Industry Sales:

• Tires: approx. 90%
• Automotive components: approx. 10%

TOP 3 Markets:

• USA: approx. 40%
• Japan: approx. 30%
• Europe: approx. 15%

Toyo Tire Corporation generates the majority of its revenue from the tire business, which accounts for about 90% of total revenue. This includes both passenger car and truck tires. The remaining portion is attributed to automotive components, making up about 10% of the revenue.

Geographically, the USA is the largest market for Toyo Tire, representing approximately 40% of total revenue. Japan follows with around 30%, while Europe contributes about 15% of the revenue. These markets are crucial for the company as they are the main sales areas for its products.

Production Sites:

• Japan
• USA
• Malaysia
• China

Toyo Tire Corporation operates several production facilities worldwide to manufacture its tire products. Some of the key plants are located in Japan, producing for both the domestic market and exports. In the USA, Toyo Tire has also established significant production capacities to serve the North American market.

Additionally, the company operates plants in Malaysia and China, strategically positioned to meet the demand in Asia and benefit from more cost-effective production conditions. This geographical diversification enables Toyo Tire to flexibly respond to market changes and optimize logistics costs.

Revenue growth: 8.5% (2024) Investment in research and development: 5% of revenue (2024)

Toyo Tire Corporation pursues a strategy focused on innovation and expansion to secure future growth. A key element of this strategy is increased investment in research and development to develop new technologies and products that meet the changing market demands.

Additionally, the company plans to expand its production capacities in strategic markets such as North America and Asia. This will be achieved through the construction of new production facilities and the modernization of existing plants.

Another focus is on strengthening brand presence and exploring new distribution channels to increase market share. Toyo Tire also emphasizes sustainable practices and products to meet the growing demands for environmental friendliness, which also serves as a differentiating factor in competition.

Main raw materials: Natural rubber, synthetic rubber, carbon black, chemicals

Countries of origin:

• Natural rubber: Thailand, Indonesia, Malaysia
• Synthetic rubber: USA, Japan, South Korea
• Carbon black: China, India
• Chemicals: Germany, USA

Toyo Tire Corporation imports a variety of raw materials essential for tire production. The majority of the natural rubber needed for tire manufacturing comes from Southeast Asia, particularly from Thailand, Indonesia, and Malaysia. These countries are the largest producers of natural rubber worldwide.

Synthetic rubber is mainly sourced from the USA, Japan, and South Korea. These countries have advanced petrochemical industries that enable the production of synthetic rubber in large quantities.

Carbon black, an important filler in tire production, is mainly imported from China and India. Both countries are significant producers of carbon black used in various industrial applications.

Chemicals required in tire production are imported from countries such as Germany and the USA, known for their chemical industry. These chemicals are necessary for vulcanization and other processes in tire manufacturing.

Market Share: Approximately 5% in the global tire market (2024)

R&D Investments: 3.2% of revenue (2024)

Revenue Growth: 4.5% (2024)

Toyo Tire Corporation has a moderate competitive advantage in the global tire market. With a market share of around 5%, the company positions itself as a significant but not dominant player.

A key factor contributing to Toyo Tire's competitive advantage is the continuous investment in research and development, accounting for about 3.2% of revenue. These investments enable the company to develop innovative products that meet the changing demands of customers.

The revenue growth of 4.5% in 2024 indicates that Toyo Tire is capable of maintaining and slightly expanding its market position. This is supported by a strong brand presence and a diversified product portfolio.

Overall, Toyo Tire's competitive advantage is solid but not insurmountable, as the market is dominated by strong competitors such as Bridgestone and Michelin. Strategic partnerships and an increased focus on sustainable products could further enhance the competitive advantage.

Institutional Investor Share: 45% (estimated 2025)
Insider Buys/Sells: No significant changes in the last year (2025)

The institutional investor share in Toyo Tire Corporation is estimated to be around 45%. This indicates that a significant portion of the shares is held by large institutional investors, suggesting a certain level of confidence in the company's stability and growth potential.

In 2025, there were no significant insider buys or sells, indicating that the management and other insiders do not expect significant changes in their assessment of the company's value or its future development. This can be interpreted as a sign of stability and confidence in the current corporate strategy.

Market share of Toyo Tire Corporation: Estimated around 5% (2025)

Major competitors and their market shares:

1. Bridgestone Corporation: around 15%
2. Michelin: around 14%
3. Goodyear Tire & Rubber Company: around 10%
4. Continental AG: around 9%
5. Pirelli & C. S.p.A.: around 6%
6. Sumitomo Rubber Industries: around 5%
7. Toyo Tire Corporation: around 5%
8. Hankook Tire & Technology: around 4%
9. Yokohama Rubber Company: around 3%
10. Cooper Tire & Rubber Company: around 2%

Moat of Toyo Tire Corporation:

Toyo Tire Corporation has created a certain moat through specialized product lines, especially in the high-performance tire and off-road tire segments. This specialization allows the company to differentiate itself in specific niche markets and build a loyal customer base.

However, compared to larger competitors like Bridgestone and Michelin, who have more extensive research and development resources as well as a broader product range, Toyo's moat is less pronounced. These larger companies can achieve a stronger competitive advantage through their global presence and brand recognition.

Toyo Tire must continue to invest in innovation and brand strengthening to expand its moat and compete against the significant market leaders. Another focus could be on tapping into new markets and adapting to sustainable technologies to remain competitive in the long term.

Revenue Growth: 8.2% (2024) Profit Growth: 6.5% (2024) R&D Investments: 4.5% of revenue (2024)

Toyo Tire Corporation recorded a revenue growth of 8.2% in 2024, indicating strong demand for its products and effective market expansion. The profit growth of 6.5% shows that the company is able to manage its costs effectively and improve its margins.

The investments in research and development, accounting for 4.5% of revenue, suggest that Toyo Tire is investing in the future to expand its product range and develop innovative solutions. This could keep the company competitive in a rapidly changing automotive industry.

In summary, Toyo Tire Corporation appears to be a promising investment due to its solid financial performance and strategic investments in research and development. However, potential investors should also consider macroeconomic factors and industry trends before making a final decision.

Dividend Yield: 3.2% (2025, estimated)
Dividend History: Continuous payout over the last 5 years

Toyo Tire Corporation has regularly distributed dividends to its shareholders in recent years. The dividend yield for the year 2025 is estimated to be around 3.2%, based on current market conditions and company performance.

The reliability of dividend payments can be considered high, as the company has consistently paid dividends over the past five years. This indicates a solid financial foundation and a stable business model. Analysts expect Toyo Tire to continue this practice unless significant economic challenges arise.