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Nov 15

Toyo Tires Announces Business Performance for Q3 2023

Toyo Tire Corporation (“the Company”; President & CEO: Takashi Shimizu) announces its consolidated business performance for the third quarter of fiscal year 2023 (January 1, 2023 through December 31, 2023) as follows:

Quantitative information concerning the quarterly financial results (1) Business Results

  • Net Sales: 409,221 million yen (an increase of 58,790 million yen, or 16.8% from the same period in FY2022)
  • Operating Income: 50,324 million yen (an increase of 18,932 million yen, or 60.3% from the same period in FY2022)
  • Ordinary Income: 64,489 million yen (an increase of 19,201 million yen, or 42.4% from the same period in FY2022)
  • Profit Attributable to Owners of Parent: 56,768 million yen (an increase of 11,999 million yen, or 26.8% from the same period in FY2022)

(2) Results by Business Unit

The Tire Business Unit posted net sales of 374,163 million yen (an increase of 54,049 million yen, or 16.9% from the same period in FY2022) and an operating income of 50,278 million yen (an increase of 16,539 million yen, or 49.0% from the same period in FY2022).

The Automotive Parts Business Unit posted net sales of 35,045 million yen (an increase of 4,795 million yen, or 15.9% from the same period in FY2022) and an operating income of 46 million yen (an increase of 2,393 million yen from the same period in FY2022).

Tire and Rubber Association of Canada

5409 Eglinton Ave W, Suite 208
Etobicoke, ON M9C 5K6