Strong Performance in North America
The North American business achieved profit increases across the premium tire segment, with continued expansion in the commercial truck and bus replacement market, improving profitability.
Improvements in Europe
The European business achieved year-over-year profit growth for the second consecutive quarter, with optimized production facilities and narrowed loss margins in the retail business.
Positive Results in Asia Pacific and India
The Asia Pacific and India business reported an increase in operating profit, with a solid operating margin of 12%, and expanded market share in India's premium segment.
Successful Cost Reductions
Global business cost reductions exceeded expectations, contributing approximately JPY35 billion in profits during Q1.
Growth in B2B Solutions
B2B solutions, particularly in mining and aviation, saw robust sales, maintaining a high profit structure with an adjusted operating margin of 20%.