Consumer Durables

Sumitomo Rubber Industries, Ltd.

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See more articles on 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 & 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. The Industrial & Other Products segment deals with the manufacture and sale of high performance rubber, lifestyle, infrastructure, and industrial products. It also covers licensing business and manages golf tournaments, tennis schools and offers golf courses. The company was founded in 1909 and is headquartered in Kobe, Japan.

Financial Highlights

Dec 2021	JPY	USD
Revenue	936,039M	8,519.26M
Gross Profit	259,698M	2,363.61M
Operating income	51,975M	473.04M
Income before tax	44,677M	406.62M
Net income	29,470M	268.21M
EBITDA	119,699M	1,089.42M
Diluted EPS	112.05	1.01
Dividends Per Share	55	0.50
Total Assets	1,086.16B	9,432.23M
Total liabilities	572,626M	4,972.65M
Total equity	501,540M	4,355.34M
Operating cash flow	63,090M	574.20M
	Currency in JPY	Currency in USD

Historical Data

JPY | USD

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 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 2017	Dec 2018	Dec 2019	Dec 2020	Dec 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
PER	10.45
ROA	2.85%
ROE	6.16%
Operating margin	5.55%
Profit margin	3.14%

Key executives

President & Representative Director: Satoru Yamamoto
Director, Managing Executive Officer, GM-R&D: Kiyoshige Muraoka
Representative Director & Vice President: Kazuo Kinameri
Executive Officer: Toshihiko Komatsu
Director & Senior Managing Executive Officer: Hidekazu Nishiguchi

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. (2.2%)
BlackRock Fund Advisors (2.0%)
Sumitomo Mitsui Financial Group, Inc. (1.9%)
Sumitomo Corp. (1.8%)
The Vanguard Group, Inc. (1.7%)
T. Rowe Price Associates, Inc. (Investment Management) (1.4%)
Nikko Asset Management Co., Ltd. (1.0%)

Contact Details

Website:http://www.srigroup.co.jp
Address: 3-6-9 Wakinohama-cho, Chuo-Ku, Kobe, 651-0072, Japan
Phone: +81.78.265.3000

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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 12 Aug, 2022