kabutan

Toyo Tire, 27% Decrease in Ordinary Profit for The Current Fiscal Year, Increased Previous Year's Dividend by 10 yen, This Fiscal Year to Increase Dividend by 5 yen

Fri Feb 14, 2025 11:00 am JST Earnings

5105 Toyo Tire Corporation 【J-GAAP】

Earnings Report

Toyo Tire Corporation <5105> [TSE Prime] announced its financial results in the morning on February 14th (11:00). The consolidated ordinary profit for the fiscal year ending December 2024 increased 18.7% from the previous period to 102 billion yen. However, for the fiscal year ending December 2025, the profit is expected to decrease by 26.6% from the previous period to 75 billion yen.

At the same time, the company increased the annual dividend for the previous term from 110 yen to 120 yen (compared to 100 yen in the prior term), and has decided to increase the dividend this fiscal year to 125 yen, an increase of 5 yen from the previous fiscal year.

In the most recent three-month period, from October to December (4Q), the consolidated ordinary profit grew 12.8% from the same period last year, reaching 24.3 billion yen. However, the operating profit margin significantly dropped from 18.5% in the same period last year to 12.3%.

Kabutan News

Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 497,213 44,046 51,035 47,956 311.5 80 Feb 14, 2023 J-GAAP
Dec, 2023 552,825 76,899 86,047 72,273 469.4 100 Feb 14, 2024 J-GAAP
Dec, 2024 565,358 93,981 102,117 74,810 485.9 120 Feb 14, 2025 J-GAAP
YoY +2.3% +22.2% +18.7% +3.5% +3.5%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Guidance 560,000 86,000 82,000 60,000 389.7 110 Nov 13, 2024 J-GAAP
Dec, 2024 Results 565,358 93,981 102,117 74,810 485.9 120 Feb 14, 2025 J-GAAP
Revision Rate +1.0% +9.3% +24.5% +24.7% +24.7%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2024 273,501 47,569 59,770 42,005 272.8 50 Aug 9, 2024 J-GAAP
Jan - Jun, 2025 Guidance 277,000 38,000 30,000 21,000 136.4 60 Feb 14, 2025 J-GAAP
YoY +1.3% -20.1% -49.8% -50.0% -50.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 552,825 76,899 86,047 72,273 469.4 100 Feb 14, 2024 J-GAAP
Dec, 2024 565,358 93,981 102,117 74,810 485.9 120 Feb 14, 2025 J-GAAP
Dec, 2025 Guidance 585,000 85,000 75,000 50,000 324.7 125 Feb 14, 2025 J-GAAP
YoY +3.5% -9.6% -26.6% -33.2% -33.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 143,604 26,575 21,558 15,505 100.7 18.5 Feb 14, 2024 J-GAAP
Jan - Mar, 2024 127,557 25,975 31,880 23,058 149.8 20.4 May 14, 2024 J-GAAP
Apr - Jun, 2024 145,944 21,594 27,890 18,947 123.1 14.8 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 147,107 28,668 18,038 13,191 85.7 19.5 Nov 13, 2024 J-GAAP
Oct - Dec, 2024 144,750 17,744 24,309 19,614 127.4 12.3 Feb 14, 2025 J-GAAP
YoY +0.8% -33.2% +12.8% +26.5% +26.5%

Related Articles