Sumitomo Rubber : Response to Certain Media Reports Concerning Sumitomo Rubber Industries
June 01, 2015 at 12:37 am EDT
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On June 1, 2015, certain media outlets reported on the supposed dissolution of the Global Alliance between Sumitomo Rubber Industries (hereinafter, SRI) and The Goodyear Tire & Rubber Company (hereinafter, Goodyear). These reports are not based on any announcement that has been made by SRI or Goodyear and are therefore purely speculative in nature.
While it is true that SRI and Goodyear are currently engaged in discussions concerning the possible dissolution of our alliance agreement and our joint ventures, no specific decisions have been made to such effect at this point in time. SRI will promptly announce any such decisions when and if they are made.
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, including 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 Products and Others segment offers vibration suppression dampers, printing blankets, medical precision rubber, slope for wheelchair, and fenders, among others.
SUMITOMO RUBBER INDUSTRIES, LTD. 
