Sumitomo Rubber Industries Ltd. (TYO:5110) President Satoru Yamamoto has revealed a new medium-term management plan set to run through to fiscal 2025. The plan’s goals for that final year are to achieve 1 trillion yen ($9.1 billion) in sales revenue, 100 billion yen in business profit, a return on equity of at least 10 percent and a debt-to-equity ratio of...
Sumitomo Rubber Industries Ltd. (TYO:5110) President and CEO Satoru Yamamoto recently laid out a set of three initiatives for his company to pursue heading into 2020, positioning these as a first step to bringing about the ideal organization. The first of these initiatives is for Sumitomo Rubber to establish a strong profit foundation, which will help the company to achieve...
More than half a year has passed since Satoru Yamamoto was inaugurated as president and CEO of Sumitomo Rubber Industries Ltd. (TYO:5110) this March. Talking recently about his plans going forward, Yamamoto said that he intends to utilize the company’s globally constructed Smart Tyre Concept – which incorporates production, sales, tire development and the rollout of related services – to...
Commenting recently on the progress of his company’s Vision 2020 long-term plan, Sumitomo Rubber Industries Ltd. (TYO:5110) CEO Satoru Yamamoto noted that a number of factors that have changed since this vision was first put together. And with the changes here including raw material costs, slowing GDP growth and other such global factors, Yamamoto said that Sumitomo Rubber is now...
Sumitomo Rubber Industries Ltd. (TYO:5110) is looking to accelerate the development of safe, eco-friendly products under its Smart Tyre Concept, pushing forward with this as part of a broader effort toward technological innovation. President Satoru Yamamoto said that Sumitomo Rubber in 2020 will look to embody Performance Sustaining Technology – one of five tenets under the Smart Tyre Concept –...
Sumitomo Rubber Industries Ltd. (TYO:5110) plans to appoint Satoru Yamamoto, currently a director and senior executive officer at the company, to the role of President and CEO, effective March 26. Current CEO and president Ikuji Ikeda will then move into the role of chairman and representative director. Yamamoto has a long history of working with domestic tire replacements. Following this,...
