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...
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...
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...
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...
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...
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...
