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February 13, 2014

More on the possible Goodyear-Sumitomo split

A look at the most recent Goodyear Tire & Rubber Co. 10-K tells you more about the attempt by the company to end its alliance with Sumitomo Rubber Industries Ltd. than was known before.

Tags: Goodyear financials, Laura Thompson, Sumitomo financials

February 14, 2012

Profit in yen rises 32% for Sumitomo Rubber

Sumitomo Rubber Industries Ltd. recorded net income of 28.4 billion yen on net sales of 676.9 billion yen for its fiscal year ended Dec. 31, 2011. That compares to income of 21.4 billion yen on sales of 604.5 billion yen for the same period last year.

Tags: Sumitomo financials

November 9, 2011

Net sales rise, income falls for Sumitomo

Sumitomo Rubber Industries Ltd. recorded net income of 13.7 billion yen on net sales of 467.6 billion yen for the first three quarters of its fiscal year ended Sept. 30, 2011. That compares to income of 14 billion yen on sales of 424.5 billion yen for the same period last year.

Tags: Sumitomo financials

August 11, 2011

Sumitomo posts 1H profit of $110 million

Sumitomo Rubber Industries Ltd. recorded net income of 8.9 billion yen on net sales of nearly 300 billion yen for its first half ended June 30, 2011. That compares to income of 10.4 billion yen on sales of 280.8 billion yen for the same period last year.

Tags: Sumitomo financials

May 20, 2011

Sumitomo posts higher sales, lower profit

Sumitomo Rubber Industries Ltd. recorded net income of 4.2 billion yen on net sales of 145.1 billion yen for its first quarter ended March 31, 2011. That compares to income of 5.8 billion yen on sales of 134.1 billion yen for the same period last year.

Tags: Sumitomo financials

February 24, 2011

For sales, it's Bridgestone; for profits, it's Michelin

Several of the fiscal year 2010 results for global tire manufacturers are in. Here is a quick recap.

Tags: Bridgestone financials, Goodyear financials, Michelin financials, Sumitomo financials

February 15, 2011

Sumitomo more than doubles income in 2010

Sumitomo Rubber Industries Ltd. recorded net income of 21.4 billion yen on net sales of 604.5 billion yen for 2010. That compares to income of 9.1 billion yen on sales of 524.5 billion yen for 2009.

Tags: North America, Sumitomo financials

December 14, 2010

Sumitomo Rubber raises prices in North America

SRI Tire Trading Ltd. will increase export prices on its Dunlop, Falken, Sumitomo and Ohtsu brand tires in January, 2011.

Tags: Europe, North America, Raw material costs, Sumitomo financials

November 9, 2010

Sumitomo changes red number to black

Sumitomo Rubber Industries Ltd. recorded net income of 14 billion yen on net sales of 424.5 billion yen for the first three quarters of fiscal 2010 ended Sept. 30. That compares to a net loss of 2 billion yen on sales of 356.6 billion yen for the same period a year ago.

Tags: Sumitomo financials

July 28, 2010

New Sumitomo plant will be built in China

Sumitomo Rubber Industries Ltd. is planning to build a new tire factory in China, according to a company spokesman. That will give the company eight tire plants in Asia.

Tags: China, Plants, Sumitomo financials

May 9, 2010

Sumitomo's 1Q results are up in all areas

Sumitomo Rubber Industries recorded net income of 5.8 billion yen on net sales of 134.1 billion yen for the first quarter ended March 31, 2010. That compares to a net loss of more than 7.5 billion yen on sales of 108.9 billion yen for the same period a year ago.

Tags: Japan, Sumitomo financials

February 17, 2010

Sumitomo increases year-to-year net profit

Sumitomo Rubber Industries Ltd. posted net income of 9.1 billion yen on net sales of 524.5 billion yen for its fiscal year ended Dec. 31, 2009. That compares to net income of 1 billion yen on sales of 605 billion yen in 2008.

Tags: Sumitomo financials

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