Sumitomo Rubber Industries, Ltd.

Company Profile

■URL

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

■Address

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

Business Overview

-It operates in three business areas: tires, sporting goods, and industrial and other goods. The tire business accounts for 86.3% of total companywide sales.

-A major tire manufacturer developing, manufacturing, and selling tires under two brand names, Dunlop and Falken.

Dunlop

Pioneering brand in pursuit of safety and environmental performance.
Pursues the creation of environmentally friendly products that are safe, environmentally friendly, and fuel-efficient, through using simulation technology.
-1980's: Acquired Dunlop's tire business in Europe.
-1999: Entered into an alliance with Goodyear Inc. of the U.S. (Dunlop brand tires were sold by Sumitomo Rubber in Japan and Asia, and by Goodyear in North America and Europe)
-2025: Acquired Dunlop trademark rights for automobile tires in Europe, North America, and Oceania from Goodyear of the U.S., becoming a global brand operated by Sumitomo Rubber.

Falken

A global brand for people who love driving.
The brand was born in 1983 by applying technologies, which were tested and honed in motorsports, to commercial tires. Its tires feature uncompromising quality and pursue the fun of driving. A global brand that has expanded from its base in Japan all the way to Europe, the U.S., India, China, and Australia.

Long-term management strategy "R.I.S.E. 2035"

Three strategic drivers

Creating innovation based on rubber
Strengthening brand management
Establishing a management foundation that is resilient to changes

FY 2025-27: Tire premiumization, reform of profit structure
FY 2028-30: Maximize cashflow, establish business position
FY 2031-35: Portfolio transformation, product and service innovation

Financial targets

	FY 2027 (revised target)	FY 2030-35
Business profit margin	10%	15%
ROE	10%	12%
D/E ratio	0.6	-
ROIC	8%	10%

Shareholders

-Listed on the Prime Market of the Tokyo Stock Exchange

(as of Dec. 31, 2024)

Name or Company Name	Investment Ratio (%)
Sumitomo Electric Industries, Ltd	28.85
The Master Trust Bank of Japan, Ltd. (Trust Account)	10.87
NORTHERN TRUST CO.(AVFC) RE SILCHESTER INTERNATIONAL INVESTORS INTERNATIONAL VALUE EQUITY TRUST (Standing proxy: HSBC Bank Tokyo Branch Custody Department)	5.23
Custody Bank of Japan, Ltd. (Trust Account)	4.68
NORTHERN TRUST CO.(AVFC) RE U.S. TAX EXEMPTED PENSION FUNDS (Standing proxy: HSBC Bank Tokyo Branch Custody Department)	2.64
NORTHERN TRUST CO. (AVFC) RE NON TREATY CLIENTS ACCOUNT (Standing proxy: HSBC Bank Tokyo Branch Custody Department)	2.13
Sumitomo Mitsui Banking Corporation	1.39
NORTHERN TRUST CO.(AVFC) RE IEDU UCITS CLIENTS NON LENDING 15 PCT TREATY ACCOUNT (Standing proxy: HSBC Bank Tokyo Branch Custody Department)	1.35
SMBC Nikko Securities Inc.	1.24
STATE STREET BANK AND TRUST COMPANY 505001 (Standing proxy: Mizuho Bank, Ltd.)	1.18
Total	59.56

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Products

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

Aluminum wheels

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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.
Jun. 2016	Absorbed the operations of Dunlop Goodyear Tire, a consolidated subsidiary.
Feb. 2017	Acquired Micheldever Group (MD), a tire sales company based in the UK.
Apr. 2022	Moved from the 1st Section of the Tokyo Stock Exchange to the Prime Market section due to the TSE's reorganization.
Jan. 2024	Sold Lonstroff AG, which is based in Switzerland
Nov. 2024	Ended production at Sumitomo Rubber USA, LLC, which will be dissolved.
Jan. 2025	Signed a purchase agreement and acquired the DUNLOP trademark right from USA-based Goodyear, enabling the trademark to be used on automotive tires in Europe, North America, and Oceania.