Toyo Tire Corporation announced that it resolved at its board of directors meeting held on February 14, 2024 to make the following proposal on dividends of surplus (dividend increase) to the Annual General Meeting of Shareholders to be held on March 27, 2024. The company proposed dividend for the fiscal year ended December 31, 2023 of JPY 80 per share compared to JPY 50 per share paid a year ago. Total amount of dividends is JPY 12,317 million.

Reference date is December 31, 2023. Effective date is March 28, 2024.