Skip to main content
Sister Publication Links
  • Rubber & Plastics News
Subscribe
  • My Account
  • LogIn
  • News
  • Technology Focus
    • Features
    • Technical Papers
    • Analysis: Rubber mixing plants of the future
      Analysis: US probes dumping by ESBR suppliers
      Opinion: Tire labels stuck in a rut
      Analysis: NR pricing takes one step forward, two steps back
    • White paper: Role of tire innerliners in improving 'in-use rolling resistance'
      White paper: Why tire air retention matters now more than ever
      Nippon Soda: Use of 1,2-polybutadiene in CSM rubber applications
      Elastomers for Sustainability Top 10
  • Events
    • ERJ Events
    • ERJ Livestreams & Webinars
    • Industry Events
    • Journey to Automation Awards 2020
      Sustainability: Top 10 E4S projects table
  • Maps & Reports
  • People
  • Directory
  • Digital Edition
  • Brainiac
MENU
Breadcrumb
  1. Home
  2. News
May 12, 2011 12:00 AM

Toyo's net earnings drop more than 80 percent

ERJ Staff
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    ERJ staff report (TB)

    Osaka, Japan -- Toyo Tire & Rubber Co. Ltd. suffered an 82.6- percent drop in net earnings for the fiscal year ended March 31 as sales grew 2.2 percent to yen 294,092 million (euro 2569 million)

    Toyo's operating income grew 40.6 percent to 12.182 million yen (euro 106 million) , or 4.1 percent of sales, overcoming to a degree higher costs for raw materials throughout the year. Net income fell to 0.2 percent of sales.

    Toyo management is forecasting a drop in operating income for fiscal 2012 of about 63 percent. Sales are expected to rise nearly 10 percent.

    The tyre business unit reported a 27.8- percent gain in operating income to yen 216,596 million yen on 1.1- percent higher sales, to yen 216,596 million. Toyo reported higher revenue in Europe and North America, while domestic revenue was on par with the previous year.


    From Tire Business (A Crain publication)

    Press release from Toyo

    RECOMMENDED FOR YOU
    Ferentino Tire opens $250m production plant in Sri Lanka
    Ferentino Tire opens $250m production plant in Sri Lanka
    Synthomer raises earnings guidance by 10%
    Synthomer raises earnings guidance by 10%
    Apollo claims “industry first” for service centre in India
    Apollo claims “industry first” for service centre in India
    Free Newsletters

    Breaking news and in-depth coverage of essential topics delivered straight to your inbox.

    Subscribe today

    Get the latest news impacting the European rubber industry, from breaking news to razor-sharp analysis, in print and online.

    Subscribe now
    Connect with Us
    • LinkedIn
    • Twitter
    • Youtube

    Logo
    Contact Us

    @ 2019 European Rubber Journal. All rights reserved.
    Contact Us European Rubber Journal, Crain Communication LTD, Ground Floor 11 Ironmonger Lane, London EC2V 8EY, UK

    Customer Service:
    1-313-446-0450

    Resources
    • About us
    • Contact Us
    • Staff
    • Advertise with Us
    • Media Kit
    • Careers
    • Ad Choices Ad Choices
    • Sitemap
    Legal
    • Terms and Conditions
    • Privacy Policy
    • Privacy Request
    Copyright © 1996-2021. Crain Communications, Inc. All Rights Reserved.
    • News
    • Technology Focus
      • Features
      • Technical Papers
    • Events
      • ERJ Events
      • ERJ Livestreams & Webinars
      • Industry Events
    • Maps & Reports
    • People
    • Directory
    • Digital Edition
    • Brainiac