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Consumer Durables

Toyo Tire Corp.

Business Summary

Toyo Tire Corp. engages in the manufacture and sale of car tires, industrial rubber materials, polyurethane products, waterproof sheets, and seat cushions. It operates through the following segments: Tire Business, DiverTech Business, and Other. The Tire Business segment manufactures and sells tires and related equipment for passenger cars, trucks, buses, and industrial vehicles. The DiverTech Business segment produces and sells insulators, waterproof sheets, transport equipment, industrial and building materials, and related products. The Other segment includes finance loans and purchasing credits to domestic affiliates and real estate business. The company was founded on August 1, 1945 and is headquartered in Osaka, Japan.

Financial Highlights

Dec 2020 JPYUSD
Revenue343,764M3,219.71M
Gross Profit123,240M1,154.27M
Operating income36,329M340.25M
Income before tax15,700M147.04M
Net income11,683M109.42M
EBITDA57,513M538.67M
Diluted EPS75.890.71
Dividends Per Share450.42
Total Assets445,579M4,315.74M
Total liabilities222,881M2,158.75M
Total equity220,776M2,138.36M
Operating cash flow53,796M503.85M
Currency in JPYCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 381,635M 404,999M 393,220M 377,457M 343,764M
Gross Profit 132,111M 132,739M 134,170M 130,822M 123,240M
Operating income 49,316M 45,308M 42,391M 38,448M 36,329M
Income before tax -15,463M 21,532M 17,067M 34,055M 15,700M
Net income -12,260M 15,477M 10,554M 24,483M 11,683M
EBITDA 74,579M 71,029M 68,378M 63,795M 57,513M
Diluted EPS -96.54 121.86 83.09 161.40 75.89
Dividends Per Share 45 45 45 45 45
Total Assets 491,088M 473,876M 469,377M 468,746M 445,579M
Total liabilities 345,463M 310,058M 312,122M 244,235M 222,881M
Total equity 141,578M 159,080M 152,740M 222,762M 220,776M
Operating cash flow 38,865M 13,430M 19,063M 11,229M 53,796M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 3,512.22M 3,611.75M 3,560.39M 3,462.56M 3,219.71M
Gross Profit 1,215.83M 1,183.75M 1,214.83M 1,200.08M 1,154.27M
Operating income 453.86M 404.05M 383.82M 352.69M 340.25M
Income before tax -142.30M 192.02M 154.53M 312.40M 147.04M
Net income -112.83M 138.02M 95.56M 224.59M 109.42M
EBITDA 686.35M 633.43M 619.12M 585.21M 538.67M
Diluted EPS -0.88 1.08 0.75 1.48 0.71
Dividends Per Share 0.41 0.40 0.40 0.41 0.42
Total Assets 4,210.46M 4,206.62M 4,278.14M 4,313.28M 4,315.74M
Total liabilities 2,961.91M 2,752.40M 2,844.84M 2,247.38M 2,158.75M
Total equity 1,213.85M 1,412.16M 1,392.15M 2,049.79M 2,138.36M
Operating cash flow 357.67M 119.76M 172.60M 103.00M 503.85M

Valuation Measures

Dec 2020
PER20.66
ROA2.55%
ROE5.26%
Operating margin10.56%
Profit margin3.39%

Key executives

  • President & Representative Director: Takashi Shimizu
  • Executive Officer, GM-Compliance & Legal Affairs: Masao Takiwaki
  • Director & Executive Officer: Yoji Imura
  • Director, Executive Officer & Head-Corporate: Takehiko Sasamori
  • Director & Executive Officer: Satoru Moriya

Shareholders

  • Mitsubishi Corp. (19.9%)
  • Asset Management One Co., Ltd. (5.2%)
  • Orbis Investment Management Ltd. (5.0%)
  • Bridgestone Corp. (3.2%)
  • Toyota Motor Corp. (3.0%)
  • Nomura Asset Management Co., Ltd. (2.4%)
  • Mitsubishi UFJ Financial Group, Inc. (1.8%)
  • The Vanguard Group, Inc. (1.5%)
  • Deka Investment GmbH (1.5%)
  • T. Rowe Price International Ltd. (1.5%)

Contact Details

Related Companies

  • Nitto Japan Co., Ltd.
  • Showa Estate Co., Ltd.
  • TMM (US), Inc.
  • FTG Company Co., Ltd.
  • Toyo Tire Restricted Stock Compensation Plan
  • Toyo Tires (Zhucheng) Co., Ltd.
  • Toyo Tyre Sales & Marketing Malaysia Sdn. Bhd.
  • NT Mexico S de RL de CV
  • Toyo Tire Rus LLC
  • Toyo Automotive Parts (Guangzhou) Co., Ltd.
  • Toyo Automotive Parts de Mexico SA de CV
  • Toyo Tire Mexico LLC
  • Toyo Tire (Thailand) Co., Ltd.
  • Cheng Shin-Toyo Kunshan Machinery Co. Ltd.
  • Toyo Rubber Chemical Products (Thailand) Ltd.
  • Toyo Automotive Parts (USA), Inc.
  • Toyo Tyre Malaysia Sdn. Bhd.
  • Toyo Tire North America OE Sales LLC
  • Wuxi Toyo-Meifeng Rubber Products Co., Ltd.
  • Nitto Tire Canada, Inc.
  • Toyo Rubber Chemical & Industrial Products (HK) Ltd.
  • Orient Koki Co. Ltd.
  • Toyo Tire & Rubber Employee Stock Ownership
  • Toyo Tire & Rubber Pension Fund
  • Toyo Tire (Zhucheng) Co., Ltd.
  • Toyo Tire Canada, Inc.
  • Toyo Tire Zhangjiagang Co., Ltd.
  • Toyo Tire (Shanghai) Co., Ltd.
  • Nitto Tire U.S.A., Inc.
  • Sapporo Toyo Recap YK

Competitors

  • Goodyear Tire & Rubber Company
Last Updated on 22 Oct, 2021

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