Toyo Tire (JP:5105) has released an update.
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Toyo Tire Corporation reported a 2.8% increase in net sales and a significant 51.5% rise in operating income for the third quarter of fiscal year 2024, despite a slight decrease in profit attributable to owners. The Tire Business Unit showed strong performance with a 3.5% increase in net sales, while the Automotive Parts Business Unit saw a decrease in net sales but improved operating income. Overall, the company’s financial position strengthened with an increase in total assets and net assets, and a higher capital ratio.
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