Sumitomo Rubber Industries, Ltd. Provides Consolidated Earnings Guidance for the First Half of 2023 and Full Year Ending December 31, 2023
February 13, 2023 at 11:00 pm EST
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Sumitomo Rubber Industries, Ltd. provided consolidated earnings guidance for the first half of 2023 and full year ending December 31, 2023. For the first half, the company expects sales revenue to be JPY 570,000 million, operating profit to be JPY 5,000 million, profit attributable to owners of parent to be JPY 1,000 million or basic profit per share to be JPY 3.80.
For the year, the company expects sales revenue to be JPY 1,200,000 million, operating profit to be JPY 30,000 million, profit attributable to owners of parent to be JPY 18,000 million or basic profit per share to be JPY 68.44.
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. 
