Sumitomo Rubber Industries, Ltd. Provides Earnings Guidance for the First Half and Full Year of the Fiscal Year Ending December 31, 2022
May 13, 2022 at 03:30 am EDT
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Sumitomo Rubber Industries, Ltd. provided earnings guidance for the first half and full year of the fiscal year ending December 31, 2022. For the first half, the company expected sales revenue of JPY 530,000 million, Business profit of JPY 15,000 million, operating profit of JPY 14,000 million, profit attributable to owners of parent of JPY 13,000 million or basic profit per share JPY 49.43.
For the year, the company expected sales revenue of JPY 1,140,000 million, Business profit of JPY 42,000 million, operating profit of JPY 39,500 million, profit attributable to owners of parent of JPY 29,000 million or basic profit per share JPY 110.27.
Sumitomo Rubber Industries, Ltd. is a Japan-based tire manufacturer. The Company operates in three business segments. The Tire segment manufactures and sells tires and tubes for automobiles, construction vehicles, industrial vehicles, race rallies and motorcycles. The Sports segment is engaged in the manufacture and sale of sports items, including golf clubs, golf balls and other golf-related supplies, and tennis-related supplies, as well as the operation of golf tournaments, golf and tennis schools and fitness center. The Industrial Products and Others segment offers vibration suppression dampers, printing blankets, medical precision rubber, slope for wheelchair, and fenders, among others.