Sumitomo Rubber President Satoru Yamamoto recently looked back on the year 2022 and discussed the company’s EV tires and sensing core business initiatives. Looking Back at 2022 Yamamoto said that with regard to the economic environment, the outlook remained uncertain due to the continuing impact of the coronavirus pandemic and the situation in Ukraine, as well as further inflationary pressures....
Sumitomo Rubber was visited by Lulama Smuts Ngonyama, the South African Ambassador to Japan, on Sept. 14. The day saw Ngonyama welcomed by a number of Sumitomo Rubber officials, including Chairman Ikuji Ikeda, President and CEO Satoru Yamamoto, and Senior Executive Officer Yasuaki Kuniyasu. The group used their time together to exchange ideas and opinions about business in South Africa,...
Speaking at a press conference on Dec. 13, Sumitomo Rubber Industries Ltd. (TYO:5110) President Satoru Yamamoto looked back on the past year and gave some insight into the company’s strategy going forward. With its tire business, the past year saw Sumitomo Rubber decide on multiple investments in an effort to respond to strong demand around the world. In February 2021,...
Speaking at an online results briefing on Feb. 9, Sumitomo Rubber Industries Ltd. (TYO:5110) President Satoru Yamamoto commented on his company’s performance in coming out of the slump in global tire demand. Sumitomo Rubber’s sales, he said, are seen to be recovering faster than overall market demand. And what is more, he added, the company is projecting a particularly fast...
Sumitomo Rubber Industries Ltd. (TYO:5110) President Satoru Yamamoto has revealed a new medium-term management plan set to run through to fiscal 2025. The plan’s goals for that final year are to achieve 1 trillion yen ($9.1 billion) in sales revenue, 100 billion yen in business profit, a return on equity of at least 10 percent and a debt-to-equity ratio of...
Sumitomo Rubber Industries Ltd. (TYO:5110) President and CEO Satoru Yamamoto recently laid out a set of three initiatives for his company to pursue heading into 2020, positioning these as a first step to bringing about the ideal organization. The first of these initiatives is for Sumitomo Rubber to establish a strong profit foundation, which will help the company to achieve...
