Toyo Tire Corporation (5105) Stock Price

TOYO TIRE operates two main business segments: tire business and automotive parts business. In the tire business, the company manufactures and sells various tires for passenger cars, light trucks, and trucks and buses. Domestically, affiliated companies including Toyo Tire Japan, Toyo Retread, and Fukushima Rubber conduct operations.

In overseas tire operations, sales are handled by companies such as Toyo Tire U.S.A. Corp., TOYO TYRE AUSTRALIA PTY LTD, and Toyo Tire Canada Inc. Manufacturing is carried out by Toyo Tire North America Manufacturing Inc. and Toyo Tyre Malaysia Sdn Bhd, among others. Through these operations, TOYO TIRE supplies tires globally.

The automotive parts business manufactures and sells automotive components, including vibration-damping rubber for vehicles. Domestically, Toyo Rubber Chemical Products and Ayabe Toyo Rubber are involved in this business. These companies support automotive parts supply in the domestic market.

In overseas automotive parts operations, sales are conducted by Toyo Tire North America OE Sales LLC, while Toyo Rubber & Plastic (Guangzhou) Co., Ltd. handles manufacturing and sales. Through these operations, TOYO TIRE supplies automotive parts to overseas markets and pursues global business expansion.

TOYO TIRE is pursuing sustainable growth through its five-year medium-term management plan "Medium-term Plan '21." Under this plan, the company strengthens its unique competitive advantages by positioning tires and automotive components as core businesses, maximizing organizational capabilities, and fostering strong collaboration across divisions. The company is enhancing its speed and flexibility in adaptation, maintaining rigorous governance and compliance standards, and working to create economic, environmental, and social value.

The company is achieving its targets across key management metrics including consolidated operating profit margin and ROE. Specifically, it has achieved a consolidated operating profit margin of 16.6%, a priority product sales composition ratio of 69%, consolidated operating profit of 94 billion yen, and ROE of 17%. These results demonstrate the effectiveness of the company's strategy. Going forward, the company is committed to actively implementing measures to achieve all management targets.

Additionally, TOYO TIRE has positioned "transition to sustainability-focused management" as a key pillar and aims to build a management foundation that supports sustainable growth. Beginning in fiscal year 2023, the company will publish an "integrated report" to deepen communication with stakeholders and improve management quality. Further details are available on the company's website.