Toyo Tire & Rubber Co., Ltd. has reported that in the fiscal year 2012, ranging from April 1 through December 31, its consolidated net sales amounted JPY291,110 million whilst operating income reached JPY15,650 million . Meanwhile, net income posted is valued at JPY13,218 million.
The company’s Tyre Business Unit posted net sales of JPY228,744 million , and operating income of JPY13,014 million. Tyres for new vehicles have rebounded from decreased production after the earthquake disaster; production volume of domestic cars has increased, and as a result of strong sales of vehicle types equipped with Toyo tyres, both sales volume and net sales were favorable.
In the homefront, the replacement market for passenger vehicle tyres, with an increase in added-value products such as fuel-efficient tyres and strong sales of winter tyres due to snowfall, has posted favourable sales volume and net sales . Overseas, the replacement market in North America, despite the impact of a sluggish economy, has sales remained at the same level as last year; this is partly due to strong sales of SUV tyres. In Europe, sales also remained at the same level as last year due to the impact of an economic downturn of the overall market. Whilst in Southeast Asia, both sales volume and sales were favorable.
Overall, sales volume and sales for the overseas market also remained at the same level as last year.
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