Japanese broker cuts Toyo Tire stock target to JPY 4,590

Toyo Tire (JP3610600003) saw second-quarter revenue rise 3.6 percent to JPY 153.2 billion, while earnings per share fell to JPY 90.64, according to Simply Wall St. The figures cover the second quarter of 2026.

Profit pressure follows sales growth

Second-quarter revenue increased from JPY 148.0 billion in the same period of 2025, but earnings per share declined from JPY 129.00 to JPY 90.64. Net income reached JPY 14.0 billion, down 30 percent year over year, while profit margin fell to 9.1 percent from 13 percent, according to Simply Wall St.

What does the target cut imply?

On October 6, 2026, a Japanese brokerage kept its bullish rating but cut Toyo Tire's target from JPY 4,830 to JPY 4,590, as reported by Yahoo Finance Japan. The new target stood 12.64 percent above the JPY 4,075 last price on October 23, 2026, giving the valuation discussion a concrete reference point.

Next results arrive November 16

Toyo Tire is scheduled to report its third-quarter 2026 results on November 16, 2026, according to Simply Wall St. That date is the next defined checkpoint for whether sales growth can offset the weaker earnings performance recorded through the second quarter.

Japanese valuation remains below target

Toyo Tire was last quoted at JPY 4,075 on the Tokyo Stock Exchange on October 23, 2026 at 3:30 p.m. JST. Its market capitalization was JPY 627.6 billion, and its 52-week range was JPY 3,425 to JPY 4,855 as of that date.

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Market context: Market report Nikkei 225.

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