Sumitomo Rubber Industries, Ltd. Provides Consolidated Earnings Guidance for the First Half and Full Year Ending December 31, 2024
February 14, 2024 at 09:30 am IST
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Sumitomo Rubber Industries, Ltd. provided consolidated earnings guidance for the first half and full year ending December 31, 2024. For the first half, the company expects sales revenue to be JPY 575,000 million, operating profit to be JPY 30,000 million, profit attributable to owners of parent to be JPY 23,500 million or basic profit per share to be JPY 89.35.
For the year, the company expects sales revenue to be JPY 1,200,000 million, operating profit to be JPY 61,000 million, profit attributable to owners of parent to be JPY 37,000 million or basic profit per share to be JPY 140.67.
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, encompassing 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 Product and Others segment offers vibration suppression dampers, printing blankets, medical precision rubber, slope for wheelchair, and fenders, among others.