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
97
Equity-method Affiliates
3
(vs 2022 year-end : (2) )
(vs 2022 year-end : - )
Newly Included -
Excluded
(2)
Newly Included -
Excluded
-
Tires
Chengdu D Guard Automotive Service Co., LTd. (China/Sales)
Sports
Industrial & Other
Sumigomu Takasago Integrate, Ltd. (Japan/Sales)
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
2
Domestic
-
Overseas
5
Overseas
1
Overseas
-
Malaysia, China, Vietnam,
Hong Kong
-
Total 100
Switzerland, Slovenia
Domestic 27
Overseas 73
4
Highlights
2023 2nd Quarter Highlights
The economic environment continued to decelerate gradually due to the high levels of inflation and the situation in Ukraine.
The Japanese economy witnessed rising uncertainty, including trends in foreign exchange and prices, though expectation of continuing recovery pushed by rising wages.
The impact of soaring energy costs and a decline in automotive production volume due to the shortage of semiconductors were still observed.
There was a significant reduction in freight costs that soared in the same period of the previous fiscal year and a lull in the soaring raw material prices.
Domestic REP. Market: YoY increase in sales due to strong sales of winter tires and summer tires sales maintained the same level with previous year
Domestic O.E. Market: YoY increase in sales in spite of ongoing decline in production cuts at auto
Tiresmanufacturers
Overseas REP. Market: YoY decrease in sales due to discontinuation of unprofitable tires despite strong sales of flagship products
Overseas O.E. Market: YoY increase in overall sales with stagnant sales to Japanese OEM in China
Sports
Golf Business: YoY increase in revenue thanks to maintaining strong sales in key markets of North
America & South Korea
New products launched in the 1st quarter and existing products as well as maintain strong
performance
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 04 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 August 2023 07:50:07 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. 
