Toyo Tire (JP:5105) has released an update.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Toyo Tire Corporation reported a 2.8% increase in net sales and a significant 51.5% rise in operating income for the third quarter of fiscal year 2024, despite a slight decrease in profit attributable to owners. The Tire Business Unit showed strong performance with a 3.5% increase in net sales, while the Automotive Parts Business Unit saw a decrease in net sales but improved operating income. Overall, the company’s financial position strengthened with an increase in total assets and net assets, and a higher capital ratio.
For further insights into JP:5105 stock, check out TipRanks’ Stock Analysis page.