Toyo Tire & Rubber Co., Ltd. has made the following revisions to its consolidated and non-consolidated performance forecasts for the fiscal year ending March 31, 2008 (April 1, 2007 to March 31, 2008). The forecasts were released on November 13, 2007.

1. Revisions to the consolidated performance forecast for the fiscal year ending March 31, 2008 (April 1, 2007 to March 31, 2008)

(Unit: Millions of yen)

Net sales Operating income Ordinary income Net income Net income per share (yen) Previously announced forecast (A) (Released November 13, 2007) 349,000 11,500 9,000 4,700 22.48 Revised forecast (B) 356,000 11,000 8,200 4,100 19.61 Difference (B-A) 7,000 -500 -800 -600 -2.87 Percentage change 2.0% -4.3% -8.9% -12.8% -12.8% Results from the previous fiscal year ended March 31, 2007 320,427 9,369 5,789 6,015 28.77

2. Revisions to the non-consolidated performance for the fiscal year ending March 31, 2008 (April 1, 2007 to March 31, 2008)

(Unit: Million yen)

Net sales Operating income Ordinary income Net income Net income per share (yen) Previously announced forecast (A) (Released November 13, 2007) 248,000 3,100 3,800 1,300 6.22 Revised forecast (B) 244,000 900 1,700 -600 -2.87 Difference (B-A) -4,000 -2,200 -2,100 -1,900 -9.09 Percentage change -1.6% -71.0% -55.3% - - Results from the previous fiscal year ended March 31, 2007 244,158 5,327 5,901 2,986 14.29

3. Reasons for the revisions
Mainly due to sluggish domestic demand, but exacerbated by surging raw materials prices and a greater-than-expected appreciation of the yen, operating income, ordinary income, and net income are expected to fall short of our November 13, 2007 forecasts, on both a consolidated and non-consolidated basis.

© TOYO TIRE & RUBBER CO., LTD.

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