Toyo Tires Posts 14.5% Sales Growth, Record-High Tire Sales for 2021

Toyo Tire Corp. (TYO:5105) has posted its business results for 2021, revealing a strong performance for the year. Sales for the year came to 393.65 billion yen ($3.42 billion), up 14.5 percent, while operating income was 53.1 billion yen, up 46.1 percent. Explaining these results, company president Takashi Shimizu said that net income was boosted significantly by strong North American…

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