Full-year revenue and profit growth (FY2025)
Consolidated revenue JPY 4,429.5 billion; adjusted operating profit JPY 493.7 billion (adjusted OP up ~2% YoY, approx. JPY 10.4 billion); profit attributable to owners JPY 327.3 billion (up ~15% YoY, approx. JPY 42 billion).
Improved profitability metrics
Adjusted operating margin improved to 11.1% (up 0.4 percentage points YoY); ROIC improved to 8.3% (up 0.2 percentage points YoY).
Material business-rebuilding and cost reduction effects
Business cost reduction activities delivered ~JPY 72 billion in FY2025; business rebuilding largely completed in Stage 2 (U.S. and Europe) and contributed to improved margins and efficiency.
Regional margin recoveries
North America: sales down ~3% but adjusted operating margin improved 1.5 percentage points to 11%; Europe: adjusted operating margin improved by over 2 percentage points to 5.5%; Asia/India/Thailand: adjusted operating profit around 11.5% despite revenue down ~2%.
Strong cash and balance-sheet outcomes
Free cash flow of JPY 45.5 billion (inflow); operating cash flow improved materially delivering a JPY 141.7 billion year-on-year increase in cash inflow; inventories reduced through lean management; total assets JPY 5,747.7 billion.
FY2026 guidance targets growth
FY2026 guidance: revenue JPY 4.5 trillion (up ~2% YoY), adjusted operating profit JPY 515 billion (up ~4% YoY), net profit JPY 340 billion; adjusted OPM targeted ~11.4% (up ~0.3 points).
Product, R&D and organizational commitment to growth
Plan to launch >25 new passenger tire products and >10 truck & bus products globally in FY2026; R&D and CapEx to exceed prior two-year levels; new executive structure to prioritize technology with 4 of 7 execs as technical specialists (CIO, CPO, CMO, West CTO) reporting directly to the CEO.
Shareholder returns maintained alongside investments
Share buyback program planned at JPY 150 billion in FY2026 (JPY 450 billion total over FY2024–26) and dividend maintained/increased (FY2026 guidance: JPY 125 post-split / JPY 250 pre-split, increase YoY).