Sumitomo Rubber profit plunges 63% despite Dunlop acquisition

Sumitomo Rubber Industries reported profit of 14,374 million yen for the first half of 2025, down 62.9% from the same period last year, on sales revenue of 572,192 million yen, down 2.5%.

The decline was attributed to reduced tire sales volume and higher raw material costs, despite acquiring Dunlop trademark rights in Europe, North America, and Oceania.

The company is implementing "Project ARK," targeting total cost reductions of 30.0 billion yen by 2027. Full-year 2025 profit target remains 45,000 million yen.