TOYO TIRE raised its consolidated ordinary profit forecast for the current fiscal year from the previous forecast to ¥87 billion, while forecasting second-half ordinary profit of ¥47.5 billion. Ordinary profit for the first half fell year on year, and the latest three-month result was ¥18 billion.
On 7 August, TOYO TIRE announced its earnings and raised its full-year consolidated ordinary profit forecast for the fiscal year ending December 2026 by 6.1%, from the previous forecast of ¥82 billion to ¥87 billion. Compared with ¥101.3 billion in the prior-year period, the expected decline for the full year is now projected to narrow from 19.1% to 14.1% following the forecast revision.
At the same time, consolidated ordinary profit for the second half, covering July-December, is estimated to be ¥47.5 billion, down 17.4% year on year.
In the latest three-month period, April-June, consolidated ordinary profit was ¥18 billion, while the operating margin fell sharply from 17.4% in the prior-year period to 11.0%.