Toyo TireToyo Tire Corporation5105東証プライムゴム製品FY ending Dec 2025, consolidated, J-GAAP

Toyo Tire FY ending Dec 2025 results

About 92% of Toyo Tire's sales come from Tire business, with Automotive Parts Business making up much of the rest.

Out of every ¥100 of sales, about ¥16 is left as operating profit.

Revenue changed +5.2% from the prior year, operating profit +3.6%.

Revenue and profit pattern

Revenue and profit upRevenue grew faster

Revenue +5.2% · profit +3.6%, calculated from disclosed figures.

Operating leverage: 0.69× (profit growth ÷ revenue growth)

What changed from last year

FY ending Dec 2024 → FY ending Dec 2025

Revenue
+5.2%¥565.4B → ¥594.9B
Gross profit
+1.8%¥230.8B → ¥234.8B
Operating income
+3.6%¥94B → ¥97.3B
Net income attributable to owners
-15.0%¥74.8B → ¥63.6B
Operating cash flow
+38.8%¥67.1B → ¥93.1B
Free cash flow
+68.0%¥39.2B → ¥65.9B

Results at a glance

  • Revenue for FY ending Dec 2025 was ¥594.9B, up +5.2% from ¥565.4B.
  • Operating income grew +3.6% to ¥97.3B, while net income attributable to owners dropped -15.0% to ¥63.6B.
  • Operating cash flow jumped +38.8% to ¥93.1B, and free cash flow reached ¥65.9B.

What drove the change

  • Price increases stuck across markets, so sales grew faster than volume
  • Strong sales of focus products in North America, such as large light truck and SUV tires, improved margins
  • In Europe, operating changes from a business restructuring pushed volume and sales well below the prior year
  • Net income fell because an impairment loss was booked, even with a gain on selling investment securities

Things to watch

  • Most sales are overseas, so currency swings affect results
  • Prices of natural rubber and petrochemicals matter, and imported materials for the US plant are exposed to US tariffs
  • Weaker economies or car demand in North America, Europe, and Asia could hurt sales

Annual Securities Report (110th term) / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 · Annual Securities Report (110th term) / 事業等のリスク

Where the money goes

FY ending Dec 2024 → FY ending Dec 2025

Where ¥100 of sales goes

For every ¥100 Toyo Tire sells, how much goes where, and how much is kept.

FY ending Dec 2025
Cost of sales
¥61
SG&A
¥23
Operating profit
¥16
Net profit kept
¥11

Annual margin trends

Gross margin39.5%
FY ending Dec 2020: 35.8%35.8%FY ending Dec 2021: 40.9%40.9%FY ending Dec 2022: 39.8%39.8%FY ending Dec 2023: 39.2%39.2%FY ending Dec 2024: 40.8%40.8%FY ending Dec 2025: 39.5%39.5%FY20FY21FY22FY23FY24FY25
Operating margin16.4%
FY ending Dec 2020: 10.6%10.6%FY ending Dec 2021: 13.5%13.5%FY ending Dec 2022: 8.9%8.9%FY ending Dec 2023: 13.9%13.9%FY ending Dec 2024: 16.6%16.6%FY ending Dec 2025: 16.4%16.4%FY20FY21FY22FY23FY24FY25
Net margin10.7%
FY ending Dec 2020: 3.4%3.4%FY ending Dec 2021: 10.5%10.5%FY ending Dec 2022: 9.6%9.6%FY ending Dec 2023: 13.1%13.1%FY ending Dec 2024: 13.2%13.2%FY ending Dec 2025: 10.7%10.7%FY20FY21FY22FY23FY24FY25

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Dec 2025

Profit by segment

※ Segment figures include inter-segment sales and do not sum to the company total

Sources

Show source documents (6)
  • EDINET (FSA Japan)

    有価証券報告書-第110期(2025/01/01-2025/12/31)

    ID S100XTYE2026-03-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第109期(2024/01/01-2024/12/31)

    ID S100VGMV2025-03-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第108期(2023/01/01-2023/12/31)

    ID S100T4F22024-03-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第107期(2022/01/01-2022/12/31)

    ID S100QH8R2023-03-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第106期(令和3年1月1日-令和3年12月31日)

    ID S100NQNK2022-03-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第105期(令和2年1月1日-令和2年12月31日)

    ID S100L2PW2021-03-30Open

Extracted from XBRL: 52 / Derived from other figures: 2

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