Toyo Tire Corporation reported net sales of 135,510 million yen (£706.8 million, €863.1 million, $928.2 million), up 6.2 per cent compared with the same period in 2024. However, despite the healthy increase in turnover, operating income fell 13.7 per cent to 22,419 million yen (£116.9 million, €142.8 million, $153.6 million).
Broken down by business unit, it is clear that Toyo’s overall first quarter 2025 performance reflects the experience of the Tire Business Unit. The Tire Business Unit posted net sales of 123,764 million yen (£645.6 million, €788.3 million, $847.7 million), up 7,198 million yen (£37.5 million, €45.8 million, $49.3 million), or 6.2 per cent from the same period in 2024.
