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...
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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...
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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...
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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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Japan’s four major tire manufacturers have now all posted their financial results for January–June 2022. The four companies – Bridgestone, Yokohama Rubber, Sumitomo Rubber, and Toyo Tires – each achieved double-digit increases to their sales revenue when compared to the first half of the previous year, on top of which the first two of these companies managed a year-on-year increase...
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Sumitomo Rubber will release from July 22 Dunlop Sportmax Q-Lite all-round high-grip bias tires for two-wheelers. The tires will be suitable for a wide range of applications from circuits to streets and be available in seven sizes. This product is a bias tire that combines grip performance for sports driving with life performance for street use by optimally combining a...
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