Toyo Tire's subsidiary Toyo Tire Serbia d.o.o. recognized impairment losses on fixed assets following a review of future plans based on current business conditions. Additionally, the company recorded an equity investment valuation loss of 13,437 million yen for Toyo Tire Holdings of Europe GmbH due to significant decline in its fair value, which is recognized as an extraordinary loss in individual financial statements for the fiscal year ended December 2025.
ยฅ13.4bn
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Summary
Toyo Tire's subsidiary Toyo Tire Serbia d.o.o. recognized impairment losses on fixed assets following a review of future plans based on current business conditions. Additionally, the company recorded an equity investment valuation loss of 13,437 million yen for Toyo Tire Holdings of Europe GmbH due to significant decline in its fair value, which is recognized as an extraordinary loss in individual financial statements for the fiscal year ended December 2025.
Counterparty: Toyo Tire Serbia d.o.o.; Toyo Tire Holdings of Europe GmbH