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    5802   JP3407400005

SUMITOMO ELECTRIC INDUSTRIES, LTD.

(5802)
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Delayed Japan Exchange  -  05/20 02:00:00 am EDT
1420.00 JPY   +2.38%
04/21SUMITOMO ELECTRIC INDUSTRIES : Ceremony to Welcome New Staff Members
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Sumitomo Electric Industries : Our Appreciation for Your Support This Year

12/27/2021 | 03:27am EDT

The year has flown by, and we only have a few days left. The business environment surrounding our group this year has been challenging due to negative factors such as soaring raw material and logistics costs. However, our business results for the second quarter of FY2021 showed a significant increase in both sales and profit compared to the previous year, thanks to the recovery of demand, which had dropped significantly in the same period of the previous year due to the impact of the novel coronavirus, in addition to our thorough cost reduction efforts.

Due to the difficult situation in the Automotive business, where our major customers were forced to reduce production one after another due to semiconductor supply shortages, both net sales and profits fell short of the initial forecasts of the fiscal year, resulting in a downward revision of the business forecast. However, the Environment & Energy, Infocommunications, and Electronics businesses are showing steady growth, giving us high expectations for the future.

Once again, I would like to express my deepest gratitude for the tremendous support and cooperation we have received from everyone this year.

There are still concerns about the spread of the Omicron variant. Please take care of your health and have a happy new year.

Disclaimer

Sumitomo Electric Industries Ltd. published this content on 27 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 December 2021 08:26:08 UTC.


© Publicnow 2021
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Analyst Recommendations on SUMITOMO ELECTRIC INDUSTRIES, LTD.
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Financials
Sales 2022 3 321 B 25 976 M 25 976 M
Net income 2022 83 019 M 649 M 649 M
Net Debt 2022 522 B 4 079 M 4 079 M
P/E ratio 2022 13,3x
Yield 2022 3,52%
Capitalization 1 107 B 8 661 M 8 661 M
EV / Sales 2022 0,49x
EV / Sales 2023 0,44x
Nbr of Employees 286 784
Free-Float 93,8%
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Technical analysis trends SUMITOMO ELECTRIC INDUSTRIES, LTD.
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Income Statement Evolution
Consensus
Sell
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Mean consensus BUY
Number of Analysts 9
Last Close Price 1 420,00 JPY
Average target price 1 750,00 JPY
Spread / Average Target 23,2%
EPS Revisions
Managers and Directors
Osamu Inoue Manager-Automobile
Masayoshi Matsumoto Director
Junji Ito Executive Officer
Hiroshi Sato Independent Outside Director
Michihiro Tsuchiya Independent Outside Director
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