Toyo Tire Corporation Revises Consolidated Earnings Guidance Second Quarter Ending June 30, 2022 and Fiscal Year Ending December 31, 2022
Toyo Tire Corporation revised consolidated earnings guidance second quarter ending June 30, 2022 and fiscal year ending December 31, 2022. For the quarter, the company expects net sales of ¥219,000 million, operating income of ¥26,500 million, profit attributable to owners of parent of ¥24,000 million and earnings per share of ¥155.91 against previous guidance of net sales of ¥215,700 million, operating income of ¥20,100 million, profit attributable to owners of parent of ¥13,300 million and earnings per share of ¥86.40.
For the year, the company expects net sales of ¥485,000 million, operating income of ¥50,000 million, profit attributable to owners of parent of ¥38,500 million and earnings per share of ¥250.10 against previous guidance of net sales of ¥455,000 million, operating income of ¥44,500 million, profit attributable to owners of parent of ¥29,600 million and earnings per share of ¥192.28.