Sumitomo Rubber Industries, Ltd. announced consolidated earnings results for the nine months ended Sept. 30, 2017. For the nine months, the company announced sales revenue of JPY 618,311 million against JPY 534,441 million a year ago. Operating profit was JPY 30,039 million against JPY 41,652 million a year ago. Profit before taxes was JPY 29,279 million against JPY 38,103 million a year ago. Profit attributable to owners of parent company was JPY 16,985 million or JPY 64.81 per basic share against JPY 27,439 million or JPY 104.60 per basic share a year ago. Net cash provided by operating activities was JPY 29,475 million against JPY 76,547 million a year ago. Purchase of property, plant and equipment was JPY 45,338 million compared to JPY 35,880 million for the same period a year ago. Purchases of intangible assets was JPY 2,854 million compared to JPY 3,619 million for the same period a year ago. Business profit was JPY 30,272 million compared to JPY 42,165 million for the same period a year ago.

The company provided consolidated earnings guidance for the full year ending December 31, 2017. For the full year, the company expects to report net sales of JPY 860,000 million, business profit of JPY 63,000 million, operating profit of JPY 63,000 million and profit attributable to owners of parent of JPY 41,000 million or JPY 157.35 per basic share.