Toyo Tire & Rubber Announces Consolidated Business Results for the First Quarter of FY2007.Osaka Osaka (ō`säkä), city (1990 pop. 2,623,801), capital of Osaka prefecture, S Honshu, Japan, on Osaka Bay, at the mouth of the Yodo River. , Japan, Aug 10, 2007 - (JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) Newswire) - Toyo TOYO may refer to:
v. con·sol·i·dat·ed, con·sol·i·dat·ing, con·sol·i·dates v.tr. 1. To unite into one system or whole; combine: business results for the first quarter of fiscal 2007 (from April 1, 2007 to June June: see month. 30, 2007). Due to the strong performance of the tire business on the overseas markets, net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight increased by 8,895 million yen to 82,777 million yen (up 12.0% from the first quarter of fiscal 2006), operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. increased by 766 million yen to 4,217 million yen (up 22.2%), ordinary income increased by 1,492 million yen to 4,240 million yen (up 54.3%), and net income decreased by 4,498 million yen to 3,632 million yen (down 55.3%). Results by business segment are as follows: 1. Tires Net sales within the tire segment increased by 8,608 million yen to 58,468 million yen (up 17.3% compared to the same period of fiscal 2006). Sales of original equipment tires fell below the levels of the same quarter of the previous year due to decreased production of car models equipped with Toyo's products. In the domestic market, despite slow domestic demand, vigorous efforts to boost sales resulted in sales equivalent to the levels of the same period of the previous year. Meanwhile, the volume of overseas sales, centering mainly on the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. market, substantially surpassed the levels of the same period of the previous level. And together with the continued trend for the weak yen, net sales exceeded the levels for the same period of a year earlier. Operating income increased by 890 million yen compared to the same period of the previous year to 4,075 million yen (up 27.9%). 2. DiverTech and others In April of this year, the former Chemical & Industrial Products segment was combined with the Automotive Parts segment, and with the addition of other businesses became the DiverTech and others segment. This new segment registered 24,308 million yen (an increase of 286 million yen compared to the same period of the previous year, up 1.2%) in net sales. Sales of rigid This article is about mathematics. For the materials sense, see Stiffness. In mathematics, suppose C is a collection of mathematical objects (for instance sets or functions). polyurethane polyurethane Any of a class of very versatile polymers that are made into flexible and rigid foams, fibres, elastomers (elastic polymers), surface coatings, and adhesives. for thermal insulation The term thermal insulation can refer to materials used to reduce the rate of heat transfer, or the methods and processes used to reduce heat transfer. Heat is transferred from one material to another by conduction, convection and/or radiation. applications and other materials including flexible polyurethane products, as well as seismic isolation rubber in the building materials Building materials used in the construction industry to create . These categories of materials and products are used by and construction project managers to specify the materials and methods used for . segment fell below the levels of the same quarter of a year earlier. In the transport machine field, there was a substantial increase in incoming Incoming is a 3-D shooter developed by Rage Software and published by Interplay. The PC version was released in late 1998, and the Dreamcast version, a launch title for the console, was released in 1998 in Japan and in 1999 in the rest of the world. orders for air springs and anti-vibration rubber products for railroad railroad or railway, form of transportation most commonly consisting of steel rails, called tracks, on which freight cars, passenger cars, and other rolling stock are drawn by one locomotive or more. vehicles, while sales of anti-vibration rubber products for automobiles No invention has so transformed the landscape of the United States as the automobile, and no other country has so thoroughly adopted the automobile as its favorite means of transportation. also exceeded the levels of the same period last year thanks to increased productions by the overseas subsidiaries. However, sales of automobile automobile, self-propelled vehicle used for travel on land. The term is commonly applied to a four-wheeled vehicle designed to carry two to six passengers and a limited amount of cargo, as contrasted with a truck, which is designed primarily for the transportation of seat cushions basically remained the same as the same period of the previous year. As a result, operating income decreased by 105 million yen compared to the same period of the previous year to 136 million yen (down 43.6%). As for the performance forecast for the interim period of fiscal 2007 (from April 1, 2007 to September September: see month. 30, 2007), the Company, in anticipation The performance of an act or obligation before it is legally due. In patent law, the publication of the existence of an invention that has already been patented or has a patent pending, of consolidated and non-consolidated net sales, operating income, ordinary income and net income to exceed the previously released forecasts as a reflection of the effects of the weak yen and cost improvement measures, has revised its previous forecast (released on May 15, 2007) as follows:
