Consolidated Financial Results
for the Six Months Ended June 30, 2024
[IFRS]
August 7, 2024
: Sumitomo Rubber Industries, Ltd.
: Tokyo Stock Exchange: 5110: https://www.srigroup.co.jp/: Satoru Yamamoto, President and CEO, Representative Director: Hitoshi Hino, Executive Officer and General Manager, Accounting & FinanceContact
Headquarters
Phone: +81-78-265-3000
Scheduled date of filing securities report: August 8, 2024
Scheduled date of commencing dividend payments: September 5, 2024
Supplementary documents for financial results: Yes
Financial results briefing session: Yes (for institutional investors and analysts)

Company name
Stock exchange listing
Code number
URL
Representative(Amounts of less than one million yen are rounded to the nearest unit.)
1. Consolidated Financial Results for the Six Months Ended June 30, 2024 (January 1, 2024 to June 30, 2024)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Sales revenue

Operating profit

Business profit

Profit attributableto ownersof parent

Comprehensive
incomeSix months ended

Millions of yen% Millions of yen%

Millions of yen% Millions of yen%

June 30, 2024

587,041

4.6

42,294147.6

41,951149.6

38,729372.5

91,602

92.1

June 30, 2023

561,161

9.6

17,08020.4

16,810

33.7

8,196

(52.3)

47,677(40.8)% Millions of yen(Note) “Business profit” is “Sales revenue” subtracted by “Cost of sales” and “Selling, general and administrative
expenses.”
Basic profit per
share

Business profit
to sales revenue
ratio

Diluted profit
per share

Six months ended

Yen

Yen

%

June 30, 2024
June 30, 2023

147.25
31.16

-

7.2
3.0

(2) Consolidated Financial Position
Total assets
As ofTotal equity

Total equity
Ratio of equity Equity attributable
attributable toattributable toto owners ofowners of parent owners of parent parent per share

Millions of yen

Millions of yen

Millions of yen%

Yen

June 30, 2024

1,355,687

716,394

697,41451.4

2,651.48

December 31, 2023

1,266,732

641,430

624,11449.3

2,372.90

(3) Consolidated Cash Flows
Cash flows fromoperating activities

Cash flows frominvesting activities

Cash and cash
equivalents at theend of the period

Cash flows fromfinancing activities

Six months ended

Millions of yen

Millions of yen

Millions of yen

Millions of yen

June 30, 2024

59,463(36,349)(43,869)

75,861

June 30, 2023

55,867(32,481)(28,557)

74,192

2. Dividends

Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Year-end

Total

Fiscal year ended

Yen

Yen

Yen

Yen

Yen

December 31, 2023

-

5.00

-

53.00

58.00

December 31, 2024

-

29.00
-

29.00

58.00

Fiscal year ending

December 31, 2024
(Forecast)(Note) Revision to the dividends forecast announced most recently: None

3. Consolidated Financial Results Forecast for the Fiscal Year Ending December 31, 2024 (January 1, 2024
to December 31, 2024)(% indicates changes from the previous corresponding period.)
Sales revenue

Full year

Business profit

Millions of yen%

1,200,000

1.9Millions ofyen

80,000Operating profit% Millions of yen

3.0

61,000

Profit attributableto ownersof parent

%

(5.4)

