Creating Value throughout the Sumitomo Rubber GroupThe Growth Track
Over the more than 110 years since our founding, we have leveraged our proprietary rubber technology as a tire maker
to expand our field of business into sports and industrial products, thereby helping to achieve a sustainable society.

Founding Period1888 J ohn Boyd Dunlop commercialized the world’s
first pneumatic tire
1909 C ommenced operation of the Kobe Factory
U.K.-based Dunlop Rubber Company established and began operating Japan’s first modernrubber factory

1963 – 1986
In 1963, Sumitomo assumed management of the Company and changed its name to Sumitomo
Rubber Industries, Ltd. In 1981, the Company entered into a full business tie-up with The Ohtsu Tire &Rubber Co., Ltd. , a precursor of the FALKEN brand. (The Company merged with The Ohtsu Tire &Rubber Co., Ltd. in 2003 .)In 1983, the Company acquired a European tire business from U.K.-based Dunlop Rubber Company
and, in 1984, acquired six plants in the U.K., Germany and France as well as Dunlop Tire Technical
In 1986, the Company acquired Dunlop Tire Corporation in the U.S.A., becoming
Division in the U.K.
the global owner of the Dunlop brand.

1999 – 20152017 – PresentIn 1999, the Company formed an alliance in theTire Business with The Goodyear Tire & Rubber
Company in the U.S.A. This alliance led to thecreation of a joint venture structure under which
the manufacture and sale of Dunlop brand tires
was assumed by the Company in Japan and Asiaand by Goodyear in North America and Europe.
In 2003, the Company spun off the Sports
Business. In 2007, the Company acquired
Cleveland Golf and, in 2014, acquired fitness company Kitz Wellness Co., Ltd. (current Dunlop Sports
Wellness Co., Ltd.). In 2015, the Company acquired
the Switzerland-based Lonstroff AG, which manufactures rubber parts for medical applications,
thereby expanding the Industrial Products Business.
Meanwhile, in 2009 the Company celebrated its
100th anniversary and completed the Tire
Technical Center .
In 2015, the Company dissolved the Tire
Business-related alliance agreement and joint
ventures with The Goodyear Tire & Rubber
Company in the U.S.A.

In 2017, the Company acquired trademark rights
to the Dunlop brand in countries overseas as wellas Dunlop brand sports equipment and licensing
businesses from Sports Direct International plc inthe U.K. In 2018, the Company consolidated theSumitomo Rubber Group’s Sports Businessrelated operations.
In the Tire Business, in 2017, the Company
acquired Micheldever Group, a major tire sales
company in the U.K., stepping up the marketingof FALKEN brand tires.
Following the celebration of the 130th anniversaryof the commercialization of the pneumatic tire in2018 , the Company celebrated the 110th
anniversary of its founding in 2019. To reach thenew growth phase, the Company established“Our Philosophy,” a new corporate philosophy
structure, in 2020.

Fiscal 2022
Sales Revenue¥1,098.7 Billion
Business Profit*
¥22.0 Billion* Business profit = Sales revenue – (Cost of sales +Selling, general and administrative expenses)(Billions of yen)

1,200

COVID-19
crisisGreat EastJapan
Earthquake

Bubbleeconomycollapses

Great
HanshinAwaji
Earthquake

1,000

800

Bankruptcy
of Lehman
Brothers

Asian currency crisis

600

Sales Revenue / Net Sales

400

JGAAP
IFRS
Plaza
Accord1978
Net Sales
¥114.0 Billion
Operating Income¥7.2 Billion

200

Established 1909

01978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997

1998 1999 2000 2001 2002 2003 2004

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
JGAAP2015 2016 2017 2018 2019 2020 2021 2022IFRS

Major Technological Accomplishments and Products Released
1913 Started tire manufacturing, producing the first Japanese-made tire

1966 Started mass-production of Japan’s first radial tire “SP3”1930 Started production of Japan’s first golf and tennis balls

2000 Released first-generation “XXIO” golf clubs and golf balls

1954 Developed Japan’s first tubeless tire2012 Released “MIRAIE” Vibration Control Units for Detached Housing

1964 Started production of golf clubs

9

Integrated Report 2023

2013 Released “ENASAVE 100,” the world’s first* 100% fossil resource-free tire
* Since the use of synthetic rubber became the industry standard (based on Sumitomo
Rubber Industries’ own research)2014 Released “ENASAVE NEXT” tires boasting 50% less rolling resistanceand the coveted “AAA-a” ranking—the highest possible—under Japan’s
tire labeling system

2015 Completed the New Materials Development Technology“ADVANCED 4D NANO DESIGN”
2017 Announced the “SMART TYRE CONCEPT” for tire technology development
2018 Signed an official sponsorship agreement with the Australian Open, oneof the four major tennis tournaments
2019 Released “ENASAVE NEXT III,” the Company’s flagship fuel-efficienttires made using Performance Sustaining Technology based on SMART
TYRE CONCEPT
2020 Released “VEURO VE304,” premium tires boasting the highest levels ofpassenger cabin comfort thanks to superior quietness as well as
long-lasting wet grip performance
2022 Released “e. SPORT MAXX,” Sumitomo Rubber Industries’ first replacement EV tires, in China, where the automobile market is rapidly shifting
toward EVs. This product boasts the highest level of energy efficiency inthe Company’s history.
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