ERJ staff report (DS)
Tokyo - Toyo Tire & Rubber has released the analysts presentation given on 9 November following publication of its results for the six months to September 2012. The current financial year will last only 9 months, as the company is changing from an April-March fiscal year to January-December.
Toyo said it began full-scale production of tyres for the China domestic market at the factory in China (May).
The company outlined its rubber production in the period, which showed an increase in the volumes produced outside Japan. Within Japan the company processed 66.6 kt of rubber in the six months to September 2012. This compares with 143.9 kt in the 12 months to March 2012 and t147.4 in the 12 months prior to that.
Rubber processed outside Japan was 44.8kt in the first six months, but that is almost as much as the 59.8 kt processed in the whole of fiscal 2011-12.
This is an external link and should open in a new window. If the window does not appear, please check your pop-up blocking software. ERJ is not responsible for the content of external sites.
Download presentation materials from Toyo