Toyo Tire Corporation [5105.T]
TOKYO, May 15 (Pulse News Wire) – Toyo Tire Corporation (5105.T) reported lower revenue and operating profit for the quarter ended March 31, 2026, due to reduced sales volumes. Despite these challenges, the company saw an increase in ordinary profit compared to the same period last year.
For the quarter, revenue decreased to ¥130.951 billion from ¥135.51 billion in the previous year, while operating profit was ¥20.61 billion from ¥22.419 billion. Net income improved slightly to ¥15.476 billion from -¥13.00 billion. The company attributed the decline in sales volume to various factors, including higher raw material costs and increased transportation expenses.
Looking ahead, Toyo Tire maintains its full-year outlook unchanged since the February announcement, expecting operating profit of ¥94.00 billion. Additionally, the annual dividend per share remains at ¥135. In response to ongoing geopolitical tensions in the Middle East, the company has implemented several measures to mitigate potential impacts, including price adjustments and cost optimization strategies.
These efforts aim to ensure the achievement of its operational targets despite challenging market conditions.
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