Sumitomo Rubber Industries, Ltd.

Company Profile

■URL

http://www.srigroup.co.jp/english/

■Address

3-6-9, Wakinohama-cho, Chuo-ku, Kobe-shi, Hyogo-ken, 651-0072, Japan

Business Overview

-The Company runs business in 3 business groups; "Tire", "Sports" and "Industrial and Other Products".

-The Company develops, manufactures and sells tires under 2 brand names: DUNLOP and FALKEN.

-As of the fiscal year that ended Dec. 2015, the "Tire Business" accounted for 86.3% of companywide sales.

-On October 1, 2015, the Company and The Goodyear Tire & Rubber Company of the U.S. dissolved the alliance agreement and joint ventures.
>>>Alliance with the Goodyear Tire and Rubber Company

Shareholders

-Listed on the First section of the Tokyo Stock Exchange. (As of Dec. 31, 2015)
Name or Company Name Investment Ratio (%)
Sumitomo Electric Industries, Ltd. 28.68
National Mutual Insurance Federation of Agricultural Cooperatives 2.99
Japan Trustee Services Bank, Ltd. (Trust Account) 2.70
The Master Trust Bank of Japan, Ltd. (Trust Account) 2.63
JP MORGAN CHASE BANK 385632 2.54
Sumitomo Mitsui Banking Corporation 1.98
Sumitomo Corp. 1.83
Japan Trustee Services Bank, Ltd. (Trust Account 9) 1.29
MELLON BANK, N.A. AS AGENT FOR ITS CLIENT MELLON OMNIBUS US PENSION 1.20
STATE STREET BANK AND TRUST COMPANY 505223 1.13
Total 46.97

Products

Tires
Tires for passenger cars, construction vehicles, agricultural vehicles, industrial vehicles, race and rally and motorcycles

Aluminum wheels

History

Mar. 1909 Dunlop's (U.K.) factory was enticed to became Japan's first modern rubber plant.
Started production of rubber bicycle tires (tube-type) and rickshaw tires solid (type).
1913 Started production of car tires, producing the first tire made in Japan.
1917 Established as a legal entity in Japan with capital of 1.18 million yen.
Feb. 1937 Renamed as Japan Dunlop Rubber Co., Ltd.
Sept. 1963 Sumitomo took over the company, and renamed it as Sumitomo Rubber Industries, Co., Ltd.
Dec.1983 Acquired all shares held by U.K. Dunlop, and became independent.
Started production of artificial lawn "Omni Court," with all weather sand.
Jan. 1985 Acquired shares of U.S. Dunlop and provided technical assistance. Acquired majority share the following year.
1990 Ceased production of spiked tires (at the end of December).
Started production of winter tires for use in trucks and buses.
Established a regional headquarters for Europe.
July, 1995 Established P.T. Sumi Rubber Indonesia, to manufacture tires and golf balls.
1997 Started production at the Sumi-Rubber Indonesia plant.
Jun. 1999 Concluded contracts for global tie-ups with The Goodyear Tire & Rubber Company (of the USA).  Joint ventures in Japan, North America, and Europe started in September of the same year.
Nov. 2000 Acquired all the new shares that Ohtsu Tire and Rubber Co. issued under an allocation of new shares to a third party. (Has 51% share in the company.)
Jul. 2002 Established Sumitomo Rubber (Changshu) Co., Ltd. in Changshu, Jiangsu Prov., China.
Feb. 2004 The Company's stock was delisted from the Nagoya Stock Exchange.
May, 2005 Established Sumitomo Rubber (Thailand) Co.,Ltd., to manufacture and sale tires.
Jan. 2010 Absorbed Dunlop Falken Tyres Ltd. and SRI Hybrid Ltd.
Sep. 2010 Established Sumitomo Rubber (Hunan) Co., Ltd. to produce and sell tires in Changsha, Hunan Province, China.
Jun. 2011 Established Sumitomo Rubber do Brasil Ltda. to manufacture and sell tires in Brazil.
Feb. 2012 Established Sumitomo Rubber AKO Lastik Sanayi ve Ticaret A.S. in Turkey.
Dec. 2012 Acquired Apollo Tyres South Africa (Pty) Ltd. (Current: Sumitomo Rubber South Africa (Pty) Ltd.)
Jun. 2015 Announced to dissolve the alliance with The Goodyear Tire & Rubber Company of the U.S.
Oct. 2015 Dissolved the alliance agreement and joint ventures with The Goodyear Tire & Rubber Company.

Supplemental Information 1

Dissolve the alliance with Goodyear
-The Company and The Goodyear Tire & Rubber Company of the U.S. executed an agreement to dissolve the alliance agreement and joint ventures on June 4, 2015. The Company will acquire the Dunlop trademark license of original-equipment tires for Japanese automakers in North America, and the exclusive usage of the Dunlop trademark for other 33 countries including Russia, Middle East and African countries. Goodyear will obtain the ownership of the Dunlop trademark license in Europe and for replacement tires in North America. The Company will purchase the tire plant in North America, and Goodyear will purchase the tire plant in Europe. Their joint ventures established for procurement and technology development will be dissolved. (From an article in the Nikkan Jidosha Shimbun on June 5, 2015)

-On October 1, 2015, the Company and The Goodyear Tire & Rubber Company of the U.S. dissolved the alliance agreement and joint ventures.

Alliance with Goodyear
1) Commercial Alliance
-The Company concluded contracts for creating a number of global commercial alliances in tire operations with the Goodyear Tire & Rubber Company of the U.S. (effective September 1, 1999)

Summary of the alliance:
1. Establish and manage joint venture for tire production and also sales in Europe and North America and a joint venture for tire sales in Japan.
-Accordingly, the Goodyear and Dunlop brand tires are manufactured and sold by the Goodyear Tire & Rubber Company in the North American and European markets, while being manufactured and sold by Sumitomo Rubber Industries in the Asian market.

2. Establish and manage two joint ventures for the purpose of joint purchasing and the exchange of tire technology.

3. Cross shareholding

2) Cross-licensing contract

Company Name Effective date of contract Contractual Coverage Length of contract
The Goodyear Tire & Rubber Company (U.S.A.) Sep. 1, 1999 Mutual use of tire technology and processing technology Not specified


>>>Business report FY ended Dec. 31, 2007

>>>Business report FY ended Dec. 31, 2008
>>>Business report FY ended Dec. 31, 2009
>>>Business report FY ended Dec. 31, 2010
>>>Business report FY ended Dec. 31, 2011
>>>Business report FY ended Dec. 31, 2012
>>>Business report FY ended Dec. 31, 2013
>>>Business report FY ended Dec. 31, 2014

Archives of Past Exhibits

Note: A figure in brackets ( ) indicates a loss.