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Toyo Tire ( (JP:5105) ) just unveiled an announcement.
Toyo Tire Corporation reported that its consolidated financial results for the fiscal year ended December 31, 2024, exceeded previous forecasts due to favorable currency exchange rates and lower-than-expected costs. As a result, the company plans to increase its year-end dividend to 70 yen per share, up from the previous forecast of 60 yen, highlighting its commitment to stable shareholder returns linked to business performance.
More about Toyo Tire
Toyo Tire Corporation, based in Hyogo, Japan, operates in the automotive industry, primarily offering tire products. The company focuses on delivering high-quality tires and maintaining a robust market presence, while emphasizing financial soundness and shareholder returns.
YTD Price Performance: 6.14%
Average Trading Volume: 858
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $2.5B
For a thorough assessment of 5105 stock, go to TipRanks’ Stock Analysis page.