Toyo Tire Corporation

Is Toyo Tire publicly traded?
Yes, Toyo Tire Corporation is publicly traded on the Tokyo Stock Exchange under the ticker 5105. The company has been publicly traded for many years. Its shares are widely held by institutional investors, with no single controlling shareholder. The company is a member of the Toyota Group keiretsu but operates independently.

Who owns Toyo Tire Corporation?
Toyo Tire Corporation is owned by its shareholders, including Japanese trust banks, investment trusts, foreign institutional investors, and individual investors. Toyota Motor Corporation and Toyota Industries hold small stakes as part of the Toyota Group keiretsu relationship, but no shareholder has controlling ownership. The company operates independently with its own management team led by CEO Takashi Shimizu.

What brands does Toyo Tire own?
Toyo Tire manufactures tires under three brands: Toyo (mid-premium tires sold globally), Nitto (premium tires focused on the North American truck, SUV, and performance car market), and Silverstone (value tires sold in Southeast Asian markets). The Nitto brand, with its Grappler line of truck tires, is particularly successful in the North American aftermarket.

What is Toyo Tire's revenue?
Toyo Tire reported FY2024 revenue of approximately JPY 560 billion (approximately $3.7 billion). The Tire Business accounts for approximately 90% of total revenue, with the Automotive Parts Business contributing the remaining 10%. Revenue has grown steadily, driven by Nitto brand expansion in North America and the Serbia plant ramp-up for the European market.

Where are Toyo tires manufactured?
Toyo Tire manufactures tires at facilities in Japan, the United States (Bartow County and White, Georgia), China, Thailand, Malaysia, and Serbia. The Serbia plant, which opened in 2022, reached full production capacity in 2025. This global manufacturing network allows the company to serve regional markets with locally produced tires.

When was Toyo Tire founded?
Toyo Tire was founded in 1945 as Toyo Tire & Rubber Company in Osaka, Japan. The company was established in the aftermath of World War II to manufacture tires and rubber products. It celebrated its 80th anniversary in 2025. The company changed its name to Toyo Tire Corporation in 2019.

Who is the CEO of Toyo Tire?
Takashi Shimizu serves as President and CEO of Toyo Tire Corporation. Under his leadership, the company has focused on expanding its global manufacturing footprint, growing the Nitto brand in North America, and investing in next-generation tire manufacturing technology.

What is the Nitto brand?
Nitto is a premium tire brand owned by Toyo Tire Corporation, focused primarily on the North American market. Nitto was established as a separate brand in 1999 and is known for its Grappler line of light truck tires (Ridge Grappler, Trail Grappler, Mud Grappler) and its high-performance tires for sports cars. Nitto has a strong and loyal following among truck, SUV, and off-road enthusiasts.

Toyo Tire Corporation was founded in 1945 as Toyo Tire & Rubber Company in Osaka, Japan. The company was established in the aftermath of World War II to manufacture tires and rubber products for the Japanese market. The early years were focused on rebuilding Japan's industrial capacity and supplying tires for domestic vehicles.

In the 1960s and 1970s, Toyo Tire expanded its production capacity and product range as Japan's automotive industry grew rapidly. The company began exporting tires to international markets, taking advantage of Japan's reputation for manufacturing quality. Toyo Tire also expanded into automotive parts, including anti-vibration rubber and polyurethane products, diversifying its revenue beyond tires.

In 1982, Toyo Tire established Toyo Tire U.S.A. Corporation to expand its presence in the North American market. The company initially focused on the replacement tire market, selling tires through independent dealers. The Toyo brand gained a reputation for quality and value in the North American aftermarket.

In 1999, Toyo Tire established Nitto Tire U.S.A. as a separate brand targeting the North American market. Nitto was positioned as a premium brand focused on performance, truck, and SUV tires. The Nitto brand became particularly successful with the Grappler line of light truck tires, which developed a strong following among off-road and truck enthusiasts. Nitto's success in North America has been a key growth driver for Toyo Tire.

Toyo Tire began manufacturing in the United States in 2006 with the opening of its Bartow County, Georgia facility. The company later expanded its U.S. manufacturing with a second facility in White, Georgia. U.S. manufacturing allowed Toyo Tire to serve the North American market with locally produced tires, reducing shipping costs and avoiding import tariffs.

The company changed its name from Toyo Tire & Rubber Company to Toyo Tire Corporation in 2019, reflecting its focus on the tire business.

In 2022, Toyo Tire opened a new manufacturing plant in Serbia, its first European production facility. The Serbia plant was built to serve the European market with locally manufactured tires, reducing dependence on imports from Japan and Asia. The plant reached full production capacity in 2025, marking a milestone in the company's European expansion strategy.

In 2025, Toyo Tire celebrated its 80th anniversary. The company highlighted the Serbia plant reaching full capacity, product awards for tires manufactured at the Serbia facility, and its continued inclusion in the FTSE4Good Index Series. CEO Takashi Shimizu outlined the company's strategic vision for continued growth and innovation.

Toyo Tire has been selected as a constituent of the FTSE4Good Index Series for seven consecutive years as of 2026. The FTSE4Good Index Series measures the performance of companies that demonstrate globally recognized ESG practices. Toyo Tire is also a constituent of the FTSE JPX Blossom Japan Index and the FTSE JPX Blossom Japan Sector Relative Index, which recognize companies with strong performance in corporate governance, health and safety, anti-corruption, and climate change.

The company publishes sustainability information as part of its annual reporting. Toyo Tire has set targets for reducing CO2 emissions, improving energy efficiency, and increasing the use of sustainable raw materials. The company's manufacturing facilities implement environmental management systems certified to ISO 14001.

Toyo Tire does not have B Corp certification. Its sustainabilityFlags are empty because there are no independently verifiable certifications to report beyond the FTSE4Good inclusion, which is an index inclusion rather than a certification.

The company's main environmental impacts relate to raw material sourcing (natural rubber, which has been associated with deforestation in Southeast Asia), energy consumption in manufacturing, and end-of-life tire disposal. Toyo Tire has implemented programs to address these impacts, including sustainable natural rubber sourcing policies and tire recycling initiatives.