Consolidated Business Performance for the Third Quarter of FY2021

Consolidated Business

Performance

for the Third Quarter of FY2021

November 12, 2021

TOYO TIRE CORPORATION

Major Topics

1. Consolidated Business Results for the Cumulative Third Quarter of FY2021
2. Consolidated Business Outlook for the Full FY2021

The forward-looking statements contained in these business outlooks and plans are based on information available at the current time and contain potential risks and uncertainties.

Therefore, please keep in mind that actual results may, due to a variety of factors, differ from those expressed in the forward-looking statements.

Consolidated Business Results for 3Q of FY2021 (Jan-Sep)

(Unit: millions of yen)

	FY2021	FY2020	Year-on-	Year-on-	FY2021	Year-on-		FY2021	Year-on-
	Jan-Sep	Jan-Sep	Year	Year	Jan-Jun	Year		Jul-Sep	Year
	Change
	Results	Results	Change	Results	Change		Results	Change
	(%)
Net Sales	282,808	246,823	＋35,984	＋14.6％	186,392	＋35,805		96,415	+178
Operating Income	39,663	22,046	＋17,617	＋79.9％	26,958	＋19,029	12,705	(1,411)
Profit Ratio	14.0％	8.9％			14.5％			13.2％
Ordinary Income	41,781	17,271	＋24,509	＋141.9％	29,219	＋24,840		12,562	(330)
Profit Attributable
to Owners of	28,866	9,991	＋18,874	＋188.9％	20,673	＋20,153	8,193	(1,278)
Parent

＊Profit Attributable to Owners of Parent: Profit attributable to parent company shareholders

1 USD	108 Yen	108 Yen	ー
1 EUR	130 Yen	121 Yen	+9 Yen

Forex Rate Sensibility 2021

USD	0.65 Billion Yen/Year
EUR	0.10 Billion Yen/Year

Impact of 1 yen fluctuation on operating income

2/11

3Q of FY2021 (Jan-Sep) Factors Contributing to Changes in Operating Income

(billions of yen)

Tires	Others
＋17.1	+0.5

＋17.6

(billions of yen)

Sales

Production

SGA

Raw

Forex

Tires

Automotive

Other

Total

Factors

Cost

Ex

penses

Materia

ls

Rate

Subtotal

Parts

Jan-Mar

＋4.7

＋1.8

＋0.4

(0.2)

(0.8)

＋5.8

(0.0)

(0.0)

＋5.8

Apr-Jun

＋11.1

＋5.1

(1.6)

(3.7)

＋1.5

＋12.4

＋0.9

＋0.0

＋13.3

Jul-Sep

+4.0

+1.8

(1.5)

(7.0)

+1.6

(1.0)

(0.4)

(0.0)

(1.4)

3/11

Consolidated Business Results by Business Segment for 3Q of FY2021 (Jan-Sep)

Net Sales							(Unit: millions of yen)
FY2021	FY2020	Year-on-Year	Year-on-Year	FY2021	Year-on-		FY2021	Year-on-Year
Jan-Sep	Jan-Sep	Jan-Jun	Year		Jul-Sep
Change	Change (%)		Change
Results	Results	Results	Change		Results

Tires	253,968	220,690	+33,278	+15.1％	166,488	+32,057	87,480	+1,221
Automotive Parts	28,816	26,097	+2,718	+10.4％	19,884	+3,755	8,931	(1,036)
Other	63	93	(29)	(32.3％)	47	(18)	16	(11)
Adjustments	(39)	(57)	+17	―	(28)	+11	(11)	+6
Total	282,808	246,823	+35,984	+14.6％	186,392	+35,805	96,415	+178
Operating Income		* Net sales include intersegment internal net sales or transfers

	FY2021	FY2020	Year-on-Year	Year-on-Year	FY2021	Year-on-
	Jan-Sep	Jan-Sep	Jan-Jun	Year
	Change	Change (%)
	Results	Results	Results	Change
Tires	41,161	24,026	+17,134	+71.3％	27,888	+18,155
Profit Ratio	16.2％	10.9％			16.8％
Automotive Parts	(1,497)	(1,980)	+483	―	(938)	+866
Profit Ratio	(5.2％)	(7.6％)			(4.7％)
Other	11	27	(16)	(59.3％)	16	(4)
Adjustments	(11)	(27)	+16	―	(7)	+12
Total	39,663	22,046	+17,617	+79.9％	26,958	+19,029

FY2021 Year-on-Year

Jul-SepChange

Results

13,272 (1,021)

15.2％

1. (383)

(6.2％)

1. (10)

1. +4
   12,705 (1,411)

* Segment profit adjustment amounts include intersegment eliminations	4/11