Cash flow Toyo Tire Corporation

Stocks

5105

JP3610600003

Tires & Rubber Products

Delayed Japan Exchange Other stock markets 01:04:03 2026-06-16 am EDT			5-day change	1st Jan Change
3,845.00 ^JPY	-2.01%		+5.32%	-11.37%

May. 14	Toyo Tire's Profit Climbs 15% in Q1	MT
May. 14	Toyo Tire Corporation Reports Earnings Results for the First Quarter Ended March 31, 2026	CI

5a0090bcb133b213568d5.NHCag_bV7k8SZs4aABC71NM_QtAYjyrv8Ty-FJ5WgRE.QkPfu5WjtytXKqVpbUD_lYUGOqVSulzfl0vyf-cc9iJfSKLyl6G_P2MMhw

Published financial data: TOYO TIRE CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	394B	497B	553B	565B	595B
Total Revenues	394B	497B	553B	565B	595B
Cost of Goods Sold, Total	233B	299B	336B	335B	360B
Gross Profit	161B	198B	217B	231B	235B
Selling General & Admin Expenses, Total	108B	154B	140B	137B	137B
Provision for Bad Debts	-2M	-14M	-1M	161M	9M
Depreciation & Amortization - (IS)	-	-	-	-	-
Other Operating Expenses, Total	108B	154B	140B	137B	137B
Operating Income	53.08B	44.05B	76.9B	93.98B	97.35B
Interest Expense, Total	-1.46B	-1.28B	-1.07B	-1.5B	-1.01B
Interest And Investment Income	1.73B	1.61B	1.75B	1.52B	1.48B
Net Interest Expenses	270M	329M	683M	30M	474M
Income (Loss) On Equity Invest.	167M	199M	-30M	57M	28M
Currency Exchange Gains (Loss)	5.09B	7.74B	8.62B	7.99B	4.68B
Other Non Operating Income (Expenses)	-2.7B	-1.28B	-125M	59M	-1.2B
EBT, Excl. Unusual Items	55.91B	51.04B	86.05B	102B	101B
Gain (Loss) On Sale Of Investments	266M	18.28B	12.94B	4.67B	2.64B
Gain (Loss) On Sale Of Assets	4.28B	299M	-	2.04B	222M
Asset Writedown	-1.62B	-1.13B	-2.67B	-8.68B	-14.95B
Other Unusual Items	-1.47B	-1.86B	-232M	1.43B	0
EBT, Incl. Unusual Items	57.36B	66.62B	96.08B	102B	89.24B
Income Tax Expense	15.9B	18.67B	23.9B	26.77B	25.62B
Earnings From Continuing Operations	41.46B	47.96B	72.19B	74.81B	63.61B
Net Income to Company	41.46B	47.96B	72.19B	74.81B	63.61B
Minority Interest	-114M	-	87M	-	-
Net Income - (IS)	41.35B	47.96B	72.27B	74.81B	63.61B
Net Income to Common Incl Extra Items	41.35B	47.96B	72.27B	74.81B	63.61B
Net Income to Common Excl. Extra Items	41.35B	47.96B	72.27B	74.81B	63.61B
Per Share Items
Net EPS - Basic	268.62	311.51	469.41	485.86	413.1
Basic EPS - Continuing Operations	268.62	311.51	469.41	485.86	413.1
Basic Weighted Average Shares Outstanding	154M	154M	154M	154M	154M
Net EPS - Diluted	268.62	311.51	469.41	485.86	413.1
Diluted EPS - Continuing Operations	268.62	311.51	469.41	485.86	413.1
Diluted Weighted Average Shares Outstanding	154M	154M	154M	154M	154M
Normalized Basic EPS	226.25	207.19	349.86	414.5	411.25
Normalized Diluted EPS	226.25	207.19	349.86	414.5	411.25
Dividend Per Share	76	-	100	120	125
Payout Ratio	16.74	27.58	14.9	26.75	31.42
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	74.55B	70.79B	108B	129B	133B
EBITA	53.08B	44.05B	76.9B	93.98B	97.35B
EBIT	53.08B	44.05B	76.9B	93.98B	97.35B
Effective Tax Rate - (Ratio)	27.71	28.02	24.87	26.36	28.72
Normalized Net Income	34.83B	31.9B	53.87B	63.82B	63.33B
Non-Cash Pension Expense	-69M	-312M	-298M	-1.04B	-1.52B
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	-
Selling and Marketing Expenses	39.3B	71.76B	47.46B	54.43B	56.85B
Research And Development Expense From Footnotes	11.16B	11.32B	12.73B	13.59B	13.8B

