All Sumitomo Rubber articles
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News briefsDunlop Sports’ operating profit increases by 40% in FY23
Sumitomo Rubber’s sports division generated a 40 percent gain in annual operating income to ¥12,482 million (€77.4m) from ¥8.943 million for the 12 months ended Dec. 31. Annual sales rose by 8.6 percent to ¥126,647 million (€785.0m) from ¥116,597 million, bolstered by golf gains in North America and South Korea ...
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News briefsSrixon Sports Europe opens new headquarters in Surrey
The European subsidiary of the Srixon Srixon Sports Europe has moved into new headquarters in Ash Vale in Surrey, England. The new facility, located about 15km from the company’s former office in Alton and 60km southwest of London, features more than 2,200 square meters of office space as well as ...
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News briefsSouth Korea, North America pace Dunlop’s Q1 sales growth
Japan’s Sumitomo Rubber Industries sports segment generated a 37.2 percent year-over-year increase in Q1 net income to ¥5,459 million (€39.9m) from ¥3,980 million. Quarterly sales in the Dunlop Sports unit, bolstered by higher year-over-year golf sales in North America and South Korea and strong tennis sales in Europe, rose by ...
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News briefsDunlop Sports’ new international websites combine golf and racquet sports
Dunlop Sports’ new websites in the U.K./Europe, the U.S. and Australia combine its golf and racquet sports businesses. Dunlop is owned by Sumitomo Rubber Industries, a Japan-based tire and rubber company. In April 2022, Sumitomo added the Dunlop logo to the back of professional golfers’ headwear, thereby initiating the consolidation ...
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News briefsDunlop Sports exceeds expectations in Q1
Sales of Sumitomo Rubber Industries’ sports brands improved 27 percent in the first quarter, from 23,327 million Yen to ¥29,685 million (€219.85m), resulting in an operating profit of ¥3,980 million (€29.48m), up 61 percent from ¥2,468 million a year earlier. The group’s golf brands – Dunlop, Srixon and Cleveland – ...
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News briefsSumitomo with brand realignment in North America
In a global alignment strategy, the sports business for Sumitomo Rubber Industries (SRI) will be affiliated under the Dunlop brand umbrella. Roger Cleveland Golf Company, which is SRI’s North American sales company, currently operating as Srixon/Cleveland Golf/XXIO, will now be doing business as Dunlop Sports Americas. Based in Kobe, Japan, ...
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News briefs
Sumitomo’s sports revenues more than double
Sales grew by 225 percent to ¥28.1 billion (€220m-$257m) during the second quarter ended June 30 for the sports division of Sumitomo Rubber, which includes the Dunlop, Srixon and XXIO brands of tennis and golf products. The higher revenues led the division to post a profit of ¥3,050 million (€23.7m-$27.9m) ...
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News briefs
Dunlop’s parent sees weak sports sales
Sumitomo Rubber Industries’ sports division, which includes Dunlop, Srixon and XXIO, saw its revenues fall by 9 percent in the fourth quarter ended Dec. 31 to ¥20.5 billion (€160.3-$195.8m). The segment’s operating profit reached ¥1.1 billion (€8.6m-$10.7m), down from a profit of ¥2.0 billion last year. Golf and tennis sales ...
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Article
Sumitomo raises guidance for its sports division
Sumitomo Rubber Industries’ sports division bounced back from a poor second quarter, posting an operating profit of ¥1,041 million (€8.4m-$9.9m) in the third quarter, against a loss of ¥519 million (€4.2m-$4.9m) in the year-ago period. Sales in the sports division, which includes brands such as Srixon, XXIO, St. James and ...
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News briefs
Dunlop sees lower profits and ends with a loss
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 ...
