Sumitomo Electric Industries (5802) Q1 2026 earnings summary

Executive summary

• Achieved record-high first quarter profit, driven by strong performance in Automotive and Infocommunications segments.

• Net sales rose 2.9% year-over-year to ¥1,148,436 million for the quarter ended June 30, 2025.

• Operating profit increased 13.2% year-over-year to ¥60,301 million.

• Profit attributable to owners of parent grew 10.6% year-over-year to ¥35,119 million.

• Upward revision of full-year forecasts due to solid 1Q results and changes in U.S. tariff situation.

Financial highlights

• Net sales rose to ¥1,148.4bn, up ¥32.9bn year-over-year for 1Q FY2025.

• Operating profit increased to ¥60.3bn, up ¥7.0bn year-over-year.

• Ordinary income grew to ¥61.8bn, up ¥3.0bn year-over-year.

• Gross profit increased to ¥206,918 million from ¥190,777 million year-over-year.

• Comprehensive income dropped sharply to ¥34,113 million from ¥160,580 million year-over-year, mainly due to negative foreign currency translation adjustments.

Outlook and guidance

• FY2025 annual net sales forecast revised upward to ¥4,600bn; operating profit to ¥295bn.

• Dividend forecast raised to ¥100/share for FY2025.

• Profit attributable to owners of parent is expected to rise 5.8% to ¥205,000 million.

• Basic earnings per share forecast for the full year is ¥262.85.

• Upward revision reflects strong 1Q and reduced U.S. tariff impact.