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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 2020 JPYUSD
Revenue790,817M7,406.83M
Gross Profit232,179M2,174.60M
Operating income43,388M406.37M
Income before tax29,771M278.83M
Net income22,596M211.63M
EBITDA111,053M1,040.12M
Diluted EPS85.910.80
Dividends Per Share350.32
Total Assets974,805M9,441.66M
Total liabilities507,708M4,917.50M
Total equity454,743M4,404.50M
Operating cash flow123,504M1,156.74M
Currency in JPYCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 756,696M 877,866M 894,243M 893,310M 790,817M
Gross Profit 257,046M 266,681M 261,487M 255,299M 232,179M
Operating income 74,916M 67,719M 61,856M 53,878M 43,388M
Income before tax 70,036M 65,733M 50,349M 27,295M 29,771M
Net income 41,364M 46,979M 36,246M 12,072M 22,596M
EBITDA 126,164M 123,729M 119,221M 121,819M 111,053M
Diluted EPS 157.69 180.45 137.81 45.90 85.91
Dividends Per Share 55 55 55 55 35
Total Assets 897,634M 1,018.26B 1,002.38B 1,035.48B 974,805M
Total liabilities 438,093M 527,380M 529,576M 559,947M 507,708M
Total equity 429,316M 459,907M 457,927M 460,800M 454,743M
Operating cash flow 128,190M 76,109M 82,820M 91,458M 123,504M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 6,963.95M 7,828.74M 8,096.88M 8,194.69M 7,406.83M
Gross Profit 2,365.62M 2,378.24M 2,367.62M 2,341.96M 2,174.60M
Operating income 689.46M 603.91M 560.07M 494.24M 406.37M
Income before tax 644.54M 586.20M 455.88M 250.38M 278.83M
Net income 380.67M 418.95M 328.18M 110.74M 211.63M
EBITDA 1,161.10M 1,103.40M 1,079.48M 1,117.49M 1,040.12M
Diluted EPS 1.45 1.60 1.24 0.42 0.80
Dividends Per Share 0.50 0.49 0.49 0.50 0.32
Total Assets 7,696.09M 9,039.20M 9,136.24M 9,528.26M 9,441.66M
Total liabilities 3,756.10M 4,681.58M 4,826.83M 5,152.49M 4,917.50M
Total equity 3,680.85M 4,082.61M 4,173.78M 4,240.16M 4,404.50M
Operating cash flow 1,179.74M 678.73M 749.89M 838.98M 1,156.74M

Valuation Measures

Dec 2020
PER10.32
ROA2.24%
ROE4.93%
Operating margin5.48%
Profit margin2.85%

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%)
  • National Mutual Insurance Fed. of Agricultural Cooperatives (2.7%)
  • BlackRock Fund Advisors (2.6%)
  • Nomura Asset Management Co., Ltd. (2.2%)
  • 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. (1.1%)
  • Daiwa Asset Management Co. Ltd. (1.0%)

Contact Details

Related Companies

  • 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
  • Srixon Sports Asia Sdn. Bhd.

Competitors

  • Goodyear Tire & Rubber Company
  • Fusheng Precision Co. Ltd.
  • Honma Golf Ltd.
  • Acushnet Holdings Corp.
  • Callaway Golf Company
Last Updated on 6 May, 2021

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