sumitomo rubber

Sumitomo Rubber Anticipates 16% Drop in Sales Revenue for 2020

Sumitomo Rubber Industries Ltd. (TYO:5110) has disclosed its business results estimates for the first half along with its forecast for the full business year through December. The forecast through end of June anticipates first-half sales revenue of 340 billion yen ($3.22 billion), down 20.8 percent from the first half of the previous year; business losses of 2.5 billion yen compared...

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Sumitomo Rubber Aims for All-Season Tire Growth With Summer Tire Strategy

Having boosted its market presence in recent years with its all-season tire options, Sumitomo Rubber Industries Ltd. (TYO:5110) sees ample potential for continuation of recent annual increases in the percentage of vehicles running on such tires. As part of this product growth strategy, Sumitomo Rubber launched sales last October of the All Season Maxx AS1. Sales have been on the...

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Sumitomo Rubber Looks to More Than Double Production of Thin Nitrile Gloves

Sumitomo Rubber Industries Ltd. (TYO:5110) is planning to increase its production capacity for nitrile gloves, which are used by medical institutions, food manufacturers and more. Demand for these gloves is on the rise amid the novel coronavirus, and current production is unable to keep up with demand. Responding then to a request from the government, Sumitomo Rubber intends to deal...

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Sumitomo Rubber to Launch New Studless Winter Tire With Superior Ice Performance

Sumitomo Rubber Industries Ltd. (TYO:5110) plans to begin rolling out sales on Aug. 1 for the Winter Maxx 03, a studless winter tire with new rubber texturing technology that gives it the best ice performance of any Sumitomo Rubber tire. It will be available in a total of 98 sizes. Characterized by nanoscale bumps and hollows, the new nano-texturing technology...

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Sumitomo Rubber Sees Decline in Business Profit for First Quarter

Sumitomo Rubber Industries Ltd. (TYO:5110) has released its business results for the January–March quarter of calendar 2020 in accordance with International Financial Reporting Standards (IFRS). The company reported sales revenue of 190.79 billion yen ($1.77 billion) for a year-on-year decrease of 9.7 percent, while business profit decreased 54.7 percent to 2.57 billion yen. Tire operations recorded sales revenue of 163.19...

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Nissan Equips Newly Launched Roox With Sumitomo Rubber’s Dunlop Evasive EC300+ Tires

Sumitomo Rubber Industries Ltd. (TYO:5110) recently announced that it has started supplying the Dunlop Enasave EC300+ as an OE tire for Nissan Motor Co. Ltd.’s (TYO:7201) new Nissan Roox, which launched on March 19. The new Nissan Roox is a “super-height” kei-class wagon that has excellent drivability with class-leading interior space and is equipped with omnidirectional advanced safety technologies. In...

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