Japan: Toyo Tire forecasts profit falls in FY2011

Toyo Tire & Rubber has reported financial results for the fiscal year ended 31 March 2011 (FY2010) showing above-forecast earnings gains at the operating and ordinary levels but a significant year-on-year decline at the net level, reflecting earthquake-related costs of ¥4.83bn (US$59.68m) in Q4 FY2010. A net loss of ¥4.57bn Subscribe to Automotive World to … Continued

• By Webmaster
• May 12, 2011