Toyo Tire Corporation (Formerly Toyo Tire & Rubber Co., Ltd.)

Company Profile

■URL

■Address

2-2-13 Fujinoki, Itami-shi, Hyogo-ken, 664-0847, Japan

Business Overview

-The three business are: Tire, Auto Parts, Others (real estate)

-Mitsubishi Corporation owns a 20.01% stake in the company.

-The tire business, the Company’s main area of business, accounts for 90% of the Company’s sales. Develops, manufactures, and sell tires for passenger cars, SUVs, pickup trucks, light-duty trucks, and buses. Its tires are sold under the following brands: Toyo Tires and Nitto.

Shareholders

-Moved to the Prime Market of the Tokyo Stock Exchange

(As of Dec. 31, 2023)

Name or Company Name	Investment Ratio (%)
Mitsubishi Corporation	20.01
The Master Trust Bank of Japan, Ltd. (Trust Account)	14.77
Custody Bank of Japan, Ltd. (Trust Account)	6.88
CEP LUX-ORBIS SICAV	3.24
Bridgestone Corporation	3.10
Toyota Motor Corporation	3.08
SMBC Nikko Securities Inc.	2.23
THE BANK OF NEW YORK MELLON 140044	1.90
Employee Stock Ownership Plan	1.26
Tokio Marine & Nichido Fire Insurance Co., Ltd.	1.22
Total	57.73

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Products

Tire business
-Tires
-Tubes for tires
-Flaps
-Aluminum wheels

Automotive Parts (Business)
-Anti vibration rubbers

Engine mounts
Motors mounts
Member mounts
Differential mounts
Strut mounts
Bushes
Couplings
Exhaust mounts
Dynamic dampers

