Toyo Tire (JP:5105) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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.
Trending Articles:
- “The No. 1 Destination for the Most Talented Artists”: Netflix Stock (NASDAQ:NFLX) Notches Up as the Duffer Brothers Consider Jumping Ship
- “Breakthrough EVs”: Ford Stock (NYSE:F) Notches Up on New Battery Details
- “An Equity Stake”: Intel Stock (NASDAQ:INTC) Surges as U.S. Government May Buy In With CHIPS Act Money