Toyo Tire Corp. (TYO:5105) has released its business results for the third quarter of calendar 2021, showing 283.81 billion yen ($2.46 billion) in sales revenue, up 14.6 percent year-on-year, and 39.66 billion yen in operating income, up 79.9 percent. Going into detail on what has driven this change in operating income, Toyo Tires revealed that upward factors included 19.7 billion...
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,...
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...
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...
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...
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...
