Toyo Tire (JP:5105) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Toyo Tire reports a robust second quarter for FY2024 with net sales up 3.0% and operating income surging by 78.3%. The Tire Business Unit saw a 3.6% increase in sales, contributing significantly to the company’s performance, while the Automotive Parts Business Unit experienced a slight sales dip but increased its operating income. The company’s overall financial health improved, with a higher capital ratio of 62.9%.
For further insights into JP:5105 stock, check out TipRanks’ Stock Analysis page.