Sumitomo Rubber Industries Ltd. (TYO:5110) has cut its full year earnings projections. According to President Ikuji Ikeda, the downward revision from the earnings projections announced in May 2016 can be attributed to the sharp appreciation of the yen. Full year sales are projected to drop 4.6 percent year-on-year to 810 billion yen ($8.09 billion), while operating profits are expected to...
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Sumitomo Rubber Industries Ltd. (TYO:5110) is playing an active role in the movement of forest development and maintenance as part of its corporate social responsibility activities. On July 2, the company carried out tree-pruning activities at Tamba Romance Forest, located within Tamba Namikimichi Central Park, Sasayama City, Hyogo Prefecture. Primarily focusing on a block of trees planted back in 2013,...
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Ikuji Ikeda, president and CEO of Sumitomo Rubber Industries Ltd. (TYO:5110), said in a recent interview with the Japan Rubber Weekly that he expects major progress in his company’s global strategy. The dissolution of the alliance agreement with The Goodyear Tire & Rubber Company of the U.S. will free Sumitomo Rubber of constraints in the North American and European markets...
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