Toyo Tire Corp - Company Profile
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Toyo Tire Corp (Toyo Tires) manufactures and markets automotive tires. The company also sells and supplies automobile components, thermal insulation and waterproofing materials. Its product portfolio includes tires, bushes, engine mounts, CVJ boots, lane dividers and rubber hoses. Toyo Tires also offers industrial and construction materials such as rubber hoses. It sells products through its subsidiaries, marketing channels and distributors. The company has operations across Europe, the Americas, Oceania and Asia; tires manufacturing facilities in Japan, the US, China, and Malaysia; automotive parts production facilities in Japan, the US, and China. Toyo Tires is headquartered in Itami City, Hyogo, Japan.
Headquarters
Japan
Address
2-2-13, Fujinoki, Itami-Shi, Hyogo, 664-0847
Website
www.toyotires.co.jp
Telephone
81 72 7899100
No of Employees
10,574
Industry
Automotive
Ticker Symbol & Exchange
5105 (TYO)
Revenue (2022)
$4.1B
11.2%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
50.7%
(2022 vs 2021)
Market Cap*
$2.9B
Net Profit Margin (2022)
XYZ
35.6%
(2022 vs 2021)
* As of and is in US$
Toyo Tire Corp premium industry data and analytics
Products and Services
| Products | Brands |
|---|---|
| Car Tires | Toyo Tires |
| Industrial Rubber and Synthetic Resin Products | Nitto |
| Soft and Rigid Polyurethane Products | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In April, the company and Nitto Tire entered into a partnership with LPGA Tour to provide sponsorship for The Chevron Championship. |
| 2024 | Contracts/Agreements | In April, the company entered into a partnership with The Los Angeles Dodgers for advertising placements at Dodger Stadium. |
| 2022 | Corporate Changes/Expansions | In December, the company opened a new passenger vehicle tire factory in the Municipality of Indjija, the Republic of Serbia. |
Competitor Comparison
| Key Parameters | Toyo Tire Corp | Bridgestone Corp | Sumitomo Rubber Industries Ltd | The Yokohama Rubber Co Ltd | DN Automotive Corp |
|---|---|---|---|---|---|
| Headquarters | Japan | Japan | Japan | Japan | South Korea |
| City | Itami-Shi | Chuo-Ku | Kobe-Shi | Hiratsuka-Shi | Yangsan |
| State/Province | Hyogo | Tokyo | Hyogo | Kanagawa | - |
| No. of Employees | 10,574 | 125,199 | 39,975 | 33,617 | 865 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Yasuhiro Yamada | Chairman | Executive Board | - | - |
| Takashi Shimizu | Chief Executive Officer; Director; President | Executive Board | - | - |
| Tatsuo Mitsuhata | Director; Corporate Officer; Chief Executive Officer - Toyo Tire Holdings of Americas Inc; Vice President - Sales Headquarters; Chairman - Toyo Tire Holdings of Americas Inc | Executive Board | 2023 | - |
| Takehiko Sasamori | Corporate Officer; Director | Executive Board | - | - |
| Yoji Imura | Corporate Officer; Director; President - Toyo Tire Serbia LLC | Executive Board | 2022 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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