Sumitomo Rubber Industries reported an operating loss of 2,505 million yen (€19.9m-$23.5m) for its sports segment in the second quarter, compares with a profit of ¥1,945 million for the second quarter of 2019. The revenues of its sports segment, which includes the global operations of Dunlop, Srixon and XXIO, dropped by 45 percent to ¥12,478 million (€99.0m-$117.2m), due to the Covid-19 pandemic, which affected global demand for golf and tennis equipment, and led to the cancellation of events and tournaments. The management said North America showed signs of recovery in June and July, as golf courses reopened, but Dunlop expects a depressed overall business environment for the remainder of the year. Overall, Sumitomo Rubber ended with a net loss of ¥5,900 million (€46.8m-$55.4m), compared with profit of ¥3,500 last year on 68 percent lower total revenues of ¥149.2 billion (€1.2bn-$1.4bn). For the full year, the Japanese company predicts that its sports segment will record a loss of of ¥4.0 billion (€31.7m-$37.6m), compared with a net profit of ¥4.3 billion last year, on 76 percent lower revenues of ¥64.0 billion (€0.35m-$0.6m).