Toyo Tire Expects Record Profit, Plans Stock Buybacks Amid Resilient US Demand
ByAinvest
Sunday, Oct 19, 2025 8:19 pm ET1min read
TOYO--
Toyo Tire CEO Takashi Shimizu expects the company to exceed its profit guidance this fiscal year and plans to start buying back shares. The company raised its full-year operating profit forecast to ¥90 billion in August and is considering a five-year midterm plan to invest ¥100 billion in plant expansion and conduct stock buybacks. Toyo Tire aims to exceed ¥100 billion in operating profit in the next midterm plan and make Europe its next growth engine. The company is stepping up automation and digital investment to cut costs and boost productivity.
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