Toyo Tire Corporation

5105 TOYO TIRE株式会社

Auto Parts · Prime · TSE: Disclosed

PRICE: ¥3,699 · MKT CAP: ¥569.6B · P/E: 9.0x · P/B: 1.09x · DIV YIELD: 3.5%

PRICE — 5Y

Characteristics & Business Summary

Toyo Tire Corporation manufactures and sells tires in Japan, North America, and internationally. It operates in two segments, Tires and Automotive Parts. The company provides tires for passenger vehicles, lights trucks, cars, SUVs, and buses under the Toyo...

Income Statement Highlights (¥ Million, except EPS/DPS in ¥)

Fiscal Period	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Net Sales	393,647	497,213	552,825	565,358	594,923
Operating Profit	53,080	44,046	76,899	93,981	97,350
Ordinary Profit	55,909	51,035	86,047	102,117	101,328
Net Profit	41,350	47,956	72,273	74,810	63,614
EPS	¥269	¥312	¥469	¥486	¥413
DPS	¥76	¥80	¥100	¥120	¥130

Balance Sheet & Valuation Highlights

Total Assets ¥753B

Net Assets (Equity) ¥523B

Equity Ratio 69.4%

ROE (Return on Equity) 14.8%

Cash & Equivalents ¥117B

Interest-Bearing Debt ¥65B

Capital Expenditure (CapEx) ¥24B

Depreciation & Amort. ¥36B

Major Shareholders

1. Mitsubishi Corporation 20.0%
2. Japan Master Trust Bank 12.1%
3. Japan Custody Bank 5.4%
4. State Street Bank and Trust Company 3.6%
5. JPMorgan Securities Japan Co., Ltd. 2.4%
6. State Street Bank and Trust Company 2.0%
7. Citibank, N.A. 1.8%
8. State Street Bank and Trust Company 1.7%
9. State Street Bank and Trust Company 1.7%
10. Japan Securities Finance Co.,Ltd. 1.4%

Activist Activity

Mizuho Securities Co., Ltd. 4.61%

2025-02-07 · change

Mizuho Securities Co., Ltd. 5.45%

2025-01-22 · change

Mizuho Securities Co., Ltd. 5.87%

2025-01-10 · initial_5pct

Mizuho Securities Co., Ltd. 4.0%

2024-12-06 · change

Mizuho Securities Co., Ltd. 5.48%

2024-11-22 · initial_5pct

Historical Per-Share Data & Valuation Ratios

Per Share Metric	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenues per share	¥2,557	¥3,230	¥3,591	¥3,672	¥3,864
FCF/Share	¥-12	¥-181	¥415	¥314	¥451
EPS	¥269	¥312	¥469	¥486	¥413
DPS	¥76	¥80	¥100	¥120	¥130
Capital Spending per share	¥236	¥280	¥147	¥121	¥154
Book Value per share	¥1,528	¥1,754	¥2,152	¥2,507	¥2,792
Common Shares Outstanding	154M	154M	154M	154M	154M

Financial Aggregates & Margins

Financial Aggregate	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenues (Net Sales)	¥394B	¥497B	¥553B	¥565B	¥595B
Operating Margin (%)	13.5%	8.9%	13.9%	16.6%	16.4%
Net Profit (owners)	¥41B	¥48B	¥72B	¥75B	¥64B
Net Profit Margin (%)	10.5%	9.6%	13.1%	13.2%	10.7%
Working Capital	¥-14B	¥12B	¥49B	¥124B	¥178B
Total Debt (Interest-bearing)	¥99B	¥86B	¥83B	¥87B	¥65B
Net Worth (Common Equity)	¥235B	¥270B	¥331B	¥386B	¥430B
Return on Total Assets (ROA)	7.8%	8.0%	11.2%	10.4%	8.4%
Return on Common Equity (ROE)	17.6%	17.8%	21.8%	19.4%	14.8%

Business Summary & Analysis

Capital Strategy Targets

No active capital policy disclosure records found.