Toyo Tires

Toyo Tires Posts Record-High Profit for First Half of 2021

Toyo Tire Corp. (TYO:5105) has posted a strong set of business results for the first half of calendar 2021, including sales revenue of 186.39 billion yen ($1.7 billion), up 23.8 percent year-on-year; an operating profit of 26.96 billion yen, up 240 percent; an ordinary income of 29.22 billion yen, up 567.2 percent; and a net profit of 20.67 billion yen,...

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Toyo Tires to Launch New Studless Winter Tire Offering Smooth Performance for Commercial Vans, Light Trucks

Toyo Tire Corp. (TYO:5105) is planning a Japanese market launch for the Delvex 935, a new studless winter tire for use on commercial vans and light trucks. Set to be available in 15 sizes, the tire will be given a sequential rollout starting on Aug. 1. Commercial vans capable of handling tight turns tend to stop and start numerous times...

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Toyo Tires to Raise Prices on US Tires This August

Toyo Tire U.S.A. Corp., the U.S. sales subsidiary of Toyo Tire Corp. (TYO:5105), recently announced that it will increase its dealer base prices across all tire categories except for winter tires as of Aug. 1. This price hike is being implemented to reflect continued high costs for raw materials and logistics in the U.S. market. It will see prices rise...

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Toyo Tires Posts Sales and Profit Growth for January–March Quarter

Toyo Tire Corp. (TYO:5015) has released its business results for the first quarter of calendar 2021, revealing a marked increase to both sales and profit metrics. The company posted 87.74 billion yen ($798.67 million) in sales revenue, up 6.9 percent year-on-year; 12.7 billion yen in operating profit, up 83.1 percent; 16.01 billion yen in ordinary profit, up 328.3 percent; and...

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Toyo Tires Launches Project to Promote Car-Based Sightseeing in Japan’s Miyagi Prefecture

Toyo Tire Corp. (TYO:5105) has announced that this May it will be launching the Miyagi Beautiful View Project, an initiative aimed at showing the appeal of Japan’s Miyagi Prefecture and encouraging people to take car-based sightseeing trips to there. Miyagi Prefecture is also home to Toyo Tires’ Sendai Plant, a major base located in the city of Iwanuma. The company...

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Toyo Tires Set to End Tire Production at Malaysian Silverstone Plant in June

Toyo Tire Corp. (TYO:5105) is looking to cease tire production this June at its Silverstone Bhd. (SSM) plant in Perak, Malaysia. The plant will then be liquidated and shuttered by Dec. 31 following the completion of liquidation procedures. SSM primarily supplies Malaysian automakers with OE tires – and the market with commercial tires – under the Silverstone brand. It also...

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