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Toyo Tire struggles to rebuild trust, leadership after scandal

Takuji Yamamoto, Toyo Tire & Rubber president

OSAKA -- Toyo Tire & Rubber reported strong earnings despite a scandal over data falsification involving its earthquake shock absorbers, but the company still faces a rough road ahead in rebuilding trust as its efforts to appoint a new board stall.

     Toyo Tire's operating profit jumped 35% to 29.1 billion yen ($232 million) for the January-June period, the company said Monday. Sales rose 4% to 194.4 billion yen. But on a net basis, it bled 4.1 billion yen due to an extraordinary loss of around 30.4 billion yen linked to the scandal.

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