(Note) Revision to the financial results forecast announced most recently: Yes

Millions ofyen

41,000

Basic profit per
share

%

Yen

10.7

155.88

Notes:(1) Changes in significant subsidiaries during the six months ended June 30, 2024
(changes in specified subsidiaries resulting in changes in scope of consolidation): None(2) Changes in accounting policies and changes in accounting estimates
1) Changes in accounting policies required by IFRS
2) Changes in accounting policies other than 1)
3) Changes in accounting estimates: None: None: None(3) Total number of issued shares (common stock)1) Total number of issued shares at the end of the period (including treasury stock)June 30, 2024
: 263,043,057 shares
December 31, 2023
: 263,043,057 shares2) Total number of treasury stock at the end of the period
June 30, 2024:
14,789 shares
December 31, 2023:
25,265 shares
3) Average number of shares during the period
Six months ended June 30, 2024
: 263,022,153 shares
Six months ended June 30, 2023
: 263,012,864 shares* Financial statements are outside the scope of the review procedures to be conducted by certified public
accountants or auditing firms.
* Explanation of the proper use of financial results forecast and other notes
The earnings projections and other forward-looking statements herein are based on certain assumptions made inlight of the information currently available to Sumitomo Rubber Industries, Ltd. (the “Company”) and its groupcompanies (collectively, the “Group”) and do not constitute any promises by the Company that they will be
realized. Actual results could differ significantly from these forecasts due to changes in various factors
surrounding the businesses of the Company and the Group.

With regard to the matters related to the underlying assumptions for the above forecasts, please refer to page 5 of
the attached documents of the Consolidated Financial Results for the Period under Review, “1. Qualitative
Information on Interim Financial Results for the Period under Review, (3) Consolidated Financial Results
Forecast and Other Future Forecast.”Table of Contents

1. Qualitative Information on Interim Financial Results for the Period under Review ......................................... 2(1) Operating Results ................................................................................................................................................2(2) Financial Position ................................................................................................................................................4(3) Consolidated Financial Results Forecast and Other Future Forecast ..................................................................5
2. Condensed Interim Consolidated Financial Statements and Primary Notes ...................................................... 6(1) Condensed Interim Consolidated Statements of Financial Position.................................................................. 6(2) Condensed Interim Consolidated Statements of Income and Comprehensive Income .................................... 8(3) Condensed Interim Consolidated Statements of Changes in Equity............................................................... 10(4) Condensed Interim Consolidated Statements of Cash Flows ......................................................................... 12(5) Notes on Condensed Interim Consolidated Financial Statements .................................................................. 13(Notes on Going Concern Assumption) ............................................................................................................ 13(Segment Information) ...................................................................................................................................... 13(Significant Subsequent Events) ....................................................................................................................... 15- 1 -1. Qualitative Information on Interim Financial Results for the Period under Review(1) Operating Results

Sales revenue
Tires
SportsIndustrial and Other Products
Business profit
Tires
SportsIndustrial and Other Products
Adjustments
Operating profit

For the six
months ended
June 30, 2023
Millions of yen
561,161
471,076
68,14921,936
17,080
9,759
6,435
868
18
16,810For the six
months ended
June 30, 2024
Millions of yen
587,041
496,11371,573
19,35542,29434,009
6,966
1,297
22
41,951

Change in
ratio
%
4.6
5.3
5.0
(11.8)
147.6
248.5
8.3
49.3
149.6

Profit attributable to owners
8,196
38,729372.5
of parent(Note) “Business profit” is “Sales revenue” subtracted by “Cost of sales” and “Selling, general andadministrative expenses.”Foreign exchange rates applied
For the six
months ended
June 30, 2023
Yen

For the six
months ended
June 30, 2024
Yen

Yen / U.S. Dollar

135

152

17

Yen / Euro

146

165

19

Increase(Decrease)
Yen

During the six months ended June 30, 2024, the economic environment continued to recover gradually,
though some regions remain at a standstill. While the Japanese economy is expected to continue to recoversteadily with the improvement in the employment and income environment, there is a risk that thedeceleration in overseas economies may depress the domestic business conditions, which is due primarily tothe impact of continued high interest rates in the U.S. and Europe and the stagnation of the real estate market
in China, and an uncertainty of the situation in Middle East as well as the trends in foreign exchange, interest,
and prices.
In the business environment surrounding the Group, while tire sales volume for the first half of the year
was slightly lower than the level of the same period of the previous fiscal year, which stemmed from theimpact of production halted at some automobile manufacturers and the market stagnation due mainly to
inflation, the effect such as foreign exchange considerably improved the profit as compared with the same
period a year ago.
Under these circumstances, the Group strongly promoted company-wide projects that aim to reinforce
our business foundation with the goal of accomplishing the Mid-Term Plan, which sets 2027 as the target
year. At the same time, we worked to strengthen our competitive advantage through such efforts asdeveloping and expanding sales of high-performance products that meet the needs of customers.
As a result, sales revenue of the Group increased 4.6% from the same period of the previous fiscal year to¥587,041 million, business profit increased 147.6% to ¥42,294 million, operating profit increased 149.6% to¥41,951 million and profit attributable to owners of parent increased 372.5% to ¥38,729 million.

