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Sumitomo Electric raises full-year forecasts on automotive demand

July 31, 2025 at 06:10 AM UTCBy FilingReader AI

Sumitomo Electric Industries raised its full-year forecasts for the year ending March 2026, now expecting net sales of 4.6 trillion yen, operating profit of 295 billion yen, and net profit of 205 billion yen.

The revision follows stronger-than-expected performance in automotive and infocommunications sectors, with lower impact from US tariffs than anticipated.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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