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Consumer Durables

Sumitomo Rubber Industries, Ltd.

Business Summary

Sumitomo Rubber Industries, Ltd. engages in the manufacture and sale of automotive tires, aluminum wheels, and industrial rubber products. It operates through the following segments: Tires, Sports, and Industrial and Other Products. The Tires segment handles the manufacture and sale of tires and tubes for various vehicles and applications. The Sports segment manages the manufacture and sale of golf and tennis equipment and other related sporting equipment. It also covers licensing business and manages golf tournaments, golf and tennis schools and golf courses. The Industrial and Other Products segment deals with the manufacture and sale of high performance rubber, lifestyle, infrastructure, and industrial products. The company was founded in 1909 and is headquartered in Kobe, Japan.

Financial Highlights

Dec 2021 JPYUSD
Revenue936,039M8,519.26M
Gross Profit259,698M2,363.61M
Operating income51,975M473.04M
Income before tax44,677M406.62M
Net income29,470M268.21M
EBITDA119,699M1,089.42M
Diluted EPS112.051.01
Dividends Per Share550.50
Total Assets1,086.16B9,432.23M
Total liabilities572,626M4,972.65M
Total equity501,540M4,355.34M
Operating cash flow63,090M574.20M
Currency in JPYCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 877,866M 894,243M 893,310M 790,817M 936,039M
Gross Profit 266,681M 261,487M 255,299M 232,179M 259,698M
Operating income 67,719M 61,856M 53,878M 43,388M 51,975M
Income before tax 65,733M 50,349M 27,295M 29,703M 44,677M
Net income 46,979M 36,246M 12,072M 22,596M 29,470M
EBITDA 123,729M 119,221M 121,819M 111,053M 119,699M
Diluted EPS 180.45 137.81 45.90 85.91 112.05
Dividends Per Share 55 55 55 35 55
Total Assets 1,018.26B 1,002.38B 1,035.48B 974,805M 1,086.16B
Total liabilities 527,380M 529,576M 559,947M 507,708M 572,626M
Total equity 459,907M 457,927M 460,800M 454,743M 501,540M
Operating cash flow 76,109M 82,820M 91,458M 123,504M 63,090M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 7,828.74M 8,096.88M 8,194.69M 7,406.83M 8,519.26M
Gross Profit 2,378.24M 2,367.62M 2,341.96M 2,174.60M 2,363.61M
Operating income 603.91M 560.07M 494.24M 406.37M 473.04M
Income before tax 586.20M 455.88M 250.38M 278.19M 406.62M
Net income 418.95M 328.18M 110.74M 211.63M 268.21M
EBITDA 1,103.40M 1,079.48M 1,117.49M 1,040.12M 1,089.42M
Diluted EPS 1.60 1.24 0.42 0.80 1.01
Dividends Per Share 0.49 0.49 0.50 0.32 0.50
Total Assets 9,039.20M 9,136.24M 9,528.26M 9,441.66M 9,432.23M
Total liabilities 4,681.58M 4,826.83M 5,152.49M 4,917.50M 4,972.65M
Total equity 4,082.61M 4,173.78M 4,240.16M 4,404.50M 4,355.34M
Operating cash flow 678.73M 749.89M 838.98M 1,156.74M 574.20M

Valuation Measures

Dec 2021
PER10.45
ROA2.85%
ROE6.16%
Operating margin5.55%
Profit margin3.14%

Key executives

  • President & Representative Director: Satoru Yamamoto
  • Representative Director & Vice President: Kazuo Kinameri
  • Representative Director & Vice President: Minoru Nishi
  • Executive Officer: Toshihiko Komatsu
  • Executive Officer & GM-Tire Overseas Sales: Naofumi Yanetani

Shareholders

  • Sumitomo Electric Industries Ltd. (28.8%)
  • Silchester International Investors LLP (9.2%)
  • National Mutual Insurance Fed. of Agricultural Cooperatives (2.7%)
  • Nomura Asset Management Co., Ltd. (2.3%)
  • BlackRock Fund Advisors (2.0%)
  • Sumitomo Mitsui Financial Group, Inc. (1.9%)
  • Sumitomo Corp. (1.8%)
  • The Vanguard Group, Inc. (1.6%)
  • T. Rowe Price Associates, Inc. (Investment Management) (1.4%)
  • Nikko Asset Management Co., Ltd. (1.0%)

Contact Details

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  • DUNLOP TYRE HOKKAIDO Co., Ltd.
  • Lonstroff Medical Elastomer doo
  • Dunlop International 1902 Ltd.
  • Sumitomo Rubber Australia Pty Ltd.
  • Sumitomo Rubber Europe GmbH
  • Sports Surface Co. Ltd.
  • Dunlop International Co. Ltd.
  • Sumirubber Thai Eastern Corp. Co. Ltd.
  • Falken Tire Europe GmbH
  • Sumitomo Rubber Latin America Ltda.
  • Sumitomo Rubber AKO Lastik Sanayi ve Ticaret SA
  • Sumirubber Vietnam Ltd.
  • Sumitomo Rubber Do Brasil Ltda.
  • Hong Kong Sumirubber Ltd.
  • Zhongshan Sumirubber Precision Rubber Ltd.
  • Sumitomo Rubber Middle East FZE
  • Dunlop Tire CIS LLC
  • Sumitomo Rubber (Thailand) Co., Ltd.
  • Srixon Sports Manufacturing (Thailand) Co., Ltd.
  • Dunlop Sports Marketing KK
  • Dunlop Tire Tohoku KK
  • Sumitomo Rubber South Africa (Pty) Ltd.
  • Falken Tyre Europe GmbH
  • Dunlop Sports Co.Ltd.
  • Sumitomo Rubber (China) Co., Ltd.
  • Sumitomo Rubber (Hunan) Co., Ltd.
  • Sumitomo Rubber Industries Trust
  • SRITP Ltd.
  • PT Sumi Rubber Indonesia

Competitors

  • Goodyear Tire & Rubber Company
  • Fusheng Precision Co. Ltd.
  • Callaway Golf Company
  • Qingdao Sentury Tire Co., Ltd. Class A
  • Acushnet Holdings Corp.
  • Dynamic Design Co., LTD.
Last Updated on 23 May, 2022

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