Toyo Tire Posts Strong Q2 Growth and Improved Financials

Toyo Tire (JP:5105) has released an update.

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%.

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