Toyo Tire : Consolidated Business Performance for the Second Quarter of FY2021
August 09, 2021 at 10:12 pm EDT
Share
Consolidated Business
Performance
for the Second Quarter of FY2021
August 10, 2021
TOYO TIRE CORPORATION
Major Topics
Consolidated Business Results for the Cumulative Second Quarter of FY2021
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 2Q of FY2021 (Jan-Jun)
(Unit: millions of yen)
FY2021
FY2020
Year-on-
Year-on-
FY2021
Change
FY2021年
Year-on-
Jan-Jun
Jan-Jun
Year
Year
Previous outlook
from
Apr-Jun
Year
Change
Results
Results
Change
for Jan-Jun
outlook
Results
Change
(%)
Net Sales
186,392
150,586
＋35,805
＋23.8％
175,500
＋10,892
98,647
+30,155
Operating Income
26,958
7,928
＋19,029
＋240.0％
17,500
＋9,458
14,255
+13,263
Profit Ratio
14.5％
5.3％
10.0％
14.5％
Ordinary Income
29,219
4,379
＋24,840
＋567.2％
20,400
＋8,819
13,212
+12,570
Profit Attributable
to Owners of
20,673
520
＋20,153
ー
12,600
＋8,073
8,520
+10,141
Parent
＊Profit Attributable to Owners of Parent:
Profit attributable to parent
company shareholders
Interim dividends
20 Yen
20 Yen
ー
ー
per share
Forex Rate
Sensibility 2021
1 USD
107 Yen
109 Yen
(2 Yen)
USD
0.65
Billion Yen/Year
EUR
0.10
Billion Yen/Year
1 EUR
130 Yen
120 Yen
+10 Yen
Impact of 1 yen fluctuation
on operating
income
2/14
2Q of FY2021 (Jan-Jun) Factors Contributing to Changes in Operating Income
(billions of yen)
Tires
Others
＋18.2
+0.9
＋19.0
(billions of yen)
Sales
Production
SGA
Raw
Forex
Tires
Automotive
Other
Total
Facters
Cost
Expenses
Materials
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
3/14
Consolidated Business Results by Business Segment for 2Q of FY2021 (Jan-Jun)
Net Sales
(Unit: millions of yen)
FY2021
FY2020
Year-on-Year
Year-on-Year
FY2021
Change
FY2021
Year-on-Year
Jan-Jun
Jan-Jun
Previous outlook for
from
Apr-Jun
Results
Results
Change
Change (%)
Jan-Jun
outlook
Results
Change
Tires
166,488
134,430
+32,057
+23.8％
156,500
+9,988
88,746
+26,613
Automotive Parts
19,884
16,129
+3,755
+23.3％
19,000
+884
9,892
+3,545
Other
47
65
(18)
(27.7％)
0
+47
19
(10)
Adjustments
(28)
(39)
+11
―
0
(28)
(11)
+7
Total
186,392
150,586
+35,805
+23.8％
175,500
+10,892
98,647
+30,155
Operating Income
* Net sales include intersegment internal net sales or transfers
FY2021
FY2020
Year-on-Year
Year-on-Year
FY2021
Change
Jan-Jun
Jan-Jun
Previous outlook for
from
Results
Results
Change
Change (%)
Jan-Jun
outlook
Tires
27,888
9,733
+18,155
+186.5％
18,500
+9,388
Profit Ratio
16.8％
7.2％
11.8%
Automotive Parts
(938)
(1,805)
+866
―
(1,000)
+62
Profit Ratio
(4.7％)
(11.2％)
(5.3％)
Other
16
20
(4)
(20.0％)
0
+16
Adjustments
(7)
(20)
+12
―
0
(7)
Total
26,958
7,928
+19,029
+240.0％
17,500
+9,458
FY2021 Year-on-Year
Apr-JunChange
Results
14,697 +12,364
16.6％
+871
(4.6％)
20 +21
+7
14,255 +13,263
* Segment profit adjustment amounts include intersegment eliminations
4/14
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Toyo Tire & Rubber Co. Ltd. published this content on 10 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 August 2021 02:12:29 UTC.
Toyo Tire Corporation, formerly Toyo Tire & Rubber Co., Ltd., is a Japan-based company mainly engaged in the tire business and diver tech business, as well as the provision and maintenance of modules, financing and operation. The Company operates through two business segments. The Tire segment is engaged in the manufacturing and sale of various tires used in passenger cars, trucks, buses, construction equipment and industrial vehicles. The Diver Tech segment is engaged in the manufacturing and sale of industrial and construction materials, transportation equipment, heating insulating and waterproof materials and other related materials. The other business is engaged in the loan, credit purchase and real estate businesses.
TOYO TIRE CORPORATION 
