Sumitomo Rubber Industries reported that the Dunlop Sports business increased 8.2 percent to ¥97.26 billion in the nine-month year-to-date (YTD) period through September, compared to the corresponding period last year. Business profit reportedly increased 7.8 percent to ¥8.90 billion, compared to ¥8.26 billion in the year-ago period.
For the third quarter, the Sports business was up 3 percent to ¥29.1 billion, after growing 19 percent in Q1 and 3 percent in Q2. Segment business profit was up 20 percent in the third quarter, to ¥2.5 billion.
In the golf goods market, sales revenue exceeded the level of the comparable period last year as the company said it was able to keep strong sales performance primarily in overseas markets such as North America and South Korea thanks to a strong performance of its contract golf players. Still, sales decreased in Japan due to the impact of the second year after the launch of the 12th generation XXIO club.
In the tennis goods markets, sales revenue exceeded the level of the year-ago nine-month period because of the effects such as foreign exchange on sales in overseas markets, although the sales volume was lower than that of the year-ago comparable period mainly due to the influence of the rise in prices.
In the wellness business, sales revenue exceeded last year’s level thanks to the effects of the price increases as well as comprehensive facilities newly opened during the period.
Photo courtesy Dunlop