Toyo Tire Corporation
Notice of Occurrence of Extraordinary Loss and Differences Between Individual Financial Results for the Fiscal Year Ending December 2025 and Previous Fiscal Year
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.
Key Figures
- Extraordinary Loss (Impairment Loss): 13,500 million yen
- Equity Investment Valuation Loss in Affiliates: 13,437 million yen (offset/eliminated in consolidated financial statements)
- Individual Net Income for the Fiscal Year Ending December 2025: 41,642 million yen (Year-over-Year -36.2%)
AI要約
Regarding the Occurrence of Extraordinary Loss
In the consolidated financial statements for the fiscal year ending December 2025, an impairment test was conducted on fixed assets of the consolidated subsidiary Toyo Tire Serbia d.o.o. based on changes in the business environment, resulting in a write-down of the book value to recoverable value. Consequently, an impairment loss of 13,500 million yen was recorded as an extraordinary loss. Additionally, a valuation loss of 13,437 million yen on equity investment in affiliates was recorded in the individual financial statements; however, this was offset/eliminated in the consolidated financial statements and has no impact on consolidated performance.
Overview of Individual Financial Results for the Fiscal Year Ending December 2025 and Reasons for Differences
For the fiscal year ending December 2025, individual net sales amounted to 305,443 million yen (up 3.0% year-over-year), and operating income was 63,561 million yen (up 9.5% year-over-year). Meanwhile, ordinary income was 75,012 million yen (down 5.3% year-over-year), and net income for the period was 41,642 million yen (down 36.2% year-over-year), mainly due to the recording of extraordinary losses. Net income per share was 270.41 yen.
