Toyo Tire's Q3 Earnings Miss Estimates Amid US Tariffs and Rising Costs
ByAinvest
Tuesday, Nov 11, 2025 11:31 pm ET1min read
TOYO--
Toyo Tire Corp's Q3 operating profit missed estimates due to US tariffs and higher raw material costs, resulting in a ¥4.8 billion ($31 million) loss. Shares fell 6.2% in Tokyo. The company raised its full-year operating profit forecast to ¥95 billion, but aims to exceed ¥100 billion under its next five-year midterm plan. Toyo will unveil the plan next year, outlining potential stock buybacks and investment for new production facilities.
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