Revised Performance Forecast for Interim Period
(October 28, 2005)
Toyo Tire & Rubber Co., Ltd. has made the following revisions to its consolidated and non-consolidated performance forecasts for the interim period (Apr. 1 - Sep. 30, 2005) of the fiscal year ending March 31, 2006, which were released on August 11 and May 11, 2005, respectively.
1. Revisions to the consolidated performance forecast for the interim period (Apr. 1 - Sep. 30, 2005) of the fiscal year ending March 31, 2006
| Net sales; | Ordinary income | Net income | |
| Previously announced forecast (A) (Released on August 11, 2005) |
139,000 | 5,300 | 1,300 |
| Revised forecast (B) | 141,000 | 5,600 | 2,100 |
| Difference (B-A) | 2,000 | 300 | 800 |
| Percentage change | 1.4% | 5.7% | 61.5% |
| Results from the previous interim period of the fiscal year ending March 31, 2005 |
128,098 | 4,740 | 2,171 |
2. Revisions to the non-consolidated performance forecast for the interim period (Apr. 1 - Sep. 30, 2005) of the fiscal year ending March 31, 2006
| Net sales; | Ordinary income | Net income | |
| Previously announced forecast (A) (Released on May 11, 2005) |
103,000 | 1,500 | 500 |
| Revised forecast (B) | 141,000 | 5,600 | 2,900 |
| Difference (B-A) | 11,000 | 4,100 | 2,400 |
| Percentage change | 10.7% | 273.3% | 480.0% |
| Results from the previous interim period of the fiscal year ending March 31, 2005 |
103,429 | 4,933 | 3,417 |
3. Reasons for the revisions
A decrease from the previous forecast in extraordinary losses recorded in the interim period has caused net income to exceed its August 11, 2005 forecast.
Sales of tires for overseas markets significantly exceeding forecasts, and the greater-than-expected depreciation of the yen, have caused net sales, ordinary income, and net income to exceed their May 11, 2005 forecasts.
4. Remark
Toyo Tire & Rubber plans to announce revised whole-year performance forecasts at the time of announcement of the semiannual settlement on November 9, 2005.