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	55.62B	41.6B	52.88B	86.64B	117B
Total Cash And Short Term Investments	55.62B	41.6B	52.88B	86.64B	117B
Accounts Receivable, Total	82.94B	109B	108B	129B	135B
Total Receivables	82.94B	109B	108B	129B	135B
Inventory	80.95B	113B	107B	123B	127B
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	17.34B	25.96B	31.51B	35.03B	29.47B
Total Current Assets	237B	290B	299B	374B	409B
Net Property Plant And Equipment	227B	265B	287B	287B	281B
Long-term Investments	58.8B	32.74B	36.2B	31.71B	32.83B
Goodwill	-	-	-	-	-
Other Intangibles, Total	6.32B	8.53B	15.8B	22.12B	23.64B
Loans Receivable Long-Term	150M	142M	118M	118M	1.13B
Deferred Tax Assets Long-Term	2.51B	2.85B	7.6B	7.78B	6.11B
Other Long-Term Assets, Total	1M	1M	1M	2M	2M
Total Assets	531B	599B	645B	723B	753B
Liabilities
Accounts Payable, Total	34B	42.58B	38.26B	37.72B	33.72B
Accrued Expenses, Total	117M	110M	85M	100M	176M
Short-term Borrowings	40.2B	67.78B	11.65B	20.45B	13.42B
Current Portion of Long-Term Debt	-	-	-	-	5B
Current Income Taxes Payable	30.83B	43.04B	51.31B	46.45B	46.39B
Other Current Liabilities	30.21B	37.54B	41.51B	46.17B	47.25B
Total Current Liabilities	135B	191B	143B	151B	146B
Long-Term Debt	85.48B	61.37B	70.99B	66.14B	51.33B
Long-Term Leases	-	-	-	15.47B	15.81B
Pension & Other Post Retirement Benefits	3.84B	3.53B	3.53B	3.47B	3.16B
Deferred Tax Liability Non Current	16.87B	10.48B	8.14B	6.12B	6.59B
Other Non Current Liabilities	9.54B	11.55B	24.8B	8.03B	7.74B
Total Liabilities	251B	278B	250B	250B	231B
Common Stock, Total	55.94B	55.94B	55.94B	55.94B	55.94B
Additional Paid In Capital	54.33B	54.34B	54.2B	54.21B	54.26B
Retained Earnings	125B	160B	221B	276B	320B
Treasury Stock	-143M	-132M	-120M	-118M	-104M
Comprehensive Income and Other	44.71B	50.7B	63.85B	86.54B	92.68B
Total Common Equity	280B	321B	395B	473B	523B
Minority Interest	201M	231M	-	-	-
Total Equity	280B	321B	395B	473B	523B
Total Liabilities And Equity	531B	599B	645B	723B	753B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	154M	154M	154M	154M	154M
ECS Total Common Shares Outstanding	154M	-	154M	154M	154M
Book Value / Share	1.82K	2.08K	2.57K	3.07K	3.39K
Tangible Book Value	274B	312B	379B	450B	499B
Tangible Book Value Per Share	1.78K	2.03K	2.46K	2.93K	3.24K
Total Debt	126B	129B	82.64B	102B	85.56B
Net Debt	70.06B	87.54B	29.77B	15.42B	-31.7B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-400M	1.53B	-7.41B	-13.49B	-17.11B
Minority Interest, Total (Incl. Fin. Div)	201M	231M	-	-	-
Inventories - Raw Materials, Total	19.73B	29.48B	24.54B	31.13B	30.33B
Inventories - Work In Process, Total	3.88B	5.09B	5.06B	5.01B	4.35B
Inventories - Finished Goods, Total	57.33B	78.32B	77.46B	86.7B	92.04B
Full Time Employees	10.32K	10.57K	10.4K	10.41K	9.94K
Accumulated Allowance for Doubtful Accounts (Supple)	356M	328M	269M	1.1B	1.09B

