Sumitomo Rubber Reports Robust Mid-Year Growth

Sumitomo Rubber Industries (JP:5110) has released an update.

Sumitomo Rubber Industries reported a significant increase in their six-month financial performance ending June 30, 2024, with sales revenue up by 4.6% and a striking 372.5% rise in profit attributable to owners of the parent. Shareholders saw a substantial boost in basic profit per share from the previous year, jumping to 147.25 yen. The company’s financial position strengthened with total equity attributable to owners of the parent increasing to 697,414 million yen, marking a 51.4% equity ratio.

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