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Provider : Thomson Reuters Stock Report
Provider : Reuters Investment Profile
Provider : Wright Reports
Provider : Thomson Reuters Stock Report

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Toyo Tire & Rubber Co Ltd amends consolidated full-year outlook for FY 2014

Sunday, 10 Aug 2014 10:00pm EDT 

Toyo Tire & Rubber Co Ltd:Says the company affirmed the consolidated full-year outlook for revenue at 400,000 million yen for FY ending Dec. 2014.Operating profit forecast increased to 45,500 million yen from 40,000 million yen.Ordinary profit forecast increased to 41,500 million yen from 36,000 million yen.Net profit forecast increased to 28,000 million yen from 25,000 million yen.Earnings per share increased to 220.46 yen from 196.84 yen.FY 2014 revenues of 404.94 billion yen, reported net profit of 30.55 billion yen – Thomson Reuters I/B/E/S.Comments the improved sale composition of tire and decreased raw material price are the main reasons for the forecast. 

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