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Toyo Tire ( (JP:5105) ) has provided an announcement.
Toyo Tire Corporation announced its consolidated business performance for fiscal year 2024, reporting a 2.3% increase in net sales to 565,358 million yen. The tire business unit showed strong growth, with a 2.8% rise in net sales and a 20% increase in operating income, while the automotive parts unit saw a decrease in sales but a substantial rise in operating income. Total assets and net assets increased significantly, and the capital ratio rose to 65.4%, indicating a strengthened financial position.
More about Toyo Tire
Toyo Tire Corporation, based in Hyogo, Japan, is a notable player in the tire and automotive parts industry. The company primarily focuses on the production and sale of tires and automotive components, with significant market presence in these sectors.
YTD Price Performance: 6.14%
Average Trading Volume: 858
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $2.5B
See more insights into 5105 stock on TipRanks’ Stock Analysis page.
