Sumitomo Rubber Industries Full Year 2024 Earnings: Beats Expectations

Simply Wall St

February 18, 2025

Sumitomo Rubber Industries (TSE:5110) Full Year 2024 Results

Key Financial Results

Revenue: JP¥1.21t (up 2.9% from FY 2023).
Net income: JP¥9.87b (down 73% from FY 2023).
Profit margin: 0.8% (down from 3.1% in FY 2023).
EPS: JP¥37.51 (down from JP¥141 in FY 2023).

revenue-and-expenses-breakdown — TSE:5110 Revenue and Expenses Breakdown February 18th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Sumitomo Rubber Industries Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates.

The primary driver behind last 12 months revenue was the Tires segment contributing a total revenue of JP¥1.05t (86% of total revenue). Notably, cost of sales worth JP¥853.6b amounted to 70% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to JP¥270.3b (78% of total expenses). Explore how 5110's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Auto Components industry in Japan.

Performance of the Japanese Auto Components industry.

The company's shares are down 2.4% from a week ago.

Risk Analysis

Before you take the next step you should know about the 3 warning signs for Sumitomo Rubber Industries that we have uncovered.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.