Year-on-Year Increase in Revenue and Profit
The company achieved a year-on-year increase in both revenue and adjusted operating profit, partly due to favorable foreign exchange rates. Revenue was approximately JPY4.4 trillion, and adjusted operating profit was approximately JPY480 billion.
Premium Tire Business Performance
The premium tire business secured an adjusted operating profit margin level of 14%, with a focus on enhancing profitability through business optimization and cost management.
North American Business Recovery
In North America, revenue and profit increased compared to the prior year, with aftermarket tire sales growth contributing to business recovery.
Specialties Tire Solutions Growth
The Specialties Tire Solutions business, including mining and aircraft tires, saw increased profit versus the prior year, with strong sales in mining tire solutions and improved profitability in aircraft tires.
Shareholder Return Strategy
The company plans a share buyback of up to 75 million shares costing JPY300 billion and aims to increase shareholders' return by improving the dividend amount to JPY230 for 2025.