- 2 -Operating results by business segment was as follows.
Tire Business
Sales revenue in the tire business increased 5.3% from the same period of the previous fiscal year to¥496,113 million, and business profit increased 248.5% to ¥34,009 million.
In the domestic original equipment market, sales significantly fell below the level of the same period of
the previous fiscal year, as some of the automobile manufacturers reduced their production.
In the domestic replacement market, though sales volume declined from the same period of the previous
fiscal year due to rush demand before the prices increase in the same period of the last year, the market share
has improved as sales figure of winter and summer tires outperformed the industry.
In the overseas original equipment market, sales substantially declined mainly for Japanese automobile
manufacturers in the Asian region.
In the overseas replacement market, in Asia-Oceania region, sales in China remained at a low level due
to its market stagnation. Likewise, sales in Southeast Asia fell below the level of the same period of theprevious fiscal year amid the overall sluggish market. In Europe region, sales exceeded the level of the same
period of the previous fiscal year, thanks to our efforts to increase sales of all-season tires and other products
which constitute strong points of our FALKEN brand. In the American region, sales fell below the level of thesame period of the previous fiscal year, which was a stronger sales period compared to this period, despiteongoing strong sales with a flagship product, WILDPEAK Series whose new products were released at the
beginning of this year and robust performance of motorcycle tire sales. In South America, sales slightly
declined from the level of the same period of the previous fiscal year, although we seek to expand sales in theenvironment where import products increased in the market against the backdrop of a decline in ocean freight.
As a result, sales revenue and business profit in the tire business exceeded the level of the same period of
the previous fiscal year thanks to the impact of foreign exchange, though tire sales volume declined below thelevel of the same period of the previous fiscal year.

Sports Business
Sales revenue in the sports business increased 5.0% from the same period of the previous fiscal year to¥71,573 million, and business profit increased 8.3% from the same period of the previous fiscal year to ¥6,966
million.
In the golf goods market, sales revenue exceeded the level of the same period of the previous fiscal year
as we were able to keep strong sales performance for the newly launched 13th generation XXIO clubprimarily in the markets such as Japan and North America, despite decreased revenue due to the deteriorating
market conditions in South Korea.
In the tennis goods markets, sales declined from the level of the previous fiscal year due to stagnant sales
growth caused by the worsening market conditions in Europe.
In the wellness business, sales revenue exceeded the level of the same period of the previous fiscal year
thanks to the effects of the prices increase.
As a result, sales revenue and business profit in the sports business exceeded the level of the same periodof the previous fiscal year.
Industrial and Other Products Business
Sales revenue in the industrial and other products business decreased 11.8% from the level of the same
period of the previous fiscal year to ¥19,355 million, and business profit increased 49.3% to ¥1,297 million.
Sales of rubber parts for medical applications decreased as we conducted a stock transfer of our
subsidiary engaged in manufacturing and sales of medical rubber products in Europe at the end of January2024, which led to substantial decline in sales in Europe, and temporarily halted operations of the domestic
factories to prepare equipment for future production increases. In addition, sales exceeded the level of same
period of the previous fiscal year for infrastructure products and rubber parts for office equipment, but sales ofvibration control business and daily life supplies decreased.
As a result, sales revenue in the industrial and other products business declined from the level of thesame period of the previous fiscal year, but business profit increased.

