Sumitomo Electric Industries : 1st Quarter of FY2022
August 03, 2022 at 02:12 am EDT
Share
Supplementary Sheet
for the 1st Quarter of FY2022
August 3, 2022
1. FY2022/1Q Results (PL)
FY2021
FY2022
Growth
FY2022
1H Plan
bn
1Q ①
1Q ➁
➁ー①
(announced in
May, 2022)
Net Sales
787.7
877.1
+89.4
1,800.0
Operating Profit
29.0
19.0
(10.0)
45.0
Share of profit of investments
7.8
5.5
(2.3)
accounted for using equitymethod
5.0
0.7
2.0
+1.3
Other Non-Operating Income/Expenses
Ordinary Income
37.5
26.5
(11.0)
50.0
Extraodinary Income or Loss
(0.6)
6.5
+7.2
Profit before Income Taxes
36.9
33.0
(3.9)
Taxes and Profit Attributable to
(13.7)
(12.7)
+0.9
Non-Controlling Interests
Profit Attributable to Owners of
23.2
20.3
(2.9)
32.0
the Parent
-2-
2. OP variation factors from FY21/1Q to FY22/1Q
(%):OP Rate
Sales volume
Prices of copper
Depreciation/
increase
and materials
R&D and others
+4.0
(10.0)
(4.0)
Unit price/
Product mix
(10.0)
Logistics
Forex
¥29.0
costs
¥19.0
Shanghai lockdown
impact
bn
(3.0)
bn
(10.0)
+5.0
(3.7%）
(2.2%）
Cost structure
improvement
+8.0
Average rate
Cupper price
21/1Q
22/1Q
21/1Q
22/1Q
USD
109.52
129.73
1104k/t
1286k/t
EUR
131.94
138.26
FY2021/1Q
FY2022/1Q
-3-
3. Sales and OP by segment
FY2021
FY2022
Growth
FY2022
1H Plan
1Q ①
1Q ➁
➁－①
(announced in
May, 2022)
￥bn
Sales
OP
Sales
OP
Sales
OP
Sales
OP
Automotive
426.6
6.7
461.0
(5.4)
+34.4
(12.1)
980.0
0.0
Infocommunications
55.7
4.7
59.7
6.2
+3.9
+1.5
120.0
10.0
Electronics
68.1
3.1
76.7
4.6
+8.6
+1.5
160.0
12.0
Environment
176.4
9.3
210.2
6.3
+33.9
(3.1)
420.0
11.0
and Energy
Industrial Materials
79.6
5.1
91.3
7.7
+11.6
+2.5
170.0
12.0
and Others
Total
787.7
29.0
877.1
19.0
+89.4
(10.0)
1,800.0
45.0
※Differences between the aggregate of all segments and Total are consolidated eliminations.
-4-
Left：Sales Right：OP（¥bn）
4. OP variation factors and performance trends by segment
Automotive
【OP】22/1Q : (5.4) billion yen ((12.1) billion yen from 21/1Q)
（－）Reduction in sales volume of Wiring Harnesses and Sumitomo Riko
（－）Increase in material and ocean freight costs
（＋）Forex impact
Orders for harnesses were low in April and May due to a decline in automobile production in Japan and China caused by the Shanghai lockdown, but have been on a recovery track since June.
Harness order volume *Indexed with 21/1Q as 100
110
105
100
Plan
105
100
FY21
92
Actual
Negotiations are ongoing with customers regarding material and ocean freight costs.
96
FY22 90
85
21/1Q
22/1Q
Apr.
May
June
-5-
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Sumitomo Electric Industries Ltd. published this content on 03 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2022 06:11:01 UTC.
Sumitomo Electric Industries, Ltd. is one of the world's leaders of electric wires and cables, and fiber optic manufacturing. Net sales (including intragroup) break down by sectors of activity as follows:
- automotive (54.8%): cable beams, rubber anti-vibration products, etc.;
- energy and environment (21.1%): copper electric wires, electric cables, magnet wires, power cables, etc.;
- electronic (7.8%): electronic wires, semiconductors components, electronic components, printed circuit boards, etc.;
- information and communication (7.5%): fiber optic cables, optic components, network cabling systems, etc.;
- others (8.8%): primarily steel special wires.
Net sales break down geographically as follows: Japan (42.7%), China (19.7%), Asia (10.7%), the United States (11.8%), the Americas (4.2%) and other (10.9%).
SUMITOMO ELECTRIC INDUSTRIES, LTD. 
