Financial Information : Latest Financial Results
Latest Financial Results
Feb 16, 2026 Released
In FY2025, a year characterized by a highly volatile and increasingly uncertain business environment, we focused on strengthening business quality through restructuring and rebuilding, and through global business cost reduction activities.
In terms of the business environment, additional U.S. tariffs affected direct material costs within the Group and tire exports to the U.S., and there were also impacts such as the economic slowdown in the U.S. affecting our operating results. Tire demand in key markets in North America, due to the aforementioned tariff impacts and economic slowdown, led to a significant year-on-year decrease in demand for new truck and bus tires. In addition, for replacement tires for passenger cars and small trucks, there were structural changes such as an increase in last-minute demand for low-priced imported tires ahead of the raising of tariffs. On the other hand, demand in Japan and Asia remained generally strong, while in Europe, it was mostly unchanged year on year.
Regarding the Group’s revenue, in this business environment, the Group experienced firm sales of premium replacement tires (including high-rim diameter tires of 18 inches or more) and ultra-large tires for mining vehicles. On the other hand, the impact of lower unit sales of new vehicle tires and of lower revenue in the Latin America business and chemical and industrial products business led to a slight year-on-year decline in revenue, but revenue would have increased year on year had it not been for the effect of exchange rates.
Adjusted operating profit rose year on year, despite the headwind of the effect of exchange rates, due to our success in offsetting factors such as the negative impact of high raw material prices and unrealized profit in inventory with improved sales prices and mix, employing various measures to absorb the impact of the U.S. tariffs, and reinforcing business quality through restructuring and rebuilding as well as global business cost reduction activities.
Operating profit declined year on year due to the recording of restructuring and rebuilding-related expenses, as well as the absence of the gain on sale of fixed assets that had been recorded in the previous fiscal year.
Profit increased year on year due to factors such as the reversal of uncertain tax treatments (uncertain income tax positions) recorded in prior years, which resulted in a refund of corporate income tax expense in the current fiscal year.
As a result, the Group’s revenue in FY2025 was ¥4,429.5 billion, a year-on-year decrease of 0.01%; adjusted operating profit was ¥493.7 billion, a year-on-year increase of 2%; operating profit was ¥381.2 billion, a year-on-year decrease of 14%; profit before tax was ¥354.7 billion, a year-on-year decrease of 16%; and profit attributable to owners of parent was ¥327.3 billion, a year-on-year increase of 15%.
(Yen in billions)
| 2024 Results *1 |
2025 Results *1 |
vs. PY （%） |
vs. PY （%） (excl. FX) |
||||||
|---|---|---|---|---|---|---|---|---|---|
| 9months | vs. PY （%） |
Q4 (3 months) |
vs. PY （%） |
||||||
| Revenue | 4,430.1 | 3,234.9 | (1) | 1,194.5 | +3 | 4,429.5 | (0) | +0 | |
| Adjusted Operating Profit | 483.3 | 368.4 | +4 | 125.3 | (4) | 493.7 | +2 | +4 | |
| Margin | 10.9% | 11.4% | +0.6pp | 10.5% | (0.7)pp | 11.1% | +0.2pp | +0.4pp | |
| Profit Attributable to Owners of Parent | 285.0 | 203.5 | (19) | 123.7 | +284 | 327.3*2 | +15 | ||
| ROIC | 8.2% | 8.3% | +0.2pp | ||||||
| ROE | 8.1% | 8.6% | +0.5pp | ||||||
| Dividend per Share | ¥210 | ¥230 | +¥20 | ||||||
| USD/JPY | ¥152 | ¥148 | - | ¥154 | - | ¥150 | - | ||
| EUR/JPY | ¥164 | ¥165 | - | ¥179 | - | ¥169 | - | ||
- Revenue, Adjusted Operating Profit, ROIC and ROE show figures for continuing operations and exclude revenue and expenses of the discontinued operations.
- Net Profit includes ¥70.4 billion reversal of tax expense due to write off uncertain tax treatment (uncertain tax positions) recorded in prior years.
