Sumitomo Electric, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 10%, Raises Record High Profit Forecast

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Tue Feb 3, 2026 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 February 3rd (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) expanded 276 billion yen, an increase 39.7% compared to the same period last year.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 10.1%, from the previous forecast of 346 billion yen to 381 billion yen (compared to 309 billion yen in the previous period), increasing the growth rate from 11.8% to 23.1%, further surpassing the previous forecast of record-high profits for three consecutive terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (second half) is expected to increase 18.4%, from the previous forecast of 190 billion yen to 225 billion yen (compared to 187 billion yen in the same period of the previous year), increasing the growth rate from 1.4% to 20.1%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 58.6% from the same period last year, reaching 120 billion yen. The operating profit margin improved from 7.3% in the same period last year to 9.0%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Dec, 2023	3,221,926	148,332	139,441	77,192	99.0	64.8	Feb 5, 2024	J-GAAP
Apr - Dec, 2024	3,441,239	206,839	197,959	113,684	145.8	64.0	Feb 4, 2025	J-GAAP
Apr - Dec, 2025	3,686,897	271,045	276,459	177,214	227.2	72.6	Feb 3, 2026	J-GAAP
YoY	+7.1%	+31.0%	+39.7%	+55.9%	+55.9%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2025 Prev	2,376,539	186,979	190,484	132,062	169.3	68	Oct 31, 2025	J-GAAP
Oct - Mar, 2025 New	2,526,539	221,979	225,484	222,062	284.7	68	Feb 3, 2026	J-GAAP
Revision Rate	+6.3%	+18.7%	+18.4%	+68.1%	+68.2%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2026 Prev	4,750,000	340,000	346,000	230,000	294.9	118	Oct 31, 2025	J-GAAP
Mar, 2026 New	4,900,000	375,000	381,000	320,000	410.3	118	Feb 3, 2026	J-GAAP
Revision Rate	+3.2%	+10.3%	+10.1%	+39.1%	+39.1%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2024	2,432,011	201,348	187,792	118,016	151.3	61	May 13, 2025	J-GAAP
Oct - Mar, 2025 Guidance	2,526,539	221,979	225,484	222,062	284.7	68	Feb 3, 2026	J-GAAP
YoY	+3.9%	+10.2%	+20.1%	+88.2%	+88.2%

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	4,900,000	375,000	381,000	320,000	410.3	118	Feb 3, 2026	J-GAAP
YoY	+4.7%	+16.9%	+23.1%	+65.1%	+65.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
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
Jul - Sep, 2025	1,225,025	92,720	93,679	62,819	80.5	7.6	Oct 31, 2025	J-GAAP
Oct - Dec, 2025	1,313,436	118,024	120,943	79,276	101.7	9.0	Feb 3, 2026	J-GAAP
YoY	+10.1%	+34.8%	+58.6%	+109.0%	+109.0%