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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Toyo Tires will conduct a series of “Tire Safety Awareness Activities” using a driving simulator from April 15 in cooperation with Aeon Malls across Japan to help drivers understand the importance of using tires in proper conditions. The activities, which will be held during the spring and fall National Traffic Safety Campaigns, will be held jointly with police stations near...
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The Japanese Rubber Workers Union Confederation (JRC), an organization of labor unions in rubber companies, has submitted its demands for the improvement of living standards for the spring season of 2023. As of March 8, 50 unions had submitted their demands, according to a survey conducted by JRC. According to the survey, 39 unions submitted an average wage increase (weighted...
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Toyo Tires reported net sales of 497.21 billion yen ($3.65 billion) for the fiscal year ended December 2022, up 26.3% year-on-year. Operating income was 44.05 billion yen, down 17.0%, ordinary income was 51.04 billion yen, down 8.7%, and net income stood at 47.96 billion yen, up 16.0% . “Net sales reached a record high thanks to foreign exchange benefits, while...
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Toyo Tires has been selected as a “good business to partner with” as part of the second Car–Society Partnership Awards, which are run annually by the Automobile Business Association of Japan. The company was chosen following an evaluation of its project to convey gratitude to everyone involved in truck logistics, as well as its commercialization of the M937 studless winter...
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Toyo Tires held on Dec. 14 an opening ceremony at its newly built automobile tire production plant in Indija, Serbia. The ceremony was attended by the company’s president Takashi Shimizu, Serbian president Aleksandar Vucic, ambassador extraordinary and plenipotentiary to Serbia Takahiko Katsumata, and other guests. Approximately 120 people attended the ceremony. “In this commemorative year of the 140th anniversary of...
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