Toyo Tires Posts First Quarter Results, Sales up 26.9%

Toyo Tires reported net sales of 129.16 billion yen ($950.06 million), up 26.9% year-on-year, for the first quarter (January-March) of the fiscal year ending December 2023. Operating income was 14.57 billion yen, down 9.9%, ordinary income 15.81 billion yen, down 23.0%, and net income of 10.88 billion yen, down 38.8%. Net sales reached a record high for the first quarter….

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