The latest update is out from Sumitomo Rubber Industries ( (JP:5110) ).
Sumitomo Rubber Industries has completed the acquisition of the DUNLOP trademark and related rights for four-wheel vehicles in Europe, North America, and Oceania from Goodyear. This acquisition, valued at 631 million US dollars, is part of Sumitomo’s strategy to maximize the DUNLOP brand’s value and achieve its long-term corporate goals under the R.I.S.E. 2035 strategy. The company is assessing the acquisition’s impact on its financial results for the fiscal year ending December 2025.
More about Sumitomo Rubber Industries
Sumitomo Rubber Industries, Ltd. operates in the tire and rubber industry, focusing on manufacturing and selling tires for various vehicles. The company is known for its DUNLOP brand and aims to enhance its global brand management through strategic acquisitions and long-term corporate strategies.
Average Trading Volume: 1,989,875
Technical Sentiment Signal: Buy
Current Market Cap: Yen487.3B
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