-CVJ boots

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History

Dec. 1943	Hirano Rubber Manufacturing established (with capital of 1.4 million yen).
Aug. 1945	Merged with Toyo Rubber Chemical, Inc., and the Company name was changed to Toyo Tire & Rubber Co., Ltd. (with capital of 9.5 million yen). Produced footwear, tires, tubes, belts, recycled rubber and rubber coated fabric at the Amagasaki, Osaka, Ibaraki, Kawanishi, and Tokyo Plants, respectively.
Aug. 1947	Started exporting truck tires.
May, 1949	Listed on the Osaka Stock Exchange.
Jul. 1953	Started operations at the Itami Plant to manufacture passenger-car tires.
May 1955	Listed on the Tokyo Stock Exchange
Sep. 1961	Listed on the Nagoya Stock Exchange.
Dec. 1961	Established the Central Lab (currently the Technology Development Center, Ibaraki-shi)
Dec. 1962	Established Tohoku Toyo Rubber Inc. (Sendai-shi, Miyagi) for automobile tire production.
Jul. 1966	In order to launch tire sales in the USA, Toyo Tire (U.S.A.) Corp. was established as the first overseas sales subsidiary in the USA founded by a Japanese tire manufacturer.
Jun. 1971	Established Toyo Giant Tire Co., Ltd. (currently Nippon Giant Tire Co., Ltd.)
Feb. 1974	Established Toyo Tyre & Rubber Australia Ltd.
Jul. 1975	Established Tire Testing Course in Miyazaki Prefecture, Japan, the first of its kind built by a Japanese tire manufacturer.
Apr. 1978	Merged with Tohoku Toyo Rubber
Feb. 1979	Formed a comprehensive business alliance with Nitto Tire Inc. that covered manufacturing, technology, sales, and general administration.
Nov. 1979	Established Hishito Tire Inc.
Nov. 1981	Formed a business tie-up with Continental (Germany)
Jan. 1983	Signed a technology agreement with General Tire (currently Continental North America Inc.).
Jun. 1983	Established Fukushima Plant (Fukushima-shi, Fukushima) in order to produce marine products as authorized by the government.
Apr. 1985	Established Nippon Giant Tire Co., Ltd. (joint venture with Goodyear Tire & Rubber Company)
Apr. 1986	Established Nippon Giant Tire Co., Ltd. (joint venture with Goodyear Tire & Rubber Company)
Mar. 1987	Established a joint venture company Yoshin Kogyo with Zhengxin Rubber Industry (China) to develop business in anti-vibration rubber for automobiles.
Nov. 1988	Established a company, "GTY Tire Company" to manufacture radial-ply tires for trucks/buses as a joint venture with General Tire Company (U.S.) (currently Continental General Tire Company) and Yokohama Rubber.
Jan. 1996	Invested in Zhengxin Rubber (China) Inc., a subsidiary of Zhengxin Rubber Industry (Republic of China) in the field of passenger car tires.
Oct. 1996	Acquired Hishito Tire.
Dec. 1998	Itami Plant integrated into Kuwana Plant.
Sep. 1999	Formed a commercial alliance with Kinugawa Rubber Plant in the area of anti-vibration rubber products for automobiles.
Feb. 2000	8 domestic manufacturing offices acquired ISO 14001 certification.
Apr. 2000	Established Eastern Japan Automobile Parts Technical Center (Chiba Inage-ku).
Sep. 2000	Introduced independently operated profit centers.
Nov. 2001	Completed the main building of the "Toyo Technical Center", which is to become the central department for the R&D in the company, at (Itami-shi, Hyogo).
Aug. 2002	The Company entered into a capital participation in CSTP Tire (Xiamen) Co., Ltd. (China) in regards to radial tires for trucks/buses field,
Jan. 2003	Established Toyo Tire (Shanghai) Co., Ltd., which is a joint venture with Mitsubishi Corporation to sell tires in Shanghai, China.
Feb. 2003	Acquired a manufacturing subsidiary from Nichiasu Corporation and renamed it Soflan U-Board Co., Ltd. The subsidiary manufactures rigid urethane insulation boards.
Jun. 2004	Established Toyo Tire North America, Inc., an automotive tire manufacturing subsidiary in Georgia, U.S.A.
Jul. 2004	Established Toyo Advanced Technology Inc. in Nishi-ku, Osaka, a subsidiary to manufacture and sell polishing pads for semiconductor silicon wafer CMP equipment.
Sep. 2004	Established Toyo Automotive Parts (Guangzhou) Co., Ltd., a subsidiary to produce automotive anti-vibration rubber products in Guangzhou, China.
Apr. 2006	Merged Toyo Soflan Co,. Ltd. and Chubu Soflan Co., Ltd., forming a new company called Toyo Soflan Co., Ltd.
May 2008	Reached a basic agreement with Bridgestone Corporation to form a business and capital alliance.
Apr. 2010	Established a subsidiary, Toyo Tires Zhangjiagang Co., Ltd., to produce automotive tires in Chiangsu, China
Oct. 2010	Acquired all shares of Malaysia-based Silverstone Berhad, which manufactures and sell automotive tires, making the company a subsidiary.
Apr. 2011	Established tire manufacturing subsidiary "Toyo Tyre Manufacturing (Malaysia) Sdn Bhd (Current, Toyo Tyre Malaysia Sdn Bhd)" in Perak, Malaysia.
Jun. 2011	Acquired complete equity of tire manufacturing and sales company "Shandong Silverstone Luhe Rubber & Tyre Co., Ltd." in Shandong, China, and changed its name to "Toyo Tire (Zhucheng) Co., Ltd".
Jul. 2017	Dissolved the business alliance with Kinugawa Rubber Industrial Co., Ltd.
Jan. 2019	Changed company name to TOYO TIRE.
Oct. 2019	Established Toyo Tire Serbia d.o.o. Beograd, a production subsidiary for automotive tires, in the Republic of Serbia (Belgrade).
Nov. 2019	Established "European R&D Center" in Germany (Willich).