Toyo Tire Income Statement

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	590,364	594,923	565,358	552,825	497,213	393,647
Revenue Growth (YoY)	2.97%	5.23%	2.27%	11.19%	26.31%	14.51%
Cost of Revenue	355,001	360,108	334,595	336,314	299,237	232,606
Gross Profit	235,363	234,815	230,763	216,511	197,976	161,041
Selling, General & Admin	139,813	137,455	136,621	139,613	153,944	107,962
Operating Expenses	139,822	137,464	136,782	139,612	153,930	107,960
Operating Income	95,541	97,351	93,981	76,899	44,046	53,081
Interest Expense	-860	-1,007	-1,495	-1,068	-1,278	-1,458
Interest & Investment Income	1,571	1,481	1,525	1,751	1,607	1,728
Earnings From Equity Investments	-39	28	57	-30	199	167
Currency Exchange Gain (Loss)	9,658	4,679	7,989	8,620	7,736	5,090
Other Non Operating Income (Expenses)	-1,448	-1,205	59	-125	-1,275	-2,701
EBT Excluding Unusual Items	104,423	101,327	102,116	86,047	51,035	55,907
Gain (Loss) on Sale of Investments	2,532	2,636	4,668	12,940	18,277	266
Gain (Loss) on Sale of Assets	-123	222	2,045	-	299	4,280
Asset Writedown	-14,976	-14,946	-8,678	-2,671	-1,131	-1,623
Other Unusual Items	1	-	1,432	-232	-1,856	-1,469
Pretax Income	91,857	89,239	101,583	96,084	66,624	57,361
Income Tax Expense	26,272	25,625	26,773	23,898	18,668	15,897
Earnings From Continuing Operations	65,585	63,614	74,810	72,186	47,956	41,464
Minority Interest in Earnings	-	-	-	87	-	-114
Net Income	65,585	63,614	74,810	72,273	47,956	41,350
Net Income to Common	65,585	63,614	74,810	72,273	47,956	41,350
Net Income Growth	0.50%	-14.97%	3.51%	50.71%	15.98%	253.96%
Shares Outstanding (Basic)	154	154	154	154	154	154
Shares Outstanding (Diluted)	154	154	154	154	154	154
Shares Change (YoY)	-	0.01%	0.01%	0.01%	0.01%	0.00%
EPS (Basic)	425.89	413.10	485.86	469.41	311.51	268.62
EPS (Diluted)	425.89	413.10	485.86	469.41	311.51	268.62
EPS Growth	-	-14.98%	3.50%	50.69%	15.97%	253.95%
Free Cash Flow	-	69,395	48,396	63,839	-27,858	-1,847
Free Cash Flow Per Share	-	450.64	314.31	414.64	-180.96	-12.00
Dividend Per Share	125.000	125.000	120.000	100.000	-	76.000
Dividend Growth	4.17%	4.17%	20.00%	-	-	68.89%
Gross Margin	39.87%	39.47%	40.82%	39.16%	39.82%	40.91%
Operating Margin	16.18%	16.36%	16.62%	13.91%	8.86%	13.48%
Profit Margin	11.11%	10.69%	13.23%	13.07%	9.64%	10.50%
Free Cash Flow Margin	-	11.67%	8.56%	11.55%	-5.60%	-0.47%
EBITDA	131,208	132,906	129,087	107,671	70,794	74,549
EBITDA Margin	22.23%	22.34%	22.83%	19.48%	14.24%	18.94%
D&A For EBITDA	35,667	35,555	35,106	30,772	26,748	21,468
EBIT	95,541	97,351	93,981	76,899	44,046	53,081
EBIT Margin	16.18%	16.36%	16.62%	13.91%	8.86%	13.48%
Effective Tax Rate	28.60%	28.72%	26.36%	24.87%	28.02%	27.71%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.