Toyo Tires reports record figures amidst ongoing decline in Europe
Although reporting another year of lower sales in the European market, Toyo Tire Corporation (Toyo Tires) achieved record figures overall in 2024. The Japanese firm recorded net sales of 565.4 billion yen (£2.94 billion), a 2.3% YoY increase. Operating income surged 22.2% to 94.0 billion yen (£492.0 million), while profit attributable to owners of parent was, at 74.8 billion yen (£389.7 million), up 3.5% YoY.