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	57.36B	66.62B	96.08B	102B	89.24B
Depreciation & Amortization - CF	21.47B	26.75B	30.77B	35.11B	35.56B
Depreciation & Amortization, Total	21.47B	26.75B	30.77B	35.11B	35.56B
(Gain) Loss From Sale Of Asset	-2.66B	832M	2.67B	6.63B	14.72B
(Gain) Loss on Sale of Investments - (CF)	-265M	-18.28B	-15.11B	-6.73B	-2.57B
(Income) Loss On Equity Investments - (CF)	-167M	-199M	30M	-57M	-28M
Other Operating Activities, Total	-15.36B	-18.72B	-28.44B	-34.95B	-26.78B
Change In Accounts Receivable	-5.81B	-17.89B	7.48B	-13.47B	-5.45B
Change In Inventories	-20.27B	-23.79B	11.91B	-6.02B	-3.62B
Change In Accounts Payable	3.57B	7.57B	-5B	-1.45B	-4.32B
Change in Other Net Operating Assets	-3.41B	-7.73B	-13.9B	-13.59B	-3.68B
Cash from Operations	34.46B	15.17B	86.5B	67.06B	93.06B
Capital Expenditure	-36.31B	-43.03B	-22.66B	-18.66B	-23.66B
Sale of Property, Plant, and Equipment	524M	6.14B	119M	2.57B	3.08B
Cash Acquisitions	-	-	-	-477M	-
Divestitures	-	86M	-	-	-2.69B
Sale (Purchase) of Intangible assets	-2.41B	-3.36B	-8.04B	-9.17B	-3.51B
Investment in Marketable and Equity Securities, Total	1.12B	21.61B	15.98B	10.78B	3.73B
Other Investing Activities, Total	-458M	1.85B	-61M	-251M	-24M
Cash from Investing	-37.54B	-16.71B	-14.66B	-15.21B	-23.08B
Short Term Debt Issued, Total	21B	23.16B	-	9.28B	-
Long-Term Debt Issued, Total	14.5B	10.4B	15.4B	-	-
Total Debt Issued	35.5B	33.56B	15.4B	9.28B	-
Short Term Debt Repaid, Total	-1.74B	-	-47.4B	-	-12.22B
Long-Term Debt Repaid, Total	-18.08B	-32.56B	-15.9B	-6.16B	-5.1B
Total Debt Repaid	-19.82B	-32.56B	-63.31B	-6.16B	-17.32B
Issuance of Common Stock	-	-	-	-	-
Common Dividends Paid	-6.92B	-13.23B	-10.77B	-20.01B	-19.99B
Common & Preferred Stock Dividends Paid	-6.92B	-13.23B	-10.77B	-20.01B	-19.99B
Other Financing Activities, Total	2.94B	-4B	-4.22B	-6.19B	-6.51B
Cash from Financing	11.7B	-16.23B	-62.89B	-23.08B	-43.83B
Foreign Exchange Rate Adjustments	3.76B	5.78B	2.25B	4.77B	3.83B
Miscellaneous Cash Flow Adjustments	4.9B	-	-	-1M	477M
Net Change in Cash	17.29B	-11.99B	11.2B	33.53B	30.46B
Supplemental Items
Cash Interest Paid	2.05B	1.29B	1.19B	1.63B	1.07B
Cash Income Tax Paid (Refund)	5.32B	15.54B	23.69B	34.84B	26.75B
Levered Free Cash Flow	-14.41B	-31.56B	57.25B	23.3B	61.23B
Unlevered Free Cash Flow	-13.5B	-30.76B	57.92B	24.23B	61.86B
Change In Net Working Capital	29.42B	38.65B	-9.79B	41.78B	7.36B
Net Debt Issued / Repaid	15.68B	997M	-47.91B	3.12B	-17.32B

