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Falken manufacturer SRI publishes 2023 Fact Book

Sumitomo Rubber Industries, Ltd. has released the latest edition of its corporate Fact Book, and the publication lives up to its name by offering 52 pages of financial and operational information. The manufacturer of the Falken tyre brand dives in with reportage of its 2023 financial statements, including sales revenue of 1,177.40 billion yen (£5.71 billion), operating profit that rose 330.3 per cent year-on-year to 64.49 billion yen (£312.70 million), and profit for the year of 38.51 billion yen (£186.71 million), a year-on-year increase of 209.1 per cent.

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SRI utilising hydrogen energy in tyre manufacturing

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Since establishing its new long-term sustainability policy in 2021, Sumitomo Rubber Group has piloted and demonstrated proof of concept for the use of hydrogen as a source of energy at its tyre factory in Shirakawa, Japan. Combined with power generated from solar photovoltaic panels installed in the plant’s carpark, Sumitomo Rubber Industries (SRI) claims that the use of hydrogen has led to carbon neutrality (Scopes 1 and 2) for its production at Shirakawa, beginning in January 2023.

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Related news:

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Sumitomo Rubber Fact Book

Sumitomo Rubber Group, Japan-headquartered manufacturer of the Falken tyre brand, has published its 2022 annual report. Within the 49 pages of the Fact Book 2022 the company reports its performance in the 2022 financial year – a 58% year-on-year drop in profit despite higher sales revenue – as well as information about its operations around the world, including in the UK.

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  1. Tyre energy to power vehicle electronics
  2. Sumitomo Rubber testing Falken tyres at new facility in Sweden
  3. Tomohiko Masuta appointed managing director of Falken, Sumitomo Rubber Europe
  4. SRI to “optimise” tyre business portfolio
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2023 launch for Falken aftermarket EV tyres

Electric vehicle-specific aftermarket Falken tyres will arrive in Europe next year, says Sumitomo Rubber Industries. The tyre maker reported the planned release of the Falken e.Ziex upon announcing the April 2022 launch in China of a replacement market range aimed at electric vehicles, the Dunlop e.Sport Maxx.

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  4. Tyre wear detection added to SRI’s Sensing Core
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Sumitomo Rubber switches to green energy in China

The Sumitomo Rubber Group’s two tyre factories in the People’s Republic of China are now operating on 100 per cent renewably sourced energy. The transition to renewable was completed this month, and Sumitomo Rubber Industries says additional measures will further increase the Changshu and Hunan plants’ sustainability credentials.

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SRI evolving Advanced 4D Nano Design technology

Sumitomo Rubber Industries (SRI) has presented the “next evolution” of its proprietary Advanced 4D Nano Design materials development technology. The manufacturer of the Falken and (outside Europe) Dunlop tyre brands also reports it is utilising supercomputer technology to accelerate its work on materials simulation.

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SRI testing remote tyre monitoring

Sumitomo Rubber Industries (SRI), manufacturer of the Falken tyre brand, recently began proof-of-concept testing for a new kind of tyre pressure management solutions service that remotely monitors tyre pressure and temperature. Through this testing project, SRI will evaluate the service’s efficacy in supporting safer driving, specifically its effectiveness in reducing maintenance time and workload and preventing operator error. SRI says the project contributes towards its “ultimate aim” of establishing a business model that “helps to enhance the safety and economy of driving.”

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Sumitomo Rubber takes the stink out of natural rubber

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Anyone who’s spent time in a garage or tyre shop knows that the smell of rubber is an acquired love. And there’s good news for those who never acquire this love – Sumitomo Rubber Industries, Ltd. has, after identifying the factors that cause natural rubber to emit an odour, developed ‘Reduced Odor Natural Rubber,’ a new type of natural rubber that emits significantly less odour.

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Sumitomo Rubber sets up rubber procurement company

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After considering a number of factors, such as a changing business environment as well as growing awareness of human rights and environmental considerations, Sumitomo Rubber Group has established its own local organisation for procuring natural rubber. It has done so via its member company Sumitomo Rubber Industries, which this month set up Sumitomo Rubber Singapore Pte. Ltd. This entity, located in the world’s largest natural rubber trading hub, will commence operations in April.

