Sumitomo Rubber Industries, Ltd. Revises Consolidated Earnings Guidance for the First Half and Full Year of Fiscal Year Ending December 31, 2021
May 12, 2021 at 03:30 am EDT
Share
Sumitomo Rubber Industries, Ltd. revised consolidated earnings guidance for the first half and full year of fiscal year ending December 31, 2021. For the first half, the company expects sales revenue to be JPY 430,000 million against previous forecast of JPY 400,000 million. Operating profit to be JPY 20,000 million against previous forecast of JPY 11,000 million. Profit attributable to owners of parent to be JPY 15,000 million against previous forecast of JPY 7,000 million. Basic profit per share to be JPY 57.03.
For the full year, the company expects sales revenue to be JPY 910,000 million against previous forecast of JPY 870,000 million. Operating profit to be JPY 47,000 million against previous forecast of JPY 43,000 million. Profit attributable to owners of parent to be JPY 33,000 million against previous forecast of JPY 29,000 million. Basic profit per share to be JPY 125.48.
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.
SUMITOMO RUBBER INDUSTRIES, LTD. 