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	6.79	4.87	7.72	8.59	8.24
Return on Total Capital	9.01	6.43	10.36	11.16	10.29
Return On Equity %	16.49	15.96	20.16	17.24	12.78
Return on Common Equity	16.52	15.97	20.19	17.24	12.78
Margin Analysis
Gross Profit Margin %	40.91	39.82	39.16	40.82	39.47
SG&A Margin	27.43	30.96	25.25	24.17	23.1
EBITDA Margin %	18.94	14.24	19.48	22.83	22.34
EBITA Margin %	13.48	8.86	13.91	16.62	16.36
EBIT Margin %	13.48	8.86	13.91	16.62	16.36
Income From Continuing Operations Margin %	10.53	9.64	13.06	13.23	10.69
Net Income Margin %	10.5	9.64	13.07	13.23	10.69
Net Avail. For Common Margin %	10.5	9.64	13.07	13.23	10.69
Normalized Net Income Margin	8.85	6.42	9.74	11.29	10.64
Levered Free Cash Flow Margin	-3.66	-6.35	10.36	4.12	10.29
Unlevered Free Cash Flow Margin	-3.43	-6.19	10.48	4.29	10.4
Asset Turnover
Asset Turnover	0.81	0.88	0.89	0.83	0.81
Fixed Assets Turnover	1.84	2.02	2	1.97	2.1
Receivables Turnover (Average Receivables)	5.07	5.18	5.1	4.78	4.5
Inventory Turnover (Average Inventory)	3.4	3.09	3.06	2.91	2.89
Short Term Liquidity
Current Ratio	1.75	1.52	2.09	2.48	2.8
Quick Ratio	1.02	0.79	1.12	1.43	1.73
Operating Cash Flow to Current Liabilities	0.25	0.08	0.61	0.44	0.64
Days Sales Outstanding (Average Receivables)	71.95	70.5	71.53	76.65	81.2
Days Outstanding Inventory (Average Inventory)	107.27	118.21	119.35	125.74	126.47
Average Days Payable Outstanding	45.08	42.2	44.64	39.69	35.82
Cash Conversion Cycle (Average Days)	134.15	146.51	146.24	162.7	171.85
Long Term Solvency
Total Debt/Equity	44.86	40.24	20.91	21.6	16.37
Total Debt / Total Capital	30.97	28.7	17.3	17.76	14.07
LT Debt/Equity	30.51	19.12	17.96	17.27	12.85
Long-Term Debt / Total Capital	21.06	13.64	14.86	14.2	11.04
Total Liabilities / Total Assets	47.26	46.42	38.77	34.61	30.61
EBIT / Interest Expense	36.41	34.46	72	62.86	96.67
EBITDA / Interest Expense	51.13	55.39	100.82	86.35	131.98
(EBITDA - Capex) / Interest Expense	26.23	21.72	79.59	73.86	108.48
Total Debt / EBITDA	1.69	1.82	0.77	0.79	0.64
Net Debt / EBITDA	0.94	1.24	0.28	0.12	-0.24
Total Debt / (EBITDA - Capex)	3.29	4.65	0.97	0.92	0.78
Net Debt / (EBITDA - Capex)	1.83	3.15	0.35	0.14	-0.29
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	14.51	26.31	11.18	2.27	5.23
Gross Profit, 1 Yr. Growth %	30.67	22.94	9.36	6.58	1.76
EBITDA, 1 Yr. Growth %	30.03	-5.04	52.09	19.89	2.96
