sumitomo rubber

JRW Study: Japan’s Top 100 Rubber Firms See Rising Sales, Falling Profits for 2017

More than three-quarters of Japan’s top 100 rubber companies saw their sales rise year-on-year in fiscal 2017, an independent study by Japan Rubber Weekly has found. According to the results of this study, 79 of Japan’s top 100 firms operating in the industry reported year-on-year increases to sales, up from 48 in fiscal 2016. Double-digit sales growth was posted by...

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Sumitomo Rubber Downwardly Revises Results Forecast for 2018

Sumitomo Rubber Industries Ltd. (TYO:5110) has announced a downward revision to its forecast of business results for calendar 2018. Compared to the company’s initial forecast, the revision sees sales lowered by 1.1 percent, business profit by 6.8 percent and net profit by 10.4 percent. The main factor behind the revision is Sumitomo Rubber’s tire business, for which both sales and...

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Sumitomo Rubber Launches South African Production for Truck and Bus Tires

Sumitomo Rubber Industries Ltd. (TYO:5110) announced on Aug. 7 that it has established production facilities for truck and bus tires at its South Africa Factory, beginning production for this on July 19. Having invested approximately 970 million rand ($64.73 million) into the facilities, the company expects that production capacity will get up to 750 truck and bus tires per day...

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Sumitomo Rubber to Launch New Studless Winter Tires Under Falken Brand

Sumitomo Rubber Industries Ltd. (TYO:5110) is set to begin rolling out Espia W-Ace, a new series of studless winter tires for passenger cars, under the Falken brand starting from Aug. 1. Aside from excellent performance on ice and snow surfaces, the Espia W-Ace offers high-level performance in wet conditions and safe handling at high speeds. The series will launch with...

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Sumitomo Rubber’s Vibration Control Damper Chosen for Seismic Retrofitting of Kumamoto Castle

Sumitomo Rubber Industries Ltd. (TYO:5110) has announced that its vibration control damper will be used by Obayashi Corp. (TYO:1802) for the seismic retrofitting of Kumamoto Castle’s keep. The viscoelastic damper absorbs tremors by instantly converting seismic energy to heat, and uses high-damping rubber developed based on the advanced technology Sumitomo Rubber has accumulated for racing tires. The rubber has also...

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Sumitomo Rubber Answers Shareholder Questions on Business Performance and Plans

Sumitomo Rubber Industries Ltd. (TYO:5110) held a general shareholders meeting on March 29, with the company fielding questions from shareholders on three main topics: sales strategy in regions where the Dunlop brand is struggling, the impact of the recent strong yen, and responses to the trend toward electric vehicles (EVs). A Sumitomo Rubber representative noted that in Europe, the U.S.,...

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