- 3 -(2) Financial Position

Total assets

As of December
31, 2023
Millions of yen
1,266,732

As of June30, 2024
Millions of yen
1,355,687

Increase(Decrease)
Millions of yen
88,955

Total equity

641,430

716,394

74,964624,114

697,41473,300

49.3

51.4

2.1

2,372.90 yen

2,651.48 yen

278.58 yen

Total equity attributable toowners of parent
Total equity attributable toowners of parent ratio (%)
Equity attributable to owners ofparent per share

The financial position of the Group as of June 30, 2024 was as follows.
Total assets increased ¥88,955 million from the end of the previous fiscal year to ¥1,355,687 million
mainly as a result of acquisition of tangible assets and increase in inventories, although there was decrease in
cash and cash equivalents and trade and other receivables.
Total liabilities increased ¥13,991 million from the end of the previous fiscal year to ¥639,293 million
mainly as a result of increase in interest-bearing debt.
Total equity as of June 30, 2024 increased ¥74,964 million from the end of the previous fiscal year to¥716,394 million, of which equity attributable to owners of parent accounted for ¥697,414 million, and noncontrolling interest accounted for ¥18,980 million.
As a result, ratio of equity attributable to owners of parent was 51.4%, and equity attributable to ownersof parent per share was ¥2,651.48.

- 4 -(3) Consolidated Financial Results Forecast and Other Future Forecast
During the half year ended June 30, 2024, the profitability exceeded the previous forecast mainly due tothe depreciation of the yen, despite the impact of decrease in tire sales volume compared to expectations andincrease of labor costs. Regarding to the fiscal year ending December 31, 2024, we expect the impact of raw
material price hikes and ongoing rise in labor costs in the latter half of the year.
As a result, we have revised the consolidated results forecasts for the full-year as below.
Consolidated Financial Results Forecast for the Fiscal Year Ending December 31, 2024 (January 1, 2024 to
December 31, 2024)(Reference)
Increase
Change inResults for the
Forecast
Previous forecast(Decrease)ratiosame period of
the previous year
Millions of yen Millions of yen Millions of yen% Millions of yen
Sales revenue
1,200,000
1,200,000
1,177,399
Tires
1,030,000
1,032,000(2,000)(0.2)
1,006,381
Sports132,500
131,500
1,000
0.8
126,647
Industrial and
37,50036,5001,000
2.7
44,371Other Products
Business profit
80,00080,00077,670Tires
67,50066,5001,000
1.5
63,572
Sports
10,00011,000(1,000)(9.1)
12,482
Industrial and
2,500
2,500
1,603
Other Products
Adjustments
13
Operating profit
61,00061,00064,490
Profit attributable
41,00038,0003,000
7.9
37,048to owners of parent
Foreign exchange rates applied

Forecast

Yen / U.S. Dollar
Yen / Euro

Yen
153
165

Previous forecast
Yen
151
163

(Reference)Rateapplied for
Increase
the same period(Decrease)of the previous
year
Yen
Yen
2
141
2
152

The results forecast and other forward-looking statements herein are based on certain assumptions made inlight of the information currently available to the Company and the Group as of the date of the release of thisdocument and include potential risks and uncertainty. Please note that actual results may differ significantly
from these forecasts due to changes in various factors surrounding the businesses of the Company and theGroup.

- 5 -2. Condensed Interim Consolidated Financial Statements and Primary Notes(1) Condensed Interim Consolidated Statements of Financial Position(Millions of yen)
As of December 31, 2023

As of June 30, 2024

AssetsCurrent assets
Cash and cash equivalents

90,25175,861

Trade and other receivables

215,970

206,875

Other financial assets
Inventories
Other current assets

2,896
262,456
51,3682,110
304,523
58,083

Subtotal

622,941

647,452

1,778-

624,719

647,452

Tangible assets
Goodwill
Intangible assets

451,62129,70450,332

498,11333,06556,845Investments accounted for using equity method
Other financial assets
Net defined benefit asset

4,486
33,05653,474

4,473
40,88954,674

Deferred tax assets

17,357

19,035

Other non-current assets

1,983

1,141

Total non-current assets

642,013708,235

1,266,732

1,355,687

Assets related to disposal groups classified asheld for sale
Total current assets
Non-current assets

