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Toyo Tire, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 4%, Dividend Revised Upward by 5 Yen

Fri Aug 8, 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 August 8th (11:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending December 2025 (January to June) decreased 26.8% from the same period last year to 43.7 billion yen.

However, the full-year forecast for consolidated ordinary profit has been revised upward 4.0%, from the previous forecast of 75.0 billion yen to 78.0 billion yen (compared to 102 billion yen in the previous period), and the declining rate is expected to decrease from 26.6% to 23.6%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the July to December period (second half) is expected to decrease 19.1% from the same period last year to 34.2 billion yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 125 yen to 130 yen (compared to 120 yen in the previous period).

In the most recent three-month period, from April to June (2Q), the consolidated ordinary profit decreased to 25.4 billion yen, an 8.7% decrease compared to the same period last year. However, the operating profit margin rose from 14.8% in the same period last year to 17.4%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Jun, 2023 265,457 26,673 38,761 29,122 189.2 45.0 Aug 10, 2023 J-GAAP
Jan - Jun, 2024 273,501 47,569 59,770 42,005 272.8 58.5 Aug 9, 2024 J-GAAP
Jan - Jun, 2025 283,410 48,176 43,730 33,330 216.5 56.1 Aug 8, 2025 J-GAAP
YoY +3.6% +1.3% -26.8% -20.7% -20.7%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2025 Guidance 277,000 38,000 30,000 21,000 136.4 60 Feb 14, 2025 J-GAAP
Jan - Jun, 2025 Results 283,410 48,176 43,730 33,330 216.5 60 Aug 8, 2025 J-GAAP
Revision Rate +2.3% +26.8% +45.8% +58.7% +58.7%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2025 Prev 585,000 85,000 75,000 50,000 324.7 125 Feb 14, 2025 J-GAAP
Dec, 2025 New 585,000 90,000 78,000 56,000 363.6 130 Aug 8, 2025 J-GAAP
Revision Rate 0.0% +5.9% +4.0% +12.0% +12.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 291,857 46,412 42,347 32,805 213.1 70 Feb 14, 2025 J-GAAP
Jul - Dec, 2025 Guidance 301,590 41,824 34,270 22,670 147.2 70 Aug 8, 2025 J-GAAP
YoY +3.3% -9.9% -19.1% -30.9% -30.9%

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 90,000 78,000 56,000 363.6 130 Aug 8, 2025 J-GAAP
YoY +3.5% -4.2% -23.6% -25.1% -25.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Jan - Mar, 2025 135,510 22,419 18,256 13,505 87.7 16.5 May 13, 2025 J-GAAP
Apr - Jun, 2025 147,900 25,757 25,474 19,825 128.8 17.4 Aug 8, 2025 J-GAAP
YoY +1.3% +19.3% -8.7% +4.6% +4.6%

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