Millions of yen
----------------------------------------------------------------------
Net Operating Ordinary Net
sales income income income
----------------------------------------------------------------------
Consolidated 172,000 5,800 4,900 3,900
Non-consolidated 121,000 2,600 3,600 1,700
----------------------------------------------------------------------
For details of the revisions ReVisions is a 2004 anthology of alternate history short-stories. It is edited by Julie E. Czerneda and Isaac Szpindel. Contents Title Author The Resonance of Light James Alan Gardner Out of China Julie E. to the performance forecast, please refer to the Announcement of Revised Performance Forecast, which will be released today. The Company also plans to review its full-year performance forecast at the time of release of interim financial results for fiscal 2007. Consolidated Financial Highlights
Millions of yen
-------------------------------------------------------------------
FY2007 FY2006 FY2006
1Q 1Q Full Year
-------------------------------------------------------------------
Business Results
Net Sales 82,777 73,882 320,427
Operating Income 4,217 3,451 9,369
Ordinary Income 4,240 2,748 5,789
Net Income 3,632 8,130 6,015
Net Income per share (Yen) 17.38 38.88 28.77
-------------------------------------------------------------------
Financial Position
Total Assets 336,113 319,747 335,263
Net Assets 100,583 96,629 97,446
Capital Ratio (%) 29.3 29.5 28.4
Net Assets per Share (Yen) 470.74 451.71 455.83
-------------------------------------------------------------------
Results By Business Segment
Tires
Net Sales 58,468 49,860 218,399
Operating Income 4,075 3,185 8,169
DiverTech and Others
Net Sales 24,308 24,022 102,027
Operating Income 136 241 1,253
Chemical & Industrial Products
Net Sales -- 10,122 41,146
Operating Income -- 207 766
Automotive Parts
Net Sales -- 13,806 60,468
Operating Income -- (33) 219
Other Businesses
Net Sales -- 93 412
Operating Income -- 41 217
-------------------------------------------------------------------
Notes:
[1]FY2007 1Q: From April 1, 2007 to June 30, 2007
FY2006 1Q: From April 1, 2006 to June 30, 2006
FY2006 Full Year: From April 1, 2006 to March 31, 2007
[2]Segmentation in the above is based on the Company's
internal rule and is for management purposes.
[3]Net sales do not include inter-segment transactions/transfers.
[4]Results of FY2006 for DiverTech and others have been calculated
in accordance with the current business classifications.
Results By Geographic geographic /geo·graph·ic/ (je?o-graf´ik) in pathology, of or referring to a pattern that is well demarcated, resembling outlines on a map. geographic pertaining to geography. Segment
Millions of yen
-------------------------------------------------------------------
FY2007 FY2006 FY2006
1Q 1Q Full Year
-------------------------------------------------------------------
Japan
Net Sales 42,369 44,010 184,625
Operating Income 2,263 3,124 7,924
North America
Net Sales 27,558 22,852 98,112
Operating Income 1,370 7 336
Other
Net Sales 12,849 7,020 37,689
Operating Income 475 337 (231)
-------------------------------------------------------------------
Notes:
[1]Geographic segmentation of countries and regions is based on
geographical proximity. ("North America" includes the U.S.A. and
Canada, and "Other" includes Europe, Oceania and other regions.)
[2]Net sales do not include inter-segment transactions/transfers.
For more information, please visit http://www.toyo-rubber.co.jp/english/index.html About Toyo Tire & Rubber Co., Ltd. Founded in 1945, Toyo Tire & Rubber Co., Ltd. (Toyo) is one of the world's leading manufacturers of products that include automotive tires and parts, as well as of industrial rubber and soft and rigid polyurethane products for automotive and industrial uses. Today, the Toyo Group is active in over 100 countries and regions. Through its unique business model, it maintains market leadership by supplying highly original products and services that meet the changing needs of customers throughout the world. Having earned a global reputation for the quality of its products, the Toyo Group is now working to build a reputation for high executive standards through a high level of management transparency (1) The quality of being able to see through a material. The terms transparency and translucency are often used synonymously; however, transparent would technically mean "seeing through clear glass," while translucent would mean "seeing through frosted glass." See alpha blending. . For more information, please visit www.toyo-rubber.co.jp. Source: Toyo Tire & Rubber Co., Ltd. Contact: Toyo Tire & Rubber Corporate Communications Tel. +81-6-6441-8803 Japan Corporate News Network. All rights reserved. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion