Toyo Tire Corporation revised consolidated earnings guidance second quarter ending June 30, 2022 and fiscal year ending December 31, 2022. For the quarter, the company expects net sales of ¥219,000 million, operating income of ¥26,500 million, profit attributable to owners of parent of ¥24,000 million and earnings per share of ¥155.91 against previous guidance of net sales of ¥215,700 million, operating income of ¥20,100 million, profit attributable to owners of parent of ¥13,300 million and earnings per share of ¥86.40.

For the year, the company expects net sales of ¥485,000 million, operating income of ¥50,000 million, profit attributable to owners of parent of ¥38,500 million and earnings per share of ¥250.10 against previous guidance of net sales of ¥455,000 million, operating income of ¥44,500 million, profit attributable to owners of parent of ¥29,600 million and earnings per share of ¥192.28.