Toyo's North America Sales Hold Steady in 2012

Toyo Tire & Rubber Co. saw net sales of 291,110 million yen in its fiscal year 2012, the period from April 1 through Dec. 31. Net income was 13,218 million yen.

The Tire Business Unit posted net sales of 228,744 million yen and operating income of 13,014 million yen.

In North America, “despite the impact of a sluggish economy, sales remained at the same level as last year thanks in part to strong sales of SUV tires,” the tiremaker said.

Because 2012 marked the transitional year for Toyo’s change in fiscal year, the nine-month results for Japanese companies and 12-month results for its overseas companies are irregular; therefore, the company said it did not offer year-on-year results.

The company’s consolidated business outlook for the fiscal year ending Dec. 31, 2013, includes net sales of 360,000 million yen and net income of 12,000 million yen.

The Goodyear Tire & Rubber Company has named Ryan Waldron as president of the company's Americas business unit, reporting to Chief Executive Officer and President Mark Stewart. He succeeds Steven R. McClellan, who retired on April 1.

"At Goodyear, our customers are at the center of everything we do, and in Ryan Waldron, we have a customer-centric, execution-focused business leader with a deep understanding of both the marketplace and all aspects of our business, as well as a proven track record of delivering results," Stewart said. "I am thrilled to announce him as president of Goodyear's Americas business and have enormous confidence that under his leadership, both the company and our customers will reach even greater levels of success."