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Sumitomo Electric raises FY2026 operating profit forecast to JPY 450 billion

PUBT·07/31/2026 06:35:03
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Sumitomo Electric raises FY2026 operating profit forecast to JPY 450 billion
  • Sumitomo Electric raised FY2026 guidance, projecting net sales JPY 5.4 trillion, operating profit JPY 450 billion, ordinary income JPY 460 billion.
  • Profit attributable to owners forecast at JPY 340 billion, lifted from the prior plan of JPY 320 billion.
  • Revision followed 1Q results of net sales JPY 1.33 trillion, operating profit JPY 97.1 billion, ordinary income JPY 103 billion.
  • New 1H targets set at net sales JPY 2.64 trillion, operating profit JPY 195 billion, ordinary income JPY 201 billion.
  • Outlook assumes USD JPY 151, EUR JPY 175, copper JPY 1,695,000 per ton, despite a Middle East hit of JPY 23 billion to full-year operating profit.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sumitomo Electric Industries Ltd. published the original content used to generate this news brief on July 31, 2026, and is solely responsible for the information contained therein.