Changes in Scope of Consolidation, Affiliated Companies
Financial Results Summary
2023 Annual Financial Results Forecast
Financial Results Forecast Summary
Capex, Depreciation, Tire Production Capacity etc.
Shareholder Returns
2
Changes in Scope of Consolidation
Consolidated Subsidiaries
98
Equity-method Affiliates
3
(vs 2022 year-end : (1) )
(vs 2022 year-end : - )
Newly Included -
Excluded
(1)
Newly Included -
Excluded
-
Tires
Chengdu D Guard Automotive Service Co., LTd. (China/Sales)
Sports
Industrial & Other
3
Affiliated Companies
Manufacturing Companies
Sales Companies
Other Companies
Tires
Domestic
1
Domestic
11
Domestic
7
Overseas
8
Overseas
31
Overseas
6
Asia Pacific
4
Asia Pacific
10
Asia Pacific
2
Europe and Africa
2
Europe and Africa
18
Europe and Africa
2
Americas
2
Americas
3
Americas
2
Sports
Domestic
1
Domestic
1
Domestic
3
Overseas
3
Overseas
12
Overseas
7
Thailand, U.S., Philippines
Malaysia, U.K., Canada,
Australia, China, Hong Kong,
South Africa, South Korea,
Thailand, France, Germany
U.K.
Industrial & Other
Domestic
1
Domestic
3
Domestic
-
Overseas
5
Overseas
1
Overseas
-
Malaysia, China, Vietnam,
Hong Kong
-
Total 101
Switzerland, Slovenia
Domestic 28
Overseas 73
4
Highlights
2023 1st Quarter Highlights
The economic environment continued to raise concerns over economic growth, due to the high levels of inflation, drastic interest rate hikes and the situation in Ukraine.
While also economy expected to recover as the effects of COVID-19 subside, rising uncertainty, including trends in foreign exchange and prices.
The impact of soaring energy costs and a decline in automotive production volume due to the shortage of semiconductors were still observed.
There has been a lull in the impact of soaring freight costs and raw material prices.
Domestic REP. Market: Slight YoY decrease in sales due to delayed snowfall due to decrease in winter tire sales
Domestic O.E. Market: YoY increase in sales in spite of ongoing decline in production cuts at auto
Tiresmanufacturers
Overseas REP. Market: Decrease in YoY sales due to discontinuation of unprofitable tires despite strong sales of flagship products
Overseas O.E. Market: Overall sales on par with previous year with stagnant sales to Japanese OEM in China
Sports
Golf Business: YoY increase in revenue thanks to strong sales in key markets of North America &
South Korea
Sports Business: Record-high sales revenue & business profit
Industrial
& Other Industrial & Other Business: YoY increase in revenue due to increase of rubber parts for medical applications & Infrastructure Products
5
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Disclaimer
SRI - Sumitomo Rubber Industries Ltd. published this content on 12 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 May 2023 07:37:04 UTC.
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.
SUMITOMO RUBBER INDUSTRIES, LTD. 
