Toyo Tire & Rubber Co., Ltd. Amends FY 2012 Outlook

Toyo Tire & Rubber Co., Ltd. announced that it has lowered its consolidated full-year outlook for revenue from JPY 322,000 million to JPY 319,000 million, and raised its consolidated full-year outlook for operating profit from JPY 7,700 million to JPY 9,100 million, ordinary profit from JPY 5,000 million to JPY 5,800 million, net profit from JPY 2,000 million to JPY 2,100 million and earning per share from JPY 7.87 to JPY 8.27 for the fiscal year ending March 31, 2012. This is due to the decreased selling and general administrative expenses, decreased raw material prices, as well as the influence of the high Japanese yen. According to I/B/E/S Estimates, analysts on average are expecting the Company to report full-year revenue of JPY 326.60 billion and net profit of JPY 3.82 billion.