Toyo Releases Latest Financials
Toyo Tire & Rubber Co., Ltd. has presented details of its consolidated business results for the first three quarters of fiscal year 2006 (from April 1, 2006 to December 31, 2006). Compared with the same period during the 2005 fiscal year, net sales increased to 240,807 million yen (£1.022 billion), up 5.9 per cent. Operating income decreased 36,5 per cent to 8,322 million yen (£35 million), ordinary income decreased to 5,767 million yen (£24.4 million), down 53 per cent, and net income rose to 8,570 million yen (£36.4 million), an increase of 31.8 per cent.