Toyo Tire & Rubber Co., Ltd. recently announced that its operating income for the first quarter of 2013 was 83.535 billion yen, down 30.7% year-on-year, while net profit rose sharply by 238% year-on-year to 4.234 billion yen. Toyo Tire’s operating revenue in Japan reached 37.188 billion yen in the first quarter, down 5.4% year-on-year; operating income in the North American market plummeted 41% year-on-year to 31.062 billion yen; operating income in other markets fell 46.4% year-on-year to 15.284 billion yen. yuan. Despite the decline in operating income, the operating profit of Dongyang Tire increased significantly in the first quarter, which was a surge of 69% year-on-year, and the operating profit rate increased from 2.9% in the same period last year to 7.1%. The increase in operating profit was mainly attributed to the domestic business in Japan. In the first quarter, the company’s operating profit in Japan reached 6.307 billion yen, a year-on-year increase of 204%. In North America, operating profit declined slightly by 1.2% year-on-year. Cold rolled steel sheet has small thickness with precision size and smooth surface. It has wide and various application used in auto industry, pipes and tubes, industrial engineering, furniture, packaging, electrical panels, construction and Infrastructure and consumer durables. 1018 Cold Rolled Steel Sheet, Cold Rolled Mild Steel Sheet, Cold Rolled Carbon Steel Sheet, Mild Steel Sheet SHANDONG LE REN SPECIAL STEEL CO., LTD. , https://www.sdthreadedrods.com
Toyo Tire's first-quarter net profit soared by 238% year-on-year