sumitomo rubber

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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Sumitomo Rubber Answers Question on Coronavirus Countermeasures at General Meeting of Shareholders

Sumitomo Rubber Industries Ltd. (TYO:5110) held its latest general meeting of shareholders at 10:00 a.m. Thursday, March 26, hosting this at its headquarters in Kobe, Hyogo Prefecture. A total of 190 shareholders attended the event, which lasted for 54 minutes. One of the shareholders asked what Sumitomo Rubber is doing for novel coronavirus countermeasures – such as cost-cutting or reconsidering...

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Sumitomo Rubber Develops New Natural Rubber Grade With Reduced Odor

Having identified factors behind the unpleasant odors of natural rubber, Sumitomo Rubber Industries Ltd. (TYO:5110) has developed what it calls Reduced Odor Natural Rubber, a product that cuts down on this issue in a major way. To create this new product grade, Sumitomo Rubber has introduced a proprietary method for the processing of raw materials at Sumirubber Thai Eastern Corporation...

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Japan’s Major Tire Manufacturers Halt Employee Initiation Ceremonies Amid Coronavirus Concerns

Responding to the continued spread of the novel coronavirus, major tire manufacturers in Japan have decided to call off or postpone initiation ceremonies for new employees. Bridgestone Corp. (TYO:5108) is among this list, having decided to postpone its ceremonial activities. Meanwhile, Sumitomo Rubber Industries Ltd. (TYO:5110) has decided that rather than hold its usual activities for new employees, it will...

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Coronavirus Looks Set to Impact European Operations of Japanese Rubber Companies

The outbreak of the novel coronavirus has now spread to the point where it is impacting Japanese rubber companies with operations in Europe. Bridgestone Corp. (TYO:5108) has halted operations at two of its European plants as of 3:00 p.m. Thursday, March 19, Japan Standard Time. The decision includes a truck and bus tire plant in Bilbao, Spain, as well as...

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