Toyo Tire (5105) Q3 2025 earnings summary

Executive summary

• Net sales for the third quarter reached 435.3 billion yen, a record high since 2013, rising 3.5% year-over-year for Jan–Sep 2025.

• Operating income for the quarter was 72.1 billion yen, down 5.5% year-over-year due to higher costs.

• Ordinary income dropped 9.1% year-over-year to 70.7 billion yen, impacted by foreign exchange losses.

• Profit attributable to owners of parent declined 3.9% year-over-year to 53.1 billion yen.

Financial highlights

• Gross profit decreased to 172.9 billion yen from 177.9 billion yen year-over-year.

• Selling, general and administrative expenses slightly decreased to 100.8 billion yen.

• Extraordinary income increased to 3.7 billion yen, mainly from gains on sale of investment securities.

• Total assets at September 30, 2025 were 712.0 billion yen, down 10.6 billion yen from December 31, 2024.

• Net assets increased by 21.2 billion yen to 493.8 billion yen.

Outlook and guidance

• Full-year operating income forecast raised to 95.0 billion yen, up 5.0 billion yen from previous guidance.

• Net sales for FY2025 projected at 590.0 billion yen, up 4.4% year-over-year.

• Profit attributable to owners of parent forecast at 65.0 billion yen, down 13.1% year-over-year.

• Annual dividend per share forecast unchanged at 130 yen, with a payout ratio of 31%.