Sumitomo Electric Raises FY2026 Operating Profit Forecast to ¥500 Billion
Bitget2026/10/30 06:23- Sumitomo Electric on October 30, 2026, raised its FY2026 operating profit forecast to JPY 500 billion from JPY 450 billion.
- Sales are now projected at JPY 5.75 trillion, up from JPY 5.4 trillion.
- Net profit guidance increased to JPY 370 billion from JPY 340 billion, with earnings expected to reach a record high.
- First-half operating profit reached JPY 219.6 billion, exceeding the JPY 195 billion plan.
- Generative AI expansion boosted demand for data-center optical devices and connectors, supporting the infocommunications business.
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