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Sumitomo Electric, Ordinary Profit Forecast for First Half Revised Upward to an Unexpected 4% Increase, Raises Record High Profit, Full Year also Increased

Thu Jul 31, 2025 3:00 pm JST Earnings

5802 Sumitomo Electric Industries, Ltd. 【J-GAAP】

Earnings Report

Sumitomo Electric Industries, Ltd. <5802> [TSE Prime] announced its financial results in the afternoon session on July 31st (15:00). The consolidated ordinary profit for the first quarter of the fiscal year ending March 2026 (April to June) increased 5.2% from the same period last year, reaching 61.8 billion yen.

In addition, the April to September period (first half) consolidated ordinary profit has been revised upward 38.5%, from the previous forecast of 91.0 billion yen to 126 billion yen (compared to 121 billion yen in the same period of the previous year), record profits reach two consecutive terms, turning to a 3.5% increase in the consolidated ordinary profit outlook.

Following the strong performance in the first half, the full-year forecast for consolidated ordinary profit has been revised upward 8.6%, from the previous forecast of 280 billion yen to 304 billion yen (compared to 309 billion yen in the previous period), and the declining rate is expected to decrease from 9.5% to 1.8%.

In the most recent three-month period, from April to June (1Q), the operating profit margin improved from 4.8% in the same period last year to 5.3%.

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Actual Results

Accumulated Results 1st Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Jun, 2023 994,123 18,936 17,148 1,928 2.5 28.2 Aug 2, 2023 J-GAAP
Apr - Jun, 2024 1,115,547 53,285 58,793 31,763 40.7 48.3 Aug 1, 2024 J-GAAP
Apr - Jun, 2025 1,148,436 60,301 61,837 35,119 45.0 49.1 Jul 31, 2025 J-GAAP
YoY +2.9% +13.2% +5.2% +10.6% +10.6%

Guidance Update

First Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Prev 2,170,000 91,000 91,000 45,000 57.7 50 May 13, 2025 J-GAAP
Apr - Sep, 2025 New 2,260,000 123,000 126,000 75,000 96.2 50 Jul 31, 2025 J-GAAP
Revision Rate +4.1% +35.2% +38.5% +66.7% +66.7%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 4,500,000 275,000 280,000 190,000 243.6 100 May 13, 2025 J-GAAP
Mar, 2026 New 4,600,000 295,000 304,000 205,000 262.9 100 Jul 31, 2025 J-GAAP
Revision Rate +2.2% +7.3% +8.6% +7.9% +7.9%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 2,247,778 119,315 121,704 75,755 97.1 36 Nov 1, 2024 J-GAAP
Apr - Sep, 2025 Guidance 2,260,000 123,000 126,000 75,000 96.2 50 Jul 31, 2025 J-GAAP
YoY +0.5% +3.1% +3.5% -1.0% -1.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 4,402,814 226,618 215,341 149,723 192.0 77 May 10, 2024 J-GAAP
Mar, 2025 4,679,789 320,663 309,496 193,771 248.5 97 May 13, 2025 J-GAAP
Mar, 2026 Guidance 4,600,000 295,000 304,000 205,000 262.9 100 Jul 31, 2025 J-GAAP
YoY -1.7% -8.0% -1.8% +5.8% +5.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Apr - Jun, 2024 1,115,547 53,285 58,793 31,763 40.7 4.8 Aug 1, 2024 J-GAAP
Jul - Sep, 2024 1,132,231 66,030 62,911 43,992 56.4 5.8 Nov 1, 2024 J-GAAP
Oct - Dec, 2024 1,193,461 87,524 76,255 37,929 48.6 7.3 Feb 4, 2025 J-GAAP
Jan - Mar, 2025 1,238,550 113,824 111,537 80,087 102.7 9.2 May 13, 2025 J-GAAP
Apr - Jun, 2025 1,148,436 60,301 61,837 35,119 45.0 5.3 Jul 31, 2025 J-GAAP
YoY +2.9% +13.2% +5.2% +10.6% +10.6%

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