Revenues at Sumitomo Rubber’s sports segment fell 45% to ¥12,478 million ($116.0 mm) in Q2, from ¥22,770 million last year, and operating loss was ¥2,505 million ($23.3 mm) against a profit of ¥1,945 million. Dunlop estimates that ¥7.9 billion of the sales shortfall was due to the Covid-19 pandemic, as global demand for golf and tennis equipment vanished, and virtually all events and tournaments were cancelled. Its sports club business in Japan was also ... Log in to view full article.