Announcement on the Formulation of New Medium-Term Management Plan ‘Mid-term Plan ’26’

Overview of New Medium-Term Management Plan 'Mid-term Plan '26'

TOYO TIRE Corporation has formulated a new medium-term management plan 'Mid-term Plan '26' covering the five years from the fiscal year ending December 2026 to December 2030. The plan aims to pursue industry-leading management speed and uniqueness, featuring initiatives such as strengthening the WLTR brand, enhancing the UHP 'PROXES' brand, and establishing the Serbia R&D Center. The growth strategy promotes technological innovation, region-specific strategies, and supply strategies, while foundational strengthening emphasizes DX initiatives and human capital management.

Performance Targets and Shareholder Return Policy

The performance targets for fiscal year 2030 include operating income of 120 billion yen, operating income margin of over 18%, ROE over 13%, and ROIC over 10%. For shareholder returns, the plan aims for a dividend on equity of 4.5% and dividend payout ratio over 30%, with stable and progressive dividends coupled with share buybacks. Capital investment is planned at 194 billion yen over five years, targeting a sales composition ratio of key products exceeding 55% and product strength and added value at 72%.