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4-Traders Homepage  >  Equities  >  Tokyo  >  Sumitomo Rubber Industries Ltd    5110   JP3404200002

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Sumitomo Rubber Industries : SEAT Ibiza Focuses On Driving Dynamics And Quality With FALKEN Tires As OEM

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07/10/2017 | 03:42pm CET

Release date- 07072017 - RANCHO CUCAMONGA, CA - Sumitomo Rubber Industries, Ltd. (CEO: Ikuji Ikeda)is pleased to announce that Spanish auto manufacturer SEAT has again chosen FALKEN as its OEM tire supplier for the fifth generation of its best-selling SEAT Ibiza.

Launched in June 2017, the new SEAT Ibiza raises the bar with respect to design, special features, connectivity and safety, while retaining its signature sporty, comfortable style. The new line continues to offer superb driving dynamics and quality, impressive stability and extreme reliability on the road. The FALKEN Tires fitted as standard further enhance the benefits of the compact car throughout its four lines.

The new SEAT Ibiza is supplied with FALKEN AZENIS FK453, a top-end model from FALKEN's Ultra High Performance tire portfolio, as the standard ex works tire for 17' rim size. For 16' rims, the engineers at SEAT -a member of the Volkswagen Group -chose the FALKEN ZIEX 914A, a tire noted for its sportiness, comfort and economy. 14' and 15' wheels are fitted with the FALKEN SINCERA SN832A as standard; this tire was developed using advanced 4D Nano Design technology and combines outstanding economy with driving safety in all road conditions.

Christian Stolting, Key Account Manager at Falken Tyre Europe GmbH, is delighted at SEAT's decision: 'When a successful automotive manufacturer of SEAT's calibre chooses our tires, this demonstrates convincing proof of the quality of our products.'

(c) 2017 Electronic News Publishing -, source ENP Newswire

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Financials ( JPY)
Sales 2017 861 B
EBIT 2017 -
Net income 2017 42 645 M
Debt 2017 153 B
Yield 2017 2,74%
P/E ratio 2017 12,38
P/E ratio 2018 10,42
EV / Sales 2017 0,79x
EV / Sales 2018 0,74x
Capitalization 528 B
Chart SUMITOMO RUBBER INDUSTRIES
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Sumitomo Rubber Industries Technical Analysis Chart | 5110 | JP3404200002 | 4-Traders
Technical analysis trends SUMITOMO RUBBER INDUSTRIES
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TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 15
Average target price 1 950  JPY
Spread / Average Target -2,9%
EPS Revisions
Managers
NameTitle
Ikuji Ikeda President & Representative Director
Hiroaki Tanaka Representative Director & Vice President
Keizo Kosaka Independent Non-Executive Outside Director
Kenji Onga Director & Managing Executive Officer
Minoru Nishi Representative Director
Sector and Competitors
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SUMITOMO RUBBER INDUSTRIES LTD8.07%4 689
BRIDGESTONE CORP20.29%36 758
MICHELIN14.10%25 552
GOODYEAR TIRE & RUBBER CO2.92%7 749
NOKIAN RENKAAT OYJ1.72%5 824
YOKOHAMA RUBBER CO LTD23.55%3 893