Sumitomo Rubber Industries Ltd. (TYO:5110) President Satoru Yamamoto has revealed a new medium-term management plan set to run through to fiscal 2025. The plan’s goals for that final year are to achieve 1 trillion yen ($9.1 billion) in sales revenue, 100 billion yen in business profit, a return on equity of at least 10 percent and a debt-to-equity ratio of...
Sumitomo Rubber Industries Ltd. (TYO:5110) has made a revision to its earnings forecast for calendar 2019, driven in large part by the company factoring in expenses of 18.2 billion yen ($165.74 million) in impairment losses. These impairment losses relate both to fixed assets as well as to goodwill, which represents the discrepancy between fair market value and purchase price in...
The novel coronavirus outbreak in Wuhan, Hubei Province, China, is having a major impact on society. This is especially true in China itself, though there is also the possibility that the virus will spread further overseas going forward. Looking then to get a better idea of how all this will impact business, Japan Rubber Weekly collected information from a number...
Sumitomo Rubber Industries Ltd. (TYO:5110) has launched a series of new Dunlop-branded go-kart tires with approval from the CIK-FIA, an international organization for kart racing. Offering new specs, the series launched on Jan. 9 and is available in six sizes. For dry surfaces, the series is available with one of two rubber compounds. These are DG M, which offers both...
Sumitomo Rubber Industries Ltd. (TYO:5110) recently announced that it has established a natural rubber procurement subsidiary in Singapore in an effort to secure a stable supply of high-quality natural rubber. Named Sumitomo Rubber Singapore Pte. Ltd., this new company is set to begin operations in April. Sumitomo Rubber has so far procured natural rubber through a specialized division of Singaporean...
Sumitomo Rubber Industries Ltd. (TYO:5110) President and CEO Satoru Yamamoto recently laid out a set of three initiatives for his company to pursue heading into 2020, positioning these as a first step to bringing about the ideal organization. The first of these initiatives is for Sumitomo Rubber to establish a strong profit foundation, which will help the company to achieve...