Total assets- 6 -(Millions of yen)
As of December 31, 2023

As of June 30, 2024

Liabilities and equity
Liabilities
Current liabilities
Bonds and loans payable
Trade and other payables

61,209
175,844

44,321
182,383

Other financial liabilities
Income tax payable
Provisions

16,542
17,4502,235

16,777
16,684
1,679

Other current liabilities

56,271

56,706

Subtotal

329,551

318,550

1,538-

331,089

318,550

Bonds and loans payable

184,166

185,308

Other financial liabilities

52,13975,636

Net defined benefit liability
Provisions

23,027
1,431

24,700
1,285

Deferred tax liabilities

12,21911,721Other non-current liabilities

21,23122,093

Total non-current liabilities

294,213

320,743625,302639,293

Capital stock

42,65842,658

Capital surplus

39,702

39,830Retained earnings

522,716

547,516

Treasury stock
Other components of equity(43)
19,081(25)
67,435

Total equity attributable to owners of parent

624,114

697,414

Non-controlling interest

17,31618,980Total equity

641,430

716,394

1,266,732

1,355,687

Liabilities related to disposal groups
classified as held for sale
Total current liabilities
Non-current liabilities

Total liabilities
EquityTotal liabilities and equity- 7 -(2) Condensed Interim Consolidated Statements of Income and Comprehensive Income
Condensed Interim Consolidated Statements of Income(Millions of yen)
For the six months ended
June 30, 2023

For the six months ended
June 30, 2024

Sales revenue

561,161

587,041

Cost of sales(424,769)(410,282)

Gross profit

136,392

176,759

Selling, general and administrative expenses(119,312)(134,465)

Business profit

17,08042,294

Other income

1,397

2,320

Other expenses(1,667)(2,663)Operating profit

16,81041,951

Financial income

5,699(3,561)

15,781(4,134)(30)(9)

Profit before tax

18,91853,589

Income tax expenses(11,349)(12,444)

7,569

41,145

Owners of parent

8,196

38,729Non-controlling interests

(627)

2,416

Profit7,569

41,14531.16

147.25

Financial expenses
Equity in earnings of affiliates

ProfitProfit attributable to:Profit per share
Basic profit per share (Yen)- 8 -Condensed Interim Consolidated Statements of Comprehensive Income(Millions of yen)
For the six months ended
June 30, 2023

For the six months ended
June 30, 2024

7,569

41,145

2,804

2,644

16

10

37,28847,803

40,10850,45747,67791,602

Owners of parent
Non-controlling interests

47,510167

87,094
4,508

Comprehensive income

47,67791,602

ProfitOther comprehensive income
Items that will not be reclassified to profit or loss
Financial assets measured at fair value throughother comprehensive income
Items that may be reclassified subsequently to

profit or loss
Cash flow hedges
Currency translation differences of foreign
operations
Other comprehensive income, net of tax
Comprehensive income
Comprehensive income attributable to:- 9 -(3) Condensed Interim Consolidated Statements of Changes in Equity
For the six months ended June 30, 2023
(Millions of yen)
Equity attributable to owners of parent
Other components of equity
Capitalstock

Balance as of January 1, 2023

Capitalsurplus42,658Retainedearnings

39,705

ProfitTreasury stock

478,379

(61)

-

-

8,196

-

Purchase of treasury stock(0)

Dividends

27

36,49416

36,49416

0(3,945)

Share-based payment transactions

(7)

21

Transfer to retained earnings

40

Transfer to capital surplus

7

Other
Balance as of June 30, 2023

(25,144)(1)

Disposal of treasury stock

Total transactions with owners

Cash flow
hedges8,196

Other comprehensive income
Total comprehensive income

Currencytranslationdifferences offoreign
operations

(7)

(3)

126

-

(3)

(3,786)20--

42,65839,702482,789(41)

