#ToyoTire

Resolved to dispose of 16,804 shares of treasury stock at 3,762 yen per share, totaling 63,216,648 yen, as restricted stock compensation on April 24, 2026.

TOYO TIRE Corporation announced the formulation of a new medium-term management plan 'Mid-term Plan '26' covering the five years from the fiscal year ending December 2026 through 2030.

Introduces a performance-linked restricted stock compensation plan with an annual limit of 200 million yen and plans to issue up to 200,000 common shares annually. Approval will be sought at the General Meeting of Shareholders on March 27, 2026.

For the fiscal year ending December 2025, consolidated net sales were ¥594,923 million (5.2% increase YoY), operating income was ¥97,350 million (3.6% increase YoY), and net income attributable to owners of parent was ¥63,614 million (15.0% decrease YoY). Annual dividend is ¥130, and net sales for the fiscal year ending December 2026 are forecasted at ¥620,000 million.

Recorded an impairment loss on fixed assets of 13,500 million yen as an extraordinary loss for the fiscal year ending December 2025. Individual net income for the period was 41,642 million yen, a 36.2% decrease year-over-year.

Fiscal year 2025 sales reached an all-time high of 594.9 billion yen, and operating income also recorded a record high of 97.4 billion yen. Net income declined, but the annual dividend was increased to 130 yen. For fiscal year 2026, operating income is forecasted at 94.0 billion yen with a dividend of 135 yen.