Announcement of Revised Performance Forecast(14,Nov,2006)

Toyo Tire & Rubber Co., Ltd. has made the following revision to its consolidated and non-consolidated performance forecasts for the fiscal year ending March 31, 2007 (April 1, 2006 to March 31, 2007). These forecasts were initially announced on May 26, 2006.

1.Revision of the consolidated performance forecast for the fiscal year ending March 31, 2007 (April 1, 2006 to March 31, 2007)

(Unit: ¥ million)
  Net sales; Ordinary income Net income
Previously announced forecast (A)
（Released on May 26, 2006）
 333,000 10,000 13,600
Revised forecast (B) 320,000 10,000 11,000
Difference (B-A) -13,000 0 -2,600
Percentage change -3.9% ― -19.1%
Results for the previous fiscal year ended March 31, 2006 300,249 10,453 5,378


2. Revision of the non-consolidated performance forecast for the fiscal year ending March 31, 2007 (April 1, 2006 to March 31, 2007)
(Unit: ¥ million)
  Net sales Ordinary income Net income
Previously announced forecast (A)
（Released on May 26, 2006）
 246,000 5,000 6,200
Revised forecast (B) 245,000 8,000 6,000
Difference (B-A) -1,000 3,000 -200
Percentage change -0.4% 60.0% -3.2%
Results from the previous interim period of
the fiscal year ending March 31, 2006		 236,910 9,689 4,070

3. Reasons for the revisions
(Reason for the revision of the consolidated performance forecast)
Sales factors arising from changes in the tire model mix intended for overseas markets have caused net sales to fall short of previously announced (May 26, 2006) forecasts, while the posting in the following term of a portion of the extraordinary profit from the sales of the Amagasaki idle assets have caused net income to fall short of previously announced (May 26, 2006) forecasts.

(Reason for the revision of the non-consolidated performance forecast)
A greater-than-expected depreciation in the yen and the benefits of cost reduction measures have caused ordinary income to exceed the previously announced (May 26, 2006) forecasts.

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