Retail

Toyo reports sales, income gains

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Toyo Tire (U.S.A.) Corp. parent company Toyo Tire & Rubber Co. Ltd. achieved net annual sales of 256.1 million yen for its fiscal year that ended on March 31.

Toyo's net sales for the previous year totaled 255.1 million yen.

The company's fiscal year net income was 5.5 million yen. However, its operating income dropped from 13.5 million yen to 7.6 million yen.

"We do not release our financials for North America," a Toyo spokesman told mtdealer.com.

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