Toyo Tire Corporation TSE:5105

Toyo Tire : Financial Results for 3rd Quarter of FY2025

Published

Source: MarketScreener

Financial Results for 3rd Quarter of FY2025

November 12, 2025



  1. Financial Results for 3rd Quarter of FY2025

  2. Financial Forecast for FY2025

  3. Topics



Highlights of Financial Results




  • Net sales amounted to 435.3 billion yen, a record high* for the third quarter.

  • Operating income decreased year-on-year, mainly due to higher costs, but

    reached 72.1 billion yen.

  • Ordinary income and profit attributable to owners of parent declined year-on-year due to the recording of foreign exchange

    losses, etc. under non-operating expenses (income).

  • On a full-year basis, operating income is forecast at 95.0 billion yen

    (up 5.0 billion yen from the previous forecast).

  • Annual dividend per share forecast remains unchanged at 130 yen

(Dividend payout ratio: 31%). (Rf. FY2024 result: 120 yen)

* The highest figure since 2013, when the current accounting period was applied.



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Financial Results for 3rd Quarter of FY2025 (Jan-Sep)


（Millions of yen）

2025



Jan-Sep Results

2024

Jan-Sep Results

Change Change (%)

2025

1H Results

Change (YoY)

Net Sales 435,289

420,608 +14,680 +3.5％

283,410

+9,908

Operating

Income

72,068

76,237 (4,169) (5.5％)

48,176

+606

Margin 16.6％

  1. ％ ー －

    17.0% ー

    Ordinary Income Profit

    Attributable

    to Owners of Parent*

    70,712

    53,057

    77,808 (7,095) (9.1％)

    55,196 (2,138) (3.9％)

    43,730

    33,330

    (16,039)

    (8,674)

    2025

    Jul-Sep Results

    Change (YoY)

    151,878

    +4,771

    23,892

    15.7％

    (4,776)

    ー

    26,981

    +8,943

    19,726

    +6,535

    *Profit attributable to parent company shareholders

    1 USD

    1 EUR

    149 Yen

    164 Yen

    151 Yen

    164 Yen

    (2 Yen)

    +0 Yen





    3/20





    Analysis of Operating Income for 3rd Quarter of FY2025（Jan-Sep） （vs 2024）

    （Billions of yen） Tires

    (4.5)

    Others

    ＋0.3

    76.2

＋11.4 (3.7) (1.1) (1.0) (3.5)
(1.4) (5.2)

＋0.3

72.1

(0.0)

2024

Sales

Production

SGA

Raw

Forex

Freight

Tariff

Automotive

Other

2025

Jan-Sep

Factors

Cost

Expenses

Materials

Rate

Cost

Impact

Parts

Jan-Sep

Sales Factors

Production Cost

SGA

Expenses

Raw Materials

Forex Rate

Freight Cost

Tariff Impact

Automotive Parts

Other

合計

Jan-Mar

+2.3

(2.5)

(0.9)

(2.8)

+0.6

(0.5)

ー

+0.2

+0.0

(3.6)

Apr-Jun

+9.1

+0.7

+0.0

(2.3)

(2.9)

(0.2)

(0.4)

+0.2

(0.0)

+4.2

Jul-Sep

+0.0

+0.8

(0.2)

+1.7

(1.4)

(0.7)

(4.8)

(0.1)

+0.0

(4.8)



4/20

Business Segments for 3rd Quarter of FY2025（Jan-Sep)


Other

ー

0

(0)

ー

ー

(0)

Adjustments

ー

(0)

+0

ー

ー

+0

Total

435,289

420,608

+14,680

+3.5%

283,410

+9,908

2025

Jul-Sep Results

Change (YoY)

139,843

+3,988

12,035

+783

ー

ー

ー

ー

151,878

+4,771

(Millions of yen)

Net Sales

2025

Jan-Sep Results

400,252

35,036

2024

Jan-Sep Results

387,146

33,462

Change

Change (%)

Tires Automotive Parts

+13,105

+1,574

+3.4%

+4.7%

2025

1H Results

260,409

23,001

Change (YoY)

+9,117

+791







1,670



2025

Jul-Sep Results

Change (YoY)

23,296

16.7％

(4,686)

ー

589

4.9%

(94)

ー

6

+5

ー

(0)

23,892

(4,776)

Operating Income

2025

Jan-Sep Results

2024

Jan-Sep

Change

Change (%)

2025

1H Results

Change (YoY)

Tires

70,381

74,881

(4,500)

(6.0%)

47,084

+185

Margin

17.6%

19.3%

ー

ー

18.1%

ー

*Net sales include intersegment internal net sales or transfers

1,081

Results

Automotive Parts

1,343 +327 +24.3%

+421

Margin



4.8%

4.0%

ー

ー

4.7%

ー

Other

16

12

+3

+31.1%

9

(0)

