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Sumitomo Rubber Industries ( (JP:5110) ) has shared an announcement.
Sumitomo Rubber Industries announced the completion of an investigation by the Japan Fair Trade Commission into its subsidiary, Dunlop Tyre Japan, regarding the sale of automotive all-season tires. The investigation concluded with the Commission approving a commitment plan submitted by the subsidiary, which does not imply any violation of the Antimonopoly Act. The company expressed regret for any inconvenience caused and emphasized its commitment to ensuring compliance with all legal regulations across its operations.
The most recent analyst rating on (JP:5110) stock is a Buy with a Yen2100.00 price target. To see the full list of analyst forecasts on Sumitomo Rubber Industries stock, see the JP:5110 Stock Forecast page.
More about Sumitomo Rubber Industries
Sumitomo Rubber Industries, Ltd. operates in the rubber industry, primarily focusing on the production and sale of tires, including automotive all-season tires. The company is known for its Dunlop brand and is a significant player in the global tire market.
Average Trading Volume: 1,318,672
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen458.8B
Learn more about 5110 stock on TipRanks’ Stock Analysis page.