Sumitomo Rubber Reports Increased Income

In 2004, Sumitomo Rubber Industries reported an operating income of 45,526 million yen (£227 million) compared with 37,765 million yen in 2003, up roughly 20 per cent. The company’s net sales rose 4.5 per cent to 470, 562 million yen (£2.34 billion) in 2004 from the 450,490 million yen the company raised the previous year. The company’s tyre segment contributed to 76 per cent of the company’s total turnover. This section reported that it had an operating income of 32,899 million yen (£164 million), an improvement on the previous year’s figure of 31,207 million.