KOBE, Japan -- Toyo Tire reported a record-high net profit of 74.8 billion yen ($491 million) for 2024 on Friday, boosted by American tire sales and the soft yen.
Companies
Japan's Toyo Tire posts record profit on strong U.S. sales, weak yen
Withdrawal from loss-making Chinese operation expected
The weak yen lifted Toyo Tire's profit by about 10 billion yen in 2024. (Photo by Keiichiro Sato)
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