Current Issue

Sumitomo 2013 sales, earnings up

Comments Email

KOBE, Japan (Feb. 18, 2014) — Sumitomo Rubber Industries Ltd. reported double-digit gains in operating and net income for fiscal 2013 on 9.9-percent higher sales.

The company’s operating earnings for the year rose 10.5 percent to $788.7 million while net income jumped 26.4 percent to $458.5 million. Sales revenue increased to $7.99 billion.

Sumitomo offered no commentary on the results, issued as a Flash Report on the firm’s website.

Business unit and geographical breakdowns were not disclosed at this time.

More Polls>

TB Reader Poll

Previous | Published June 17, 2016

How will the new Labor Department rule on overtime pay affect you?

I've already had to demote some managers and assistant managers because of it
16%
(13 votes)
I was hoping to hire some new technicians soon. I can't now because of the new overtime rules
5%
(4 votes)
It won't affect me much
12%
(10 votes)
I think it's fair for assistant managers to get compensation for overtime
34%
(28 votes)
I'm voting a straight GOP ticket this November to see if we can get rid of this
33%
(27 votes)
Total votes: 82