Although +10% yoy was expected in the original plan for 2021, the revised plan is -4% yoy due to the semiconductor shortages and the expansion of COVID-19 in ASEAN countries.
-2/11-
Orders for harnesses (2019-2021)
2020→2021 original plan
2020→2021 revised plan
Auto production: +10%
Auto production: -4%
*Indexed with 2019 as 1
Harness orders: +15%
Harness orders: +7%
1.11
1.04
1.00
0.97
0.61
0.50
0.59
2H
0.56
1H→2H
0.50
0.51
0.45
+30%
0.41
1H
FY2019
FY2020
FY2021
FY2021
Actual
Actual
Original Plan
Revised Plan
2021 1H→2H +30% expected due to launch of new order intake model
-3/11-
Earnings of automotive segment (2020-2021)
Sales
1,602.01,750.0
OP(%)
100.0
48.2
50.0
(2.9%)
50.0
(3.0%)
下期
(24.7)
51.0
75.7
0.0
上期
(1.0)
(27.5)
+26.5
(50.0)
FY2020
FY2021
Actual
Revised Plan
(¥bn)
1,840.0
85.0
(4.6%)
65.0
20.0
FY2021
Previous Plan
in August
1H: Significant yoy increase due to recovery from COVID-19 impact
2H: Yoy decrease expected due to surge in material prices and logistics costs, while increase expected on annual basis
-4/11-
Automotive Segment OP variation factors
from FY2020 1st half to FY2021 1st half(+26.5)
Sales volume
Direct/indirect （¥bn）
costs reduction
(27.5)
Increase
and others
(1.0)
+54.5
+11.4
Prices of copper
and materials
(15.0)
Semiconductor
Unit price/
FY2020
shortages
FY2021
Product mix
1H Actual
(14.5)
(29.4)
1H Actual
Logistics
costs (9.9)
+26.5
-5/11-
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Sumitomo Electric Industries Ltd. published this content on 29 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 November 2021 12:10:07 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. 
