Sumitomo Electric Industries (5802) Q2 2025 earnings summary

Executive summary

• Net sales for FY2024 1H reached ¥2,247.8bn, up 12.2% year-over-year, with operating profit at ¥119.3bn, a 77% increase from the previous year.

• Profit attributable to owners of the parent rose to ¥75.8bn, up ¥49.1bn year-over-year.

• Comprehensive income for the period was ¥144.2bn, down 5.4% year-over-year.

• Growth driven by higher sales volumes, cost structure improvements, and favorable forex impacts.

Financial highlights

• Operating profit margin improved to 5.3% in FY2024 1H from 3.2% in FY2023 1H.

• Ordinary income increased to ¥121.7bn, up ¥60.9bn year-over-year.

• Free cash flow for 1H was ¥51.4bn, down ¥75.4bn from the previous year.

• Total assets rose to ¥4,454.8bn, with net assets at ¥2,528.7bn as of FY2024 1H end.

• Basic earnings per share rose to ¥97.14 from ¥34.23 year-over-year.

Outlook and guidance

• FY2024 revised plan projects net sales of ¥4,550bn and operating profit of ¥260bn, both up from FY2023.

• Profit attributable to owners of the parent forecasted at ¥150bn, with a dividend of ¥77/share.

• Operating profit margin expected to rise to 5.7% for FY2024.

• Basic earnings per share for the full year is forecast at ¥192.34.