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Sumitomo Rubber Industries Ltd (5110.T)

5110.T on Tokyo Stock Exchange

1,829JPY
16 Jan 2017
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Latest Key Developments (Source: Significant Developments)

Sumitomo Rubber Industries to set up JV in Japan with unit
Tuesday, 27 Dec 2016 10:06pm EST 

Sumitomo Rubber Industries Ltd <5110.T>: Says it to set up a JV in Japan with unit Dunlop Sports Co Ltd in the first half year of 2017, for management of DUNLOP trademark right and DUNLOP brand sporting goods business as well as licensing business .Says the JV to be capitalized at 6 billion yen and the co to hold 66.7 percent stake in it.  Full Article

Dunlop Sports to set up JV in Japan
Tuesday, 27 Dec 2016 09:55pm EST 

Dunlop Sports Co Ltd <7825.T>: Says it to set up a JV in Japan with its parent company in the first half year of 2017 . Says the JV to be engaged in management of DUNLOP trademark right and DUNLOP brand sporting goods business, as well as licensing business .Says the JV to be capitalized at 6 billion yen and the co to hold 33.3 percent stake in it.  Full Article

Sumitomo Rubber to spend about 9 bln yen on an American tire plant - Nikkei<5110.T>
Thursday, 4 Aug 2016 05:29pm EDT 

NIKKEI: Sumitomo Rubber Industries will spend about 9 billion yen to double production capacity at an American tire plant - Nikkei .Sumitomo Rubber Industries sees group sales to climb 1 percent to 860 billion yen for fiscal year ending December 31; targets sales of 1.2 trln yen in 2020 - Nikkei.  Full Article

Sumitomo Rubber Industries to adopt International Financial Reporting Standards
Friday, 12 Feb 2016 01:30am EST 

Sumitomo Rubber Industries Ltd:Says to apply International Financial Reporting Standards (IFRS) as the new accounting method, to replace the current Japanese Accounting Standards.IFRS effective from financial report for Q4 of FY ending Dec. 2016.  Full Article

Sumitomo Rubber Industries to issue year-end dividend for FY 2015
Friday, 12 Feb 2016 01:30am EST 

Sumitomo Rubber Industries Ltd:To issue a year-end dividend of 30 yen per share to all the shareholders of record as of Dec. 31, for FY ended Dec. 2015.Payment date March 31.Says latest dividend forecast was 25 yen per share.  Full Article

Sumitomo Rubber Industries to merge with subsidiary
Thursday, 5 Nov 2015 02:30am EST 

Sumitomo Rubber Industries Ltd:To merge with its 75 pct owned subsidiary, which has been engaged in the sales of tyre for new car use in Tokyo, Japan.Effective date Jan. 1, 2016.After the transaction, Sumitomo Rubber Industries will be the surviving company and the subsidiary will be dissolved.  Full Article

Sumitomo Rubber Industries completes termination of alliance agreement and joint ventures with U.S-based company
Thursday, 1 Oct 2015 08:00pm EDT 

Sumitomo Rubber Industries Ltd:Says completed the formalities of termination of alliance agreement and joint ventures with U.S-based company The Goodyear Tire & Rubber Company, on Oct. 1.Previous release disclosed on June. 4.  Full Article

Sumitomo Rubber Industries announces termination of alliance agreement and joint ventures
Thursday, 4 Jun 2015 04:00am EDT 

Sumitomo Rubber Industries Ltd:Says signed agreement on June 4 with The Goodyear Tire & Rubber Company (Goodyear) regarding termination of alliance agreement and joint ventures.Regarding four tire manufacturing and sales joint ventures, Sumitomo Rubber Industries to wholly owned Goodyear Dunlop Tires North America, Ltd (Sumitomo Rubber Industries currently hold 25 pct stake) and a Japan-based JV (Sumitomo Rubber Industries currently hold 75 pct stake).Goodyear to wholly owned Goodyear Dunlop Tires Europe B.V. (Goodyear currently hold 75 pct stake) and a Japan-based JV (Goodyear currently hold 25 pct stake).Regarding joint purchasing and joint technology development joint ventures, Goodyear - SRI Global Purchasing Co. (Sumitomo Rubber Industries holds 20 pct stake) and Goodyear - SRI Global Technology LLC (Sumitomo Rubber Industries holds 49 pct stake) to be dissolved.The effective date of termination of alliance agreement and joint ventures planned in Q4 of 2015.  Full Article

Sumitomo Rubber Industries to issue year-end dividend for FY 2014
Thursday, 12 Feb 2015 01:30am EST 

Sumitomo Rubber Industries Ltd:To issue a year-end dividend of 30.00 yen per share to for the fiscal year ended Dec. 31, 2014.Payment date March 27.Says the dividend amount is above the latest forecast disclosed on Nov. 6, 2014.  Full Article