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Consumer Durables

Toyo Tire & Rubber Co., Ltd.

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 2019 JPYUSD
Revenue377,457M3,462.56M
Gross Profit130,822M1,200.08M
Operating income38,448M352.69M
Income before tax34,055M312.40M
Net income24,483M224.59M
EBITDA63,795M585.21M
Diluted EPS161.401.48
Dividends Per Share450.41
Total Assets468,746M4,313.28M
Total liabilities244,235M2,247.38M
Total equity222,762M2,049.79M
Operating cash flow11,229M103.00M
Currency in JPYCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 407,789M 381,635M 404,999M 393,220M 377,457M
Gross Profit 149,621M 132,111M 132,739M 134,170M 130,822M
Operating income 63,381M 49,316M 45,308M 42,391M 38,448M
Income before tax 5,267M -15,463M 21,532M 17,067M 34,055M
Net income 1,674M -12,260M 15,477M 10,554M 24,483M
EBITDA 88,486M 74,579M 71,029M 68,378M 63,795M
Diluted EPS 13.18 -96.54 121.86 83.09 161.40
Dividends Per Share 45 45 45 45 45
Total Assets 522,937M 491,088M 473,876M 469,377M 468,746M
Total liabilities 347,573M 345,463M 310,058M 312,122M 244,235M
Total equity 171,851M 141,578M 159,080M 152,740M 222,762M
Operating cash flow 41,305M 38,865M 13,430M 19,063M 11,229M
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 3,368.35M 3,512.22M 3,611.75M 3,560.39M 3,462.56M
Gross Profit 1,235.87M 1,215.83M 1,183.75M 1,214.83M 1,200.08M
Operating income 523.52M 453.86M 404.05M 383.82M 352.69M
Income before tax 43.50M -142.30M 192.02M 154.53M 312.40M
Net income 13.82M -112.83M 138.02M 95.56M 224.59M
EBITDA 730.89M 686.35M 633.43M 619.12M 585.21M
Diluted EPS 0.10 -0.88 1.08 0.75 1.48
Dividends Per Share 0.37 0.41 0.40 0.40 0.41
Total Assets 4,347.12M 4,210.46M 4,206.62M 4,278.14M 4,313.28M
Total liabilities 2,889.33M 2,961.91M 2,752.40M 2,844.84M 2,247.38M
Total equity 1,428.57M 1,213.85M 1,412.16M 1,392.15M 2,049.79M
Operating cash flow 341.18M 357.67M 119.76M 172.60M 103.00M

Valuation Measures

Dec 2019
PER9.75
ROA5.21%
ROE13.04%
Operating margin10.18%
Profit margin6.48%

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 & Managing Executive Officer: Masayuki Kanai

Shareholders

  • Mitsubishi Corp. (19.9%)
  • Orbis Investment Management Ltd. (5.0%)
  • Asset Management One Co., Ltd. (4.5%)
  • Sumitomo Mitsui DS Asset Management Co., Ltd. (3.9%)
  • Bridgestone Corp. (3.2%)
  • Toyota Motor Corp. (3.0%)
  • Wellington Management Co. LLP (2.7%)
  • Deka Investment GmbH (2.7%)
  • Nomura Asset Management Co., Ltd. (2.1%)
  • Mitsubishi UFJ Financial Group, Inc. (1.8%)

Contact Details

Related Companies

  • 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
  • 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 Shanghai Co., Ltd.
  • Nitto Tire U.S.A., Inc.
  • Sapporo Toyo Recap YK
  • Toyo Tire Benelux BV
  • Fukushima Rubber Co. Ltd.
  • Toyo Tires Logistics Co. Ltd.
  • Kuwanasabisu KK
  • Ayabe Toyo Rubber Co. Ltd.
  • Toyo Tire Italia SpA

Competitors

  • Goodyear Tire & Rubber Company
Last Updated on 7 Aug, 2020

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