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Tire maker (Dunlop brand outside Japan) that also makes golf equipment under Srixon and Dunlop Sports.
Tire maker (Dunlop brand outside Japan) that also makes golf equipment under Srixon and Dunlop Sports.
Earns mainly from tires, sold to carmakers for new vehicles and, typically at better margins, as replacements through dealers; natural rubber and oil-based materials set its costs. The Dunlop and Falken brands carry the tires, while the sports division, covering golf and tennis equipment, is a smaller counterweight.
In one line: A Japanese Goodyear with a golf-equipment side business.
Moat: narrow (brand, scale, distribution). Global Dunlop tire brand rights plus a leading golf equipment brand portfolio.
Headquarters: Kobe, Japan · Founded: 1909 · Employees: 37,671
Size Sumitomo Rubber Industries (5110.T) is a Japan Consumer Discretionary company (Automotive Aftermarket) with a market value of $3.40B, the 332nd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,040 on 6 Nov 2026.
Performance Over six months the shares gained 1.0%, against -0.8% for the median peer and +1.8% for the Japan market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue grew 4.8% over the last twelve months (peer median +6.1%); the operating margin is 8.2% (peer median 8.4%).
Valuation It trades at 9.8× forward earnings against a peer median of 16.6× (6th cheapest of 19).
Price implies For today's price to make sense, revenue must grow about -3% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is -12 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.2 points below its cost of capital (7.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥1.25T | ¥1.21T | ¥1.21T | ¥1.18T | ¥1.10T |
| Revenue growth | — | 0% | +3% | +7% | — |
| Gross profit | ¥396B | ¥368B | ¥358B | ¥327B | ¥253B |
| EBITDA | ¥186B | ¥169B | ¥171B | ¥156B | ¥97.3B |
| Net income | ¥61.9B | ¥50.4B | ¥9.87B | ¥37.0B | ¥9.41B |
| Free cash flow | ¥46.8B | ¥91.5B | ¥47.5B | ¥107B | -¥39.5B |
| Capital expenditure | ¥90.4B | ¥179B | ¥72.2B | ¥72.3B | ¥74.9B |
| Total debt | ¥348B | ¥407B | ¥331B | ¥311B | ¥373B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Sumitomo Rubber Industries 5110.T | $3.40B | +1% | +5% | 8% | 9.8× | -3.3% |
| Bridgestone 5108.T | $31.7B | +28% | +6% | 12% | 14.0× | -1.9% |
| Goodyear Tire & Rubber GT | $1.26B | -33% | -4% | 3% | n/a | 5.9% |
| Toyo Tire 5105.T | $3.17B | +6% | +4% | 15% | 8.2× | -7.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 5110.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.3% | +0.9% | 11th highest of 21 |
| 6-month return | +1.0% | -0.8% | 11th highest of 21 |
| Distance from 52-week high | -27.1% | -22.3% | 10th lowest of 21 |
| Revenue growth (TTM) | +4.8% | +6.1% | 11th highest of 21 |
| Operating margin | 8.2% | 8.4% | 10th lowest of 21 |
| Forward P/E | 9.8× | 16.6× | 6th cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | -3.3% | 0.9% | 5th least demanding of 17 |
| Growth delivered (Del g) | +8.8% | +10.1% | 8th lowest of 17 |
| Hurdle (Req g minus delivered) | -12.1 pp | -7.3 pp | 3rd least demanding of 17 |
| ROIC minus cost of capital | -0.2 pp | -0.8 pp | 10th highest of 21 |
| EV / EBITDA | 4.3× | 7.7× | 3rd cheapest of 13 |
| Net debt / EBITDA | 1.3× | 1.4× | 7th least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sumitomo Rubber Industries 5110.T | Japan | $3.40B | +1% | +5% | 8% | 9.8× | -3.3% | +8.8% |
| Toyo Tire 5105.T | Japan | $3.17B | +6% | +4% | 15% | 8.2× | -7.3% | +11.6% |
| Cheng Shin Rubber Ind 2105.TW | Taiwan | $2.95B | -3% | -1% | 9% | 20.3× | -9.3% | -1.2% |
| Dorman Products DORM | United States | $4.03B | +10% | +2% | 16% | 15.8× | 4.3% | +14.3% |
| Apollo Tyres APOLLOTYRE.NS | India | $2.80B | +1% | +14% | 8% | 16.6× | 15.6% | +10.7% |
| Zhongce Rubber Group Co., Ltd. A 603049.SS | China | $2.70B | -19% | +14% | 8% | 9.7× | n/a | n/a |
| Qingdao Sentury Tire 002984.SZ | China | $2.62B | -25% | +2% | 8% | 16.7× | 3.4% | +12.8% |
| Balkrishna Industries BALKRISIND.NS | India | $4.93B | +7% | +20% | 15% | 30.5× | n/a | n/a |
| Shandong Linglong Tyre 601966.SS | China | $2.32B | -19% | +8% | 3% | 50.3× | -0.4% | +6.0% |
| LKQ LKQ | United States | $5.06B | -31% | -3% | 7% | 9.3× | 0.0% | +3.3% |
| Nokian Renkaat TYRES.HE | Finland | $2.21B | +37% | +5% | 6% | 27.4× | 19.4% | +0.9% |
| Hankook Tire & Technology 161390.KS | South Korea | $5.56B | +5% | +43% | 10% | 6.1× | -13.2% | +26.9% |
| MRF MRF.NS | India | $5.62B | -4% | +11% | 10% | 25.7× | 20.7% | +14.0% |
| Sailun 601058.SS | China | $5.92B | -10% | +12% | 12% | 10.4× | n/a | n/a |
| Haian Rubber 001233.SZ | China | $1.82B | +9% | -4% | 23% | 25.6× | 1.8% | +13.7% |
| Yokohama Rubber 5101.T | Japan | $6.78B | +8% | +13% | 15% | 8.1× | n/a | n/a |
| CEAT CEATLTD.NS | India | $1.52B | +6% | +24% | 7% | 31.0× | 24.9% | +15.5% |
| Qingdao Doublestar 000599.SZ | China | $1.45B | -34% | +390% | 8% | n/a | -2.9% | +1.0% |
| Pirelli & C PIRC.MI | Italy | $8.27B | +10% | -1% | -9% | 13.3× | -2.4% | +9.5% |
| Triangle Tyre 601163.SS | China | $1.38B | -21% | +2% | 5% | 18.2× | -7.2% | +2.9% |
| Goodyear Tire & Rubber GT | United States | $1.26B | -33% | -4% | 3% | n/a | 5.9% | +8.2% |