Sumitomo Electric Industries (5802) Q3 2026 earnings summary

Executive summary

• Achieved record-high net sales, operating profit, ordinary income, and profit attributable to owners of the parent for both the third quarter and nine-month cumulative period of FY2025 compared to the same periods last year.

• Net sales for the nine months ended December 31, 2025, rose 7.1% year-over-year to ¥3,686,897 million, with operating profit up 31.0% and profit attributable to owners of parent up 55.9%.

• Comprehensive income increased 71.8% year-over-year to ¥335,550 million.

• Upward revision of full-year forecasts, targeting new record highs in key financial metrics.

Financial highlights

• Nine-month net sales rose to ¥3,686.9bn (+¥245.7bn year-over-year), operating profit reached ¥271.0bn (+¥64.2bn), and profit attributable to owners of the parent was ¥177.2bn (+¥63.5bn).

• Third quarter net sales were ¥1,313.4bn (+¥120.0bn year-over-year), operating profit ¥118.0bn (+¥30.5bn), and profit attributable to owners of the parent ¥79.3bn (+¥41.3bn).

• Ordinary profit grew 39.7% to ¥276,459 million.

• Basic earnings per share increased to ¥227.22 from ¥145.77 year-over-year.

• Gross profit for the period was ¥721,603 million, up from ¥624,319 million.

Outlook and guidance

• FY2025 revised annual plan projects net sales of ¥4,900.0bn, operating profit of ¥375.0bn, and profit attributable to owners of the parent of ¥320.0bn, incorporating a one-time gain from the sale of Sumitomo Densetsu (~¥70bn).

• Full-year net sales forecast for fiscal year ending March 31, 2026, is ¥4,900,000 million, a 4.7% increase year-over-year.

• Dividend forecast remains at ¥118/share, with payout ratio based on ordinary operations, excluding capital gains.