11,35043

Equity attributable to owners of parent
Other components of equity
Financialassetsmeasured at Remeasurements
fair valueof defined
through otherbenefit plancomprehensive
incomeBalance as of January 1, 2023

10,636-

ProfitOther comprehensive income
Total comprehensive income

2,804
-

Total

Total
Equity(14,481)546,200

17,663563,863

-

8,196

(627)

7,569

39,31439,314794

40,108167

47,67739,31447,510Purchase of treasury stock

-

(1)

(1)

Disposal of treasury stock

-

0

0

Dividends-(3,945)

Share-based payment transactions

-

14

14

(40)

-

-

-

-

-

Transfer to retained earnings

2,804

Non-controllinginterests

Total

(40)

Transfer to capital surplus
Other
Total transactions with owners
Balance as of June 30, 2023

(2,850)(6,795)

-

123

(4)

119

(40)

-

(40)

(3,809)(2,854)(6,663)

13,400-24,793589,901

14,976604,877- 10 -

For the six months ended June 30, 2024
(Millions of yen)
Equity attributable to owners of parent
Other components of equity
Capitalstock

Balance as of January 1, 2024

Capitalsurplus42,658Retainedearnings

39,702

ProfitCurrencytranslationdifferences offoreign
operations

Treasury stock

522,716(43)

Cash flow
hedges

10,201(4)

43,81010

43,81010

38,729Other comprehensive income
Total comprehensive income--

38,729-Purchase of treasury stock(3)

Disposal of treasury stock
Dividends(13,940)

Share-based payment transactions

2

21

Transfer to retained earnings

11

Transfer to capital surplus
Other

126

Total transactions with owners
Balance as of June 30, 2024-

128

(13,929)18--

42,65839,830547,516(25)

54,011

6

Equity attributable to owners of parent
Other components of equity
Financial
Otherassetscomponents ofmeasured at Remeasureme
equity relating
fair value
nts
to disposal
through other of definedgroupscomprehensiv benefit planclassified aseheld for sale
incomeTotal

Noncontrollinginterests

Total
Equity19,081

624,114

17,316

641,430-

38,7292,416

41,1451,900

48,36548,3652,092

50,4571,900

48,36587,094

4,508

91,602

Purchase of treasury stock-(3)

Disposal of treasury stock--

Dividends-(13,940)

Share-based payment transactions

-

23

23

(11)

-

-

Balance as of January 1, 2024

10,784-(1,900)

ProfitOther comprehensive income
Total comprehensive income

Transfer to retained earnings

2,645
2,645

-

(11)

Total

(3)
(2,718)(16,658)

Transfer to capital surplus

-

-

Other

-

126

(126)

-

Total transactions with owners
Balance as of June 30, 2024

-

(11)

-

-

(11)

(13,794)(2,844)(16,638)

13,418--67,435

697,414

18,980716,394- 11 -

(4) Condensed Interim Consolidated Statements of Cash Flows(Millions of yen)
For the six months ended
June 30, 2023

For the six months ended
June 30, 2024

18,91838,375(1,632)
2,829

53,58941,635(2,120)
3,572

30

9

17,995
12,600(25,053)
2,853
66,915
1,325
422(2,799)(9,996)55,867(22,303)23,084
107(21,190)
76,383
1,617
481(3,530)(15,488)
59,463(31,549)
268(4,325)3,125(32,481)(27,141)270(6,882)(2,596)(36,349)

7,669

16,297

7,221-(28,917)(35,000)(7,728)(3,949)(2,850)(3)(28,557)(8,514)(13,932)(2,718)(2)(43,869)

5,517

6,365

346

(14,390)

