Toyo Tire (5105) Investor presentation summary

Review of previous mid-term plan and transition to 2026

• Achieved financial targets through increased output, expanded sales of priority products, and new plant launches, with operating margins averaging 15.7% from FY23–FY25.

• Dividend payout ratio maintained at 30%, with a focus on shareholder returns and capital efficiency.

• U.S. sales pursued 5th place ranking, and high-value product launches contributed to growth.

• Capital expenditures averaged 194.0B yen over five years, supporting timely product launches and plant expansions.

Macro trends and market environment

• Geopolitical risks, inflation, and changing industry structures are shaping the operating environment through 2030.

• SUV and pickup truck demand is expected to expand in the U.S. and Europe, with SUVs increasing their market share.

• Competition in environmental technologies is intensifying, especially in Europe.

Goals and strategies under the Mid-Term '26 Plan

• Aims to sustain growth with agile responses to environmental changes and reinforce proprietary strengths.

• Focus on renovating U.S. plant, expanding TBR (truck and bus radial) business, and enhancing the PROXES brand.

• New R&D center in Serbia and data-driven management initiatives planned.

• Growth investments and shareholder returns prioritized.