EBITA, 1 Yr. Growth %	46.11	-17.02	74.59	22.21	3.59
EBIT, 1 Yr. Growth %	46.11	-17.02	74.59	22.21	3.59
Earnings From Cont. Operations, 1 Yr. Growth %	249.17	15.66	50.53	3.64	-14.97
Net Income, 1 Yr. Growth %	253.96	15.98	50.71	3.51	-14.97
Normalized Net Income, 1 Yr. Growth %	82.24	-8.42	68.88	18.48	-0.77
Diluted EPS Before Extra, 1 Yr. Growth %	253.95	15.97	50.69	3.5	-14.98
Accounts Receivable, 1 Yr. Growth %	14.78	31.6	-1.48	20.23	4.75
Inventory, 1 Yr. Growth %	45.12	39.45	-5.16	14.74	3.15
Net Property, Plant and Equip., 1 Yr. Growth %	12.9	16.97	8.2	0.13	-2.25
Total Assets, 1 Yr. Growth %	19.22	12.74	7.78	11.96	4.23
Tangible Book Value, 1 Yr. Growth %	26.72	14.08	21.54	18.72	10.79
Common Equity, 1 Yr. Growth %	26.81	14.55	23.24	19.57	10.6
Cash From Operations, 1 Yr. Growth %	-35.93	-55.98	470.15	-22.48	38.77
Capital Expenditures, 1 Yr. Growth %	62.82	18.5	-47.33	-17.65	26.8
Levered Free Cash Flow, 1 Yr. Growth %	-132.88	119.04	-281.41	-59.31	162.82
Unlevered Free Cash Flow, 1 Yr. Growth %	-130.05	127.91	-288.29	-58.16	155.28
Dividend Per Share, 1 Yr. Growth %	68.89	-	-	20	4.17
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	2.12	20.27	18.51	6.63	3.74
Gross Profit, 2 Yr. CAGR %	10.95	26.74	15.95	7.96	4.14
EBITDA, 2 Yr. CAGR %	8.26	11.12	20.18	35.03	11.1
EBITA, 2 Yr. CAGR %	17.5	10.11	20.36	46.07	12.51
EBIT, 2 Yr. CAGR %	17.5	10.11	20.36	46.07	12.51
Earnings From Cont. Operations, 2 Yr. CAGR %	28.41	100.96	31.94	24.9	-6.12
Net Income, 2 Yr. CAGR %	29.96	102.61	32.21	24.9	-6.18
Normalized Net Income, 2 Yr. CAGR %	25.14	29.19	24.36	41.45	8.43
Diluted EPS Before Extra, 2 Yr. CAGR %	29	102.6	32.19	24.89	-6.19
Accounts Receivable, 2 Yr. CAGR %	5.16	22.9	13.86	8.83	12.22
Inventory, 2 Yr. CAGR %	2.82	42.26	15	4.32	8.79
Net Property, Plant and Equip., 2 Yr. CAGR %	4.61	14.92	12.5	4.09	-1.07
Total Assets, 2 Yr. CAGR %	6.46	15.93	10.23	9.85	8.03
Tangible Book Value, 2 Yr. CAGR %	12.55	20.24	17.75	20.12	14.69
Common Equity, 2 Yr. CAGR %	12.1	20.52	18.81	21.39	15
Cash From Operations, 2 Yr. CAGR %	75.19	-46.89	58.43	110.24	3.72
Capital Expenditures, 2 Yr. CAGR %	-8.26	38.9	-21	-34.14	2.18
Levered Free Cash Flow, 2 Yr. CAGR %	-26.34	-15.14	99.34	-14.08	3.42
Unlevered Free Cash Flow, 2 Yr. CAGR %	-26.73	-17.24	107.15	-11.24	3.35
Dividend Per Share, 2 Yr. CAGR %	29.96	-	14.71	-	11.8
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	0.04	9.62	17.16	12.82	6.16
