Sumitomo Rubber’s sports division revenues declined 14% to ¥19.9 billion ($180.2 mm) in the final quarter due to lower sales in the home Japanese market, which became increasingly promotional as the year progressed, and operating income was halved to just ¥0.7 billion ($6.3 mm). For the full-year, sales increased 3% to ¥84,477 million ($765.2 mm) from ¥81,734 million. Golf equipment sales of the high-end XXIO 10 clubs, which launched at the end of 2017, were strong in all markets, and Srixon and Cleveland Golf sales also improved in export markets. Dunlop tennis sales were down overall due to weakness in ... Log in to view full article.