Summary Report of Consolidated Business Results for the First Three Quarters of FY2005(13,Feb,2006)

OSAKA, JAPAN - February 13, 2006 - Toyo Tire & Rubber Co., Ltd. (President: Yoshio Kataoka) announced its consolidated business results for the first three quarters of FY2005 (from April 1 to December 31, 2005). Net sales totaled 227,340 million yen (up 10.6% year-on-year); operating income was 13,108 million yen (up 26.4%); ordinary income was 12,277 million yen (up 16.0%); and net income was 6,503 million yen (up 12.9%).

Results for each business segment are presented in the following sections.

Tires
Sales of original equipment tires increased year-on-year as a result of an increase in the number of cars equipped with our tires, which coincided with a slight increase in domestic vehicle production. Domestic sales of replacement tires showed a year-on-year growth, backed by brisk winter tire sales owing to heavy snowfall across the nation this year. Overseas sales increased significantly year-on-year due to favorable sales in North America and other key markets and the depreciation of the yen. Net sales in this segment were 152,926 million yen (up 13.4% year-on-year), and operating income was 12,536 million yen (up 24.7% year-on-year).
Chemical & Industrial Products
Sales of industrial rubber products grew year-on-year, due to increased orders for seismic isolation rubber for construction work, and anti-vibration rubber and air springs for railroad vehicles. Sales of industrial polyurethane products increased as well, due to the steady sales of rigid polyurethane thermal insulation boards and polyurethane concentrate solution. Net sales in this segment were 31,635 million yen (up 8.4% year-on-year), and operating income was 814 million yen (18 million yen worth of operating loss in the corresponding term of the previous year).
Automotive Parts
Sales of anti-vibration rubber products recorded a year-on-year growth, as a result of an increase in exports from Japan and the expansion of overseas production. Sales of air springs and seat cushions also showed a significant growth year-on-year, due to an increase in orders. Net sales in this segment were 41,653 million yen (up 3.3% year-on-year); however, due primarily to a delay in the ramping up of production both in Japan and overseas, operating loss was 652 million yen (69 million yen worth of operating loss in the corresponding term of the previous year).

[Consolidated Financial Highlights]

(Unit: millions of yen)

	First three quarters (From April 1 to December 31)		FY2004 (From April 1, 2004 to March 31, 2005)
	2005	2004	FY2004 (From April 1, 2004 to March 31, 2005)
♦Business Results
Net Sales	227,340	205,459	269,971
Operating Income	13,108	10,373	12,067
Ordinary Income	12,277	10,586	12,603
Net Income	6,503	5,761	7,480
Net Income(yen)	31.10	27.54	35.61
♦Financial condition
Total assets	328,999	298,117	284,464
Shareholders' Equity	90,648	74,061	74,723
Shareholders' Equity Ratio(%)	27.6	24.8	26.3
Shareholders' Equity per Share(yen)	433.53	354.13	357.17
♦By Business Segment
Tires Net Sales Operating Income	152,926 12,536	134,813 10,054	174,028 11,097
Chemical & Industrial Products Net Sales Operating Income	31,635 814	29,173 -18	39,921 277
Automotive Parts Net Sales Operating Income	41,653 -652	40,316 -69	54,500 146
Other Businesses Net Sales Operating Income	1,600 337	1,604 374	2,107 478
Notes: 1. The above segmentation is for internal management purposes. 2. Figures for net sales include inter-segment sales or transfer.
♦By Geographic Segment
Japan Net Sales Operating Income	147,246 12,313	139,674 8,848	187,828 10,539
North America Net Sales Operating Income	60,709 902	50,786 1,487	66,339 1,138
Others Net Sales Operating Income	19,383 1,164	14,998 586	15,806 536
Notes: 1. Geographic segmentation in the above is determined by geographical proximity. ("North America" includes the U.S.A. and Canada, and "Other" includes Europe, Oceania and other regions.) 2. Figures for net sales do not include inter-segment sales or transfer.

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