Yokohama Rubber Co. Ltd. posted net income of 40.5 billion yen on net sales of 625.3 billion yen for its fiscal year ended Dec. 31, 2014. Both were records, according to the company. Based on the average exchange rate for 2014, Yokohama recorded income of $665.5 million on sales of $10.2 billion for fiscal 2014. The company's income-to-sales ratio was 6.4%. Operating income increased 4.3%, from 56.7 billion yen to 59.1 billion yen, also a record. "The strong sales and earnings performance reflected robust growth in tire business in the original equipment market in Japan and vigorous sales gains in markets overseas," says Yokohama. "It also reflected sales growth in industrial products and in other products, led by gains in high-pressure hoses, in sealants and adhesives, and in aircraft fixtures and components." In addition to sales growth, earnings benefited from the following: * a decline in raw material costs and * the weakening of the yen.