Toyo Tire Corporation
5105・Prime Market・Rubber Products
Governance
Company with a Board of Corporate Auditors. The Board of Directors consists of 8 members (of which 4 are outside directors, a 50% outside ratio), and a voluntary Nomination and Compensation Committee (with outside directors forming a majority) has been established as an advisory body to the Board of Directors. Following approval at the Ordinary General Meeting of Shareholders on March 27, 2026, the Board of Directors is scheduled to consist of 9 members (of which 5 will be outside directors).
Risk Management
The company designates risks with significant potential impact on management as "key risks," establishing a company-wide risk management framework in which the Risk Management Committee reports regularly to the Executive Committee. For climate change and human rights risks, the corporate division conducts materiality assessments, with a framework in place to report to both the Sustainability Committee and the Risk Management Committee.
Shareholder Returns
Under the 'Chuki '26' mid-term management plan, the company aims for a DOE (dividend on equity) of 4.5% and a payout ratio of 30% or more, continuing progressive dividends. For FY2026 (ending December 2026), an annual dividend of ¥135 (interim ¥65 + year-end ¥70) is forecast. Actual results for FY2025 (ended December 2025) were an annual dividend of ¥130 (interim ¥60 + year-end ¥70).
Dividend Policy
The basic policy is to pay appropriate dividends based on a stable earnings structure with a long-term perspective. Under the mid-term management plan 'Chuki '26,' the company has set target levels of a DOE (dividend on equity) of 4.5% and a payout ratio of 30% or more, and continues to pay stable and progressive dividends. Dividends are paid twice a year (interim and year-end). Actual results for FY2025 (ended December 2025) were an annual dividend of ¥130 (interim ¥60 + year-end ¥70). The forecast for FY2026 (ending December 2026) is an annual dividend of ¥135 (interim ¥65 + year-end ¥70). As of the end of the first quarter of FY2026 (ending December 2026), there has been no change to the dividend forecast.
ESG
The company supports the TCFD recommendations and has set targets to reduce Scope 1 & 2 GHG emissions by 46% by 2030 (versus FY2019) and achieve carbon neutrality by 2050. It targets a sustainable raw material usage ratio of 40% by 2030 and 100% by 2050, and has achieved a 96% implementation rate for environmental and social risk assessments of primary suppliers (2025 result). In terms of human capital, the ratio of female assistant managers rose from 4.7% in 2020 to 9.7% in 2025, and the male childcare leave uptake rate reached 72.6%.
Last updated: March 26, 2026