Toyo Tire Corp. Sells Portion of its Stock in Bridgestone

Toyo Tire Corp.’s President and CEO Takashi Shimizu and its Board of Directors resolved to sell a portion of its stock holdings in Bridgestone

Corporation, with whom Toyo Tire maintains business and capital

alliances.

The company will sell 50% of its holdings of over 3 million shares worth 4,000 million yen on the Tokyo Stock Exchange. The sale is expected to be completed by Feb. 29, 2020.

Under a 2008 framework of business and capital alliances, Toyo

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