Sumitomo Rubber Lifts First-Half Profit and Raises 2026 Outlook, Dividend

Sumitomo Rubber Industries reported an 8.3% rise in sales revenue to ¥619.8 billion for the six months ended June 30, 2026, with business profit jumping 40.6% and profit attributable to owners of the parent soaring 79.9%. Profitability improved notably, as the business profit margin increased to 6.4%, total equity rose, and cash and cash equivalents strengthened, supporting a higher interim dividend and an upgraded full-year earnings outlook for 2026.

The company plans an annual dividend of ¥84 per share for fiscal 2026, up from ¥77 in 2025, reflecting confidence in sustained earnings growth. It also revised its full-year forecast, targeting a 10.2% increase in sales revenue to ¥1.33 trillion and a 9.2% rise in profit attributable to owners to ¥55 billion, signaling stronger financial resilience and potentially improved returns for shareholders and other stakeholders…

Source: The Globe and Mail