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Sumitomo Rubber acquires Sport Direct International’s Dunlop brand rights

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On 27 December, Japan’s Sumitomo Rubber Industries, Ltd. entered into an agreement with UK-based sporting goods retailer Sports Direct International plc to acquire the international trademark rights for the Dunlop brand and the brand’s sporting goods and licencing businesses. The transaction carries a purchase price of US$137.5 million.

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Sumitomo marks 10 years of Thailand production

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On 5 October, Sumitomo Rubber (Thailand) Co., Ltd. (SRT), the Sumitomo Rubber Group’s tyre manufacturing and sales subsidiary in Thailand, celebrated the tenth anniversary of operations at its passenger car and agricultural/industrial tyre plant in Rayong Province. The festivities were attended by around 300 guests, including the Governor of Rayong Province, representatives from various government agencies, business partners, customers and factory staff, as well as Ikuji Ikeda, president of Sumitomo Rubber Industries, Ltd (SRI).

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Goodyear to pay Sumitomo US$271 million to end global joint venture

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Goodyear's Akron, Ohio headquarters

The Goodyear Tire & Rubber Company is to pay Sumitomo Rubber Industries, Ltd. (SRI) US$271 million to end its global joint venture with the Japanese firm. Goodyear expects to increase annual income as a result of the deal, while SRI will take on expanded use of the Dunlop name around the world. This largely means Russia, Africa and Asia, but not Europe.

The reasoning behind the dissolution? According to SRI, the North American and European joint ventures did not perform as initially expected. Furthermore there was decreasing technology exchange between the two companies – all of which led both parties to “dissolve the alliance in a constructive manner”. This led to the arbitration filing and subsequent dissolution talks in January and February 2014 respectively.

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Related news:

  1. Goodyear ending Sumitomo alliance due to “anti-competitive” behaviour
  2. Goodyear wants to end Sumitomo Rubber tyre joint venture
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SRI takes a break from growth in Q1 2015

Sumitomo Rubber Industries’ new financial year got off to a sluggish start, with sales declining 2.9 per cent year-on-year in the January-March period to 185.2 billion yen (£976.3 million). Ordinary income went down 34.6 per cent to 12.0 billion yen (£63.3 million) and gave a margin of 6.5 per cent, compared with 9.4 per cent a year earlier. Net profit fell 29.4 per cent to 7.7 billion yen (£40.6 million).

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  1. Moody’s affirms Goodyear rating, says “outlook positive”
  2. SRI net income up 26.4% in 2013
  3. Sumitomo Rubber Q3 net income up 7%, YTD 28% higher
  4. Sales Up but Net Profit down at Sumitomo Rubber
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One tyre, three treads – Falken’s contribution to the Mitsubishi Concept XR-PHEV II

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A concept tyre produced by Sumitomo Rubber Industries offers a glimpse into how future drivers of plug-in hybrid electric vehicles, or PHEVs, may be able to enjoy both sporty handling and efficiency. The Falken concept tyre features different tread areas in order to address the conflict between rolling resistance (and its influence on range) and the need to offer the sharp, sporty dynamics that sports SUV drivers expect.

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Related news:

  1. New Falken tyres, technologies introduce brand’s next generation in Europe
  2. Falken engineers employ Japan’s Earth Simulator in making of new Ecorun PCR tyre
  3. Falken off-road 4×4 tyres make sporting impact
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Sumitomo Rubber Q3 net income up 7%, YTD 28% higher

For the nine months ending 30 September 2014, Sumitomo Rubber Industries reports net sales of 575.3 billion yen (£3.2 billion), a result 8.2 per cent higher than in the corresponding period of 2013. Operating income amounted to 49.1 billion yen (£269.3 million), a year-on-year increase of 14.2 per cent, while net income shot up 28.2 per cent to 31.7 billion yen (£174.2 million). From this total, net sales within the company’s tyre business rose 8.6 per cent to 500.7 billion yen (£2.7 billion) and operating income rose 14.6 per cent to 44.1 billion (£242.3 million).

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Related news:

  1. Moody’s affirms Goodyear rating, says “outlook positive”
  2. SRI net income up 26.4% in 2013
  3. SRI takes a break from growth in Q1 2015
  4. Sales Up but Net Profit down at Sumitomo Rubber
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