Toyo Tire & Rubber Co., Ltd. reported consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company's net sales were JPY 93,741 million compared to JPY 98,078 million a year ago. Operating income was JPY 10,596 million compared to JPY 12,105 million a year ago. Ordinary income was JPY 8,521 million compared to JPY 10,046 million a year ago. Profit before income taxes was JPY 7,272 million compared to JPY 9,140 million a year ago. Profit was JPY 7,043 million compared to JPY 6,275 million a year ago. Profit attributable to owners of parent was JPY 6,730 million compared to JPY 5,880 million a year ago.

The company reaffirmed earnings guidance for the second quarter of the fiscal year 2018. For the period, the company expects net sales of JPY 189,000 million, operating income of JPY 20,600 million, ordinary income of JPY 18,900 million and profit attributable to owners of parent of JPY 12,400 million.