-9) Next Medium-Term Plan YX2029: Capital Allocation 40%