Recently, Sumitomo Rubber, the parent company of Dunlop Tire, announced its January-September financial report.

The report shows that from January to September, Sumitomo Rubber's sales reached 781.5 billion yen (38.716 billion yuan), an increase of about 18.95% year-on-year; operating profit reached 12.4 billion yen (614 million yuan), a year-on-year -61.37%; net profit Reached 14.4 billion yen (713 million yuan), a year-on-year -30.43%.

Judging from the charts of Sumitomo Rubber's sales (gray bar), operating profit (orange), and net profit (gray) from January to September in recent years, sales from January to September in 2022 are the highest in the past five years:

After the release of this year's financial report, Sumitomo Rubber changed its 2022 full-year financial forecast target and lowered its full-year target set in August. It is expected that sales in 2022 will reach 1.1 trillion yen (54.494 billion yuan); operating profit will reach 13 billion yen (644 million yuan); net profit will reach 15 billion yen (743 million yuan).

The financial report shows that Sumitomo Rubber's main tire sales positions are in Asia, Europe and other regions. It is understood that the main tire products of Sumitomo Rubber in China are Dunlop tires and Falken tires. In August, the company plans to add capacity for "more advanced tires" at plants in Japan, China, Thailand and Turkey. Among them, Sumitomo Rubber's factories in Changshu and Hunan, China, and Kankiri, Turkey have increased the production capacity of large-size electric vehicle passenger tires.