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Toyo Tire & Rubber Co Ltd (5105.T)

5105.T on Tokyo Stock Exchange

2,595JPY
20 Oct 2017
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Latest Key Developments (Source: Significant Developments)

Japan's Toyo Tire & Rubber to expand tire output
Thursday, 28 Sep 2017 04:11am EDT 

Sept 28 (Reuters) - Japan's Toyo Tire & Rubber <5105.T>::Toyo Tire says to invest a total of 35 billion yen ($310 million) to boost automobile tire output in the United States and Malaysia.Company says to install new facilities that would make a total 3.6 million tires per year at its two factories, which would start operations in 2019.  Full Article

Toyo Tire & Rubber announces settlement of lawsuit
Thursday, 14 Sep 2017 04:09am EDT 

Sept 14 (Reuters) - Toyo Tire & Rubber Co Ltd <5105.T>:Says automobile dealer and purchasers (plaintiffs) filed a lawsuit against the co and partial U.S.-based units of the co (defendants) for violation of Anti-Trust Law .Says defendants and partial plaintiffs agree to reach settlement in this lawsuit and defendants need to pay $47.5 million (about 5.24 billion yen) to the partial plaintiffs as settlement.  Full Article

Nitta to acquire chemical production related business from Toyo Tire & Rubber for 3.7 bln yen
Friday, 28 Jul 2017 04:38am EDT 

July 28 (Reuters) - Nitta Corp <5186.T>:* Says unit of Toyo Tire & Rubber Co Ltd <5105.T> will set up a new unit, which will take over chemical production related business from Toyo Tire & Rubber Co Ltd .* Says it will acquire all shares of newly established unit of Toyo Tire & Rubber Co Ltd for about 3.7 billion yen, effective Dec. 27.  Full Article

Toyo Tire & Rubber to transfer hardness polyurethane related assets to SoflanWiz and sell all shares of SoflanWiz
Friday, 28 Jul 2017 04:14am EDT 

July 28 (Reuters) - Toyo Tire & Rubber Co Ltd <5105.T>:* Says it will transfer hardness polyurethane related assets to SoflanWiz Co Ltd, effective Dec. 27 .* Says it will sell all shares of SoflanWiz Co Ltd to Sekisui Chemical Co Ltd <4204.T> after transition, with undisclosed price, effective Dec. 27 .  Full Article

Toyo Tire & Rubber's chairman resigns
Friday, 27 May 2016 02:00am EDT 

Toyo Tire & Rubber Co Ltd <5105.T>:Says its chairman of the board, Katsumi Koaguchi, resigns from the position, effective May 27.  Full Article

Toyo Tire & Rubber to sell shares of Kinugawa Rubber Industrial and expects extraordinary profit for FY 2016
Friday, 11 Mar 2016 05:45am EST 

Toyo Tire & Rubber Co Ltd:Says will take the takeover bid offered by a Tokyo-based company for shares of Kinugawa Rubber Industrial.Planned to sell entire holding 8 mln shares of Kinugawa Rubber Industrial to the Tokyo-based company with takeover bid price for 780 yen per share.Expected extraordinary profit of 5,599 mln yen for FY ending Dec. 2016, if selling entire holding shares of Kinugawa Rubber Industrial.  Full Article

Toyo Tire & Rubber Co Ltd likely headed to court over data falsification charges - Nikkei - Reuters
Tuesday, 2 Feb 2016 03:06am EST 

Toyo Tire & Rubber Co Ltd:Toyo Tire & Rubber likely headed to court over data falsification, with authorities planning to investigate allegations that co's actions broke law - Nikkei - RTRS.  Full Article

Toyo Tire & Rubber lowers consolidated full-year revenue and net profit outlook for FY 2015
Monday, 9 Nov 2015 01:00am EST 

Toyo Tire & Rubber Co Ltd:Says the company lowered the consolidated full-year outlook for revenue to 410,000 million yen from 415,000 million yen for the fiscal year ending Dec. 31, 2015.Sees an increase of operating profit forecast to 59,000 million yen from 55,000 million yen.Sees an increase of ordinary profit forecast to 52,000 million yen from 51,000 million yen.Sees a decrease of net profit forecast to 5,000 million yen from 12,000 million yen.Sees a decrease of earnings per share to 39.37 yen from 94.49 yen.FY 2015 revenues of 417.77 billion yen, net profit of 13.96 billion yen – Thomson Reuters I/B/E/S.Comments that the decreased demand and decreased raw material costs are the main reasons for the forecast.Expects to record 9,114 million yen product compensation allowance and expense on product compensation measurement as extraordinary loss for the third quarter of the fiscal year ending Dec. 2015.  Full Article

BRIEF-Japan's Toyo Tire & Rubber to expand tire output

* Toyo Tire says to invest a total of 35 billion yen ($310 million) to boost automobile tire output in the United States and Malaysia