Toyo Tire CEO Expects Profit to Beat Guidance, Plans Stock Buybacks

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Reina Sasaki

October 19, 2025 at 11:00 PM UTC

Updated on

October 20, 2025 at 7:02 AM UTC

Toyo Tire Corp. Chief Executive Officer Takashi Shimizu expects the tiremaker to exceed its profit guidance this fiscal year and plans to start buying back shares, helped by resilient US demand.

An operating profit exceeding ¥95 billion ($632 million) this year is achievable, Shimizu said in an interview on Oct. 10, confirming comments made in connection with second-quarter earnings. That means the company “may announce another upward revision.” The company raised its full-year operating profit forecast to ¥90 billion in August.