Company Performance: Strong earnings reports, increased revenue, and positive financial outlooks generally drive the stock price up, while poor performance can lead to price declines.

Industry Trends: The overall health and growth prospects of the tire industry impact investor sentiment towards Toyo Tire. A booming auto industry can boost demand for tires.

Economic Conditions: Factors like inflation, interest rates, and GDP growth can influence consumer spending and business investment, impacting tire sales and the stock price.

Market Sentiment: General optimism or pessimism in the stock market can affect all stocks, including Toyo Tire. Investor psychology and risk appetite play a key role.

Competitor Activity: Actions by rival tire manufacturers, such as price changes or product innovations, can impact Toyo Tire's market share and profitability.

Currency Exchange Rates: Fluctuations in exchange rates, especially between the US dollar and the Japanese yen, can affect Toyo Tire's earnings when translated into US dollars.

Raw Material Prices: The cost of raw materials used in tire production, such as rubber and oil, can impact Toyo Tire's profitability and subsequently its stock price.