Sumitomo Rubber Industries announced that it had lowered its consolidated earnings forecast for the fiscal year ending December 2026 and now expects business profit from its core operations to be ¥96.0 billion. The forecast is down from the previous ¥112.0 billion, with the decline attributed to higher gasoline prices resulting from the situation in the Middle East and weaker tire replacement demand in Europe and North America.
Sumitomo Rubber Industries announced that it had lowered its consolidated earnings forecast for the fiscal year ending December 2026, with business profit expected to come to ¥96.0 billion. This represents a 14.3% decrease from the previous forecast of ¥112.0 billion.
Gasoline prices are surging due to the situation in the Middle East, and tire replacement demand is expected to weaken in Europe and North America.
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