Gross Profit, 3 Yr. CAGR %	6.27	14.81	20.66	12.74	5.85
EBITDA, 3 Yr. CAGR %	3.02	3.63	23.38	20.08	23.36
EBITA, 3 Yr. CAGR %	7.78	4.64	28.4	20.98	30.26
EBIT, 3 Yr. CAGR %	7.78	4.64	28.4	20.98	30.26
Earnings From Cont. Operations, 3 Yr. CAGR %	54.83	24.01	82.5	21.74	9.88
Net Income, 3 Yr. CAGR %	57.65	25.12	83.58	21.85	9.88
Normalized Net Income, 3 Yr. CAGR %	14.23	12.77	41.26	22.37	25.69
Diluted EPS Before Extra, 3 Yr. CAGR %	47.86	24.5	83.56	21.84	9.87
Accounts Receivable, 3 Yr. CAGR %	0.71	13.32	14.17	15.95	7.46
Inventory, 3 Yr. CAGR %	2.58	13.81	24.27	14.92	3.93
Net Property, Plant and Equip., 3 Yr. CAGR %	5.99	8.58	12.63	8.21	1.93
Total Assets, 3 Yr. CAGR %	4.21	8.51	13.15	10.8	7.94
Tangible Book Value, 3 Yr. CAGR %	23.19	13.06	20.67	18.07	16.93
Common Equity, 3 Yr. CAGR %	22.38	12.91	21.42	19.07	17.68
Cash From Operations, 3 Yr. CAGR %	21.82	10.55	17.15	24.84	83.05
Capital Expenditures, 3 Yr. CAGR %	9.9	-0.09	0.54	-19.9	-18.07
Levered Free Cash Flow, 3 Yr. CAGR %	-4.97	5.93	9.32	17.37	24.72
Unlevered Free Cash Flow, 3 Yr. CAGR %	-9.84	6.96	8.85	21.54	26.22
Dividend Per Share, 3 Yr. CAGR %	19.09	-	30.5	16.45	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	0.62	4.19	7.05	8.42	11.59
Gross Profit, 5 Yr. CAGR %	3.4	7.64	10.04	12.02	13.76
EBITDA, 5 Yr. CAGR %	0.1	-0.01	9.57	15.2	18.31
EBITA, 5 Yr. CAGR %	1.48	-0.56	12.65	19.57	21.79
EBIT, 5 Yr. CAGR %	1.48	-0.56	12.65	19.57	21.79
Earnings From Cont. Operations, 5 Yr. CAGR %	28.83	24.1	45.23	24.37	39.89
Net Income, 5 Yr. CAGR %	27.53	25.38	46.93	25.03	40.35
Normalized Net Income, 5 Yr. CAGR %	5.23	5.6	18.18	23.47	27.08
Diluted EPS Before Extra, 5 Yr. CAGR %	22.71	20.65	41.38	24.66	40.34
Accounts Receivable, 5 Yr. CAGR %	-0.35	6.72	5.78	11.5	13.39
Inventory, 5 Yr. CAGR %	4.3	9.91	7.38	9.92	17.83
Net Property, Plant and Equip., 5 Yr. CAGR %	2.28	6.66	8.55	6.76	6.94
Total Assets, 5 Yr. CAGR %	1.58	4.79	6.58	9.04	11.07
Tangible Book Value, 5 Yr. CAGR %	15.29	15.47	20.98	15.83	18.24
Common Equity, 5 Yr. CAGR %	14.61	15.05	20.94	16.23	18.81
Cash From Operations, 5 Yr. CAGR %	-2.37	2.47	35.32	42.96	11.58
Capital Expenditures, 5 Yr. CAGR %	8.85	15.55	-3.7	-15.43	1.19
Levered Free Cash Flow, 5 Yr. CAGR %	-14.21	17.62	27.8	-2.58	6.92
Unlevered Free Cash Flow, 5 Yr. CAGR %	-16.3	14.46	25.76	-0.73	6.61
Dividend Per Share, 5 Yr. CAGR %	11.05	-	17.32	21.67	22.67