Sumitomo Rubber’s Tire Business Posts 17% Sales Gain for January–March

The first quarter of calendar 2022 saw Sumitomo Rubber Industries Ltd. (TYO:5110) post IFRS-based results that included 250.51 billion yen ($1.96 billion) in sales revenue, marking a 17.2 percent year-on-year increase. The tire business contributed to that amount with 210.87 billion yen of sales revenue, up 16.9 percent, as well as a 20.5 percent year-on-year increase in operating profit to…

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