Adjustments

ー

0

0

ー

ー

(0)

Total

72,068

76,237

(4,169)

(5.5%)

48,176

+606

*Segment profit adjustment amounts include intersegment eliminations



5/20

Geographic Area Segments for 3rd Quarter of FY2025（Jan-Sep)


(Millions of yen)

Net Sales

2025

Jan-Sep Results

85,606

298,160

51,521

-

435,289

2024

Jan-Sep Results

79,319

285,667

55,621

-

420,608

Change

Change

(%)

2025

1H Results

Change

(YoY)

Japan N.America Other

Eliminations or

Adjustments

Total

+6,286

+12,492

(4,099)

-

+14,680

+7.9％

+4.4％ (7.4％)

-

+3.5％

55,462

191,926

36,021

-

283,410

+3,716

+6,151

+41

-

+9,908

*Net sales do not include intersegment internal net sales or transfers

2025

Jul-Sep Results

Change

(YoY)

30,144

+2,570

106,234

+6,341

15,499

(4,140)

-

-

151,878

+4,771



Operating Income

Japan N.America Other Eliminations or

Adjustments

Total

2025

Jan-Sep

Results

44,349

14,165

12,157

1,395

72,068

2024

Jan-Sep

Results

50,041

16,569

5,418

4,208

76,237

Change

(5,691)

(2,403)

+6,739

(2,813)

(4,169)

Change (%)

(11.4％)

(14.5％)

+124.4％

-

(5.5％)

2025

1H Results

29,932

10,337

8,965

(1,059)

48,176

Change (YoY)

(5,674)

+1,816

+5,507

(1,042)

+606

2025

Jul-Sep

Results

Change (YoY)

14,416

(17)

3,827

(4,220)

3,192

+1,231

2,455

(1,770)

23,892

(4,776)





6/20

  1. Financial Results for 3rd Quarter of FY2025

  2. Financial Forecast for FY2025

  3. Topics



Financial Forecast for FY2025（Jan-Dec）


（Millions of yen）

2025

Forecast

2024

Results

Change

(%)

2025



Previous Forecast

2025

Oct-Dec Forecast

154,710

Change

(YoY)

+9,961

22,931

14.8%

19,287

+5,188

-

(5,021)

11,942

(7,671)

Change

Change

Net Sales 590,000

565,358 +24,641 +4.4%

585,000

+5,000

Operating Income

95,000

93,981 ＋1,018 ＋1.1%

90,000

+5,000

Margin 16.1%

16.6% ー ー

15.4% ー

Ordinary Income Profit

Attributable

to Owners of Parent*

90,000

65,000

102,117 (12,117) (11.9％)

74,810 (9,810) (13.1％)

78,000

56,000

+12,000

+9,000

Annual Dividends per Share

±0

130 Yen

ー

＋10 Yen

120 Yen

130 Yen



*Profit attributable to parent company shareholders

Mid-Term '21 Plan Key

1 USD

1 EUR

151 Yen

164 Yen

(2 Yen)

＋3 Yen

167 Yen

149 Yen



Performance Indicators

Over 14%

Dividend policy

（Dividend payout ratio）

Consolidated OP margin

30% or higher

Forex Rate Sensitivity 2025

USD

0.8 Billion Yen/Year

EUR

0.1 Billion Yen/Year

Impact of 1 yen fluctuation on operating income



8/20

Analysis of Operating Income for FY2025（Jan-Dec）（vs 2024）


（Billions of yen）

Tires

94.0

95.0

＋1.4

Others (0.4)

＋20.6 ＋0.3 (0.0) (1.3) (3.0) (4.0) (11.2) (0.4) (0.0)

2024

Sales

Production

SGA

Raw

Forex

Freight

Tariff

Automotive

Other

2025

Results

Factors

Cost

Expenses

Materials

Rate

Cost

Impact

Parts

Forecast

Sales Factors

Production Cost

SGA

Expenses

Raw Materials

Forex Rate

Freight Cost

Tariff Impact

Automotive Parts

Other

Total

Jan-Jun Results

+11.4

(1.8)

(0.8)

(5.1)

(2.3)

(0.7)

(0.4)

+0.4

(0.0)

+0.6

Jul-Sep Results

+0.0

+0.8

(0.2)

+1.7

(1.4)

(0.7)

(4.8)

(0.1)

+0.0

(4.8)

Oct-Dec Forecast

+9.2

+1.4

+1.0

+2.2

+0.7

(2.6)

(6.0)

(0.7)

(0.0)

+5.2



9/20