Sumitomo Rubber Industries 3Q Financial Report (January 1- September 30, 2022)

Sumitomo sales revenue increased 18.9% from the same period of the previous fiscal year to ¥781,512 million, business profit decreased 61.4% to ¥12,374 million, operating profit decreased 67.1% to ¥9,836 million and profit attributable to owners of parent decreased 30.7% to ¥14,372 million. …

Tire Business

Sales revenue in the tire business increased 19.8% from the same period of the previous fiscal year to ¥661,292 million, and business profit decreased 85.4% to ¥3,406 million. In the domestic original equipment market, the fallout from ongoing production cuts at auto manufacturers, which mainly stemmed from the global shortage of semiconductors, led to sluggish sales. Although signs of slight recovery were seen, …

Source: Sumitomo