73,84690,251

74,19275,861

Cash flows from operating activities
Profit before tax
Depreciation and amortization
Interest and dividends income
Interest expenses
Share of (profit) loss of entities accounted for using
equity method
Decrease (increase) in inventories
Decrease (increase) in trade and other receivables
Increase (decrease) in trade and other payables
Other, net
SubtotalInterest received
Dividend income received
Interest expenses paid
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of tangible assets
Proceeds from sales of tangible assets
Purchase of intangible assets
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Net increase (decrease) in short-term loans payable
Proceeds from long-term debt and newly issued
bonds
Repayments of long-term debt and redemption of
bonds
Repayments of lease obligations
Cash dividends paid
Cash dividends paid to non-controlling interests
Other, net
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash
equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at the beginning of current
periodCash and cash equivalents at the end of current period- 12 -

(5) Notes on Condensed Interim Consolidated Financial Statements(Notes on Going Concern Assumption)
None(Segment Information)
1. Information by reportable segment
Reportable segments of the Group are the units for which separate financial information is available andperiodically reviewed by the Board of Directors as the highest decision-making body for the purposes ofdeciding the allocation of management resources and evaluating business performance.
The Group has three divisions based on operations in Tires, Sports and Industrial and Other Products.
Each division formulates comprehensive strategies for both domestic and overseas markets and develops
business activities.
Therefore, the Group identifies “Tires”, “Sports”, and “Industrial and Other Products” as reportablesegments.
Major products and services or details of business that belong to each reportable segment are as follows:
Reportablesegment
Tires

SportsIndustrial
and Other
Products

Major products and services or details of business
Tires and tubes (for automobiles, construction vehicles, industrial vehicles, automotive
races and rallies, motorcycles, etc.)
Automotive system business (instant mobility systems, deflation warning systems, etc.)
Sporting goods (golf clubs, golf balls and other golf goods, tennis goods, etc.)
Operation of golf tournaments
Operation of golf and tennis schools
Fitness business, and others
High-performance rubber products (vibration control dampers, rubber parts for officeequipment, rubber parts for medical applications, etc.)
Daily life supplies (rubber gloves for cooking and other operations, ramps for wheelchairuse, etc.)
Products for infrastructure (marine dock fenders, flooring materials for factories andsports facilities, etc.)- 13 -

2. Reportable segment sales revenues and profit or loss
Inter-segment sales revenues are stated at wholesale prices based on current market values.
Figures for reportable segment are based on business profit.
Information about reportable segment sales revenues and profit or loss is as follows.

For the six months ended June 30, 2023 (January 1, 2023 to June 30, 2023)
Reportable segment

Tires
Sales revenue fromexternal customers
Inter-segment sales
revenue
Total
Segment profit(Business profit) (Note 1)
Other income andexpenses

Industrial and
Other
Products

Sports

Total(Millions of yen)Amounts
recorded in
Condensed
Adjustments
Interim(Note 2)
Consolidated
Statements ofIncome471,076

68,14921,936561,161-

561,161

465

73

627

1,165

(1,165)-471,541

68,222

22,563562,326(1,165)561,161

9,759

6,435

868

17,062

18

17,080(270)

Operating profit

16,810(Notes)
1. “Segment profit (Business profit)” is “Sales revenue” subtracted by “Cost of sales” and “Selling, generaland administrative expenses.”
2. Segment profit included in “Adjustment” comprised elimination of inter-segment transactions.

For the six months ended June 30, 2024 (January 1, 2024 to June 30, 2024)
Reportable segment

Tires
Sales revenue fromexternal customers
Inter-segment sales
revenue
Total
Segment profit(Business profit) (Note 1)
Other income andexpenses

Industrial and
Other
Products

Sports

Total(Millions of yen)Amounts
recorded in
Condensed
Adjustments
Interim(Note 2)
Consolidated
Statements ofIncome496,11371,573

19,355587,041-

587,041

597

65

669

1,331

(1,331)-

496,710

71,63820,024

588,372(1,331)

587,041

34,009

6,966

1,297

42,272

22

42,294(343)

Operating profit

41,951(Notes)
1. “Segment profit (Business profit)” is “Sales revenue” subtracted by “Cost of sales” and “Selling, generaland administrative expenses.”
2. Segment profit included in “Adjustment” comprised elimination of inter-segment transactions.

- 14 -

(Significant Subsequent Events)
None- 15 -