Sumitomo Rubber recently announced that it has invested into TripodWorks, an IoT solutions company. This comes as the tire manufacturer looks to bring about a business that employs Sensing Core, a proprietary sensing technology based on Sumitomo Rubber’s existing technology for analyzing the speed at which a vehicle’s wheels are moving. Specifically, the aim of the investment is to leverage...
Sumitomo Rubber has started supplying its Falken Ziex ZE310A Ecorun tire as OE for the new-model Nissan X-Trail, which launched this July. In designing the new X-Trail, Nissan has taken the “tough gear” concept from the car’s first generation and combined it with a renewed emphasis on high quality. The new model employs the automaker’s second-gen e-Power system fitted with...
This article follows part 1 in a series of 2 on Sumitomo Rubber’s first half financial results (January-June of the fiscal year ending December 31, 2022). Looking at Sumitomo Rubber’s performance by segment, the tire business posted sales revenue of 430.85 billion yen ($3.13 billion), up 16.7 percent year-on-year, and operating profit of 7.66 billion yen, down 67.4 percent. Japanese...
Sumitomo Rubber has posted revenues of 512.11 billion yen ($3.71 billion) for the first half (January-June) of the fiscal year ending December 31, 2022, up 16.4 percent year-on-year. Business profit was 14.18 billion yen, down 52.9 percent; and overall profit was 17.19 billion yen, down 16.2 percent. In a highly uncertain economic environment, including the coronavirus pandemic, the situation in...
Sumitomo Rubber has begun deliveries of Falken Azenis FK510 SUV tires for use on the new Toyota Yaris Cross GR Sport, which began selling in August. The tire size is 215/50R18 92V. The Azenis FK510 SUV achieves high wet performance and a high level of handling stability, and is featured in the Yaris Cross GR Sport vehicle catalog as a...
This article follows part 1 in a series of 2 on second quarter financial results (January-June of the fiscal year ending December 31, 2022) of the four large Japanese tire manufacturers. Sales increased by double digits year-on-year for all four companies. With its strong demand and weak yen exchange rate, the U.S. market was one of the factors that contributed...
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