OverviewSuggest Edit

Sumitomo Electric Group is a company providing raw materials, optical, metal, and electrical components, modules, end products, and systems. It offers wires, tubes and tapes, water treatment membranes, thermal modules and devices, optical modules, cables, superconducting products, fusion splicers, batteries, cutting tools, diamond CBN tools, network-related devices, etc. The company operates through automotive, infocommunications, electronics, environment and energy, and industrial materials sectors.
TypePublic
Founded1897
HQOsaka, JP
Websitesumitomoelectric.com
Employee Ratings3.6

Latest Updates

Employees (est.) (Mar 2020)283,910(+5%)
Revenue (FY, 2020)¥2.9 T(-6%)
Share Price (May 2022)$10.9(-1%)
Cybersecurity ratingBMore
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Key People/Management at Sumitomo Electric

Masayoshi Matsumoto

Masayoshi Matsumoto

Chairman & CEO
Osamu Inoue

Osamu Inoue

President & COO
Mitsuo Nishida

Mitsuo Nishida

Executive Vice President
Yoshitomo Kasui

Yoshitomo Kasui

Senior Managing Director
Akira Nishimura

Akira Nishimura

Senior Managing Director
Hideo Hato

Hideo Hato

Senior Managing Director
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Sumitomo Electric Office Locations

Sumitomo Electric has offices in Osaka, Tokyo, Hitachi, Itami and in 1 other location
Osaka, JP (HQ)
4-5-33, Kitahama Chuo-ku
Tokyo, JP (HQ)
Akasaka Center Building, 1-3-13, Motoakasaka, Minato-ku
Hitachi, JP
1-chōme-38-14 Kawajirichō
Hitachi, JP
2-chōme-10-10 Hidakachō
Hitachi, JP
2 Chome Kujicho
Itami, JP
1-chōme-1-1 Koyakita
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Sumitomo Electric Financials and Metrics

Sumitomo Electric Revenue

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Sumitomo Electric's revenue was reported to be ¥2.92 t in FY, 2020 which is a 6.1% decrease from the previous period.
JPY

Revenue (FY, 2020)

2.9t

Revenue growth (FY, 2020 - FY, 2020), %

(6.1%)

Gross profit (FY, 2020)

531.3b

Gross profit margin (FY, 2020), %

18.2%

Net income (FY, 2020)

68.8b

EBIT (FY, 2020)

113.9b

Market capitalization (9-May-2022)

8.6b

Closing stock price (9-May-2022)

10.9

Cash (31-Mar-2021)

253.7k

EV

8.6b
Sumitomo Electric's current market capitalization is $8.6 b.
Annual
JPYFY, 2018FY, 2019FY, 2020

Revenue

3.2t3.1t2.9t

Revenue growth, %

3%(2%)(6%)

Cost of goods sold

2.6t2.6t2.4t

Gross profit

584.6b553.1b531.3b
Half Year
JPYH1, 2018H1, 2019H1, 2020

Revenue

1.5t1.5t1.2t

Cost of goods sold

1.3t1.3t1.1t

Gross profit

273.3b258.6b185.8b

Gross profit Margin, %

18%17%15%
Annual
JPYFY, 2018FY, 2019FY, 2020

Cash

167.2b250.6b253.7k

Accounts Receivable

708.6b670.3b755.3k

Inventories

528.8b553.6b606.3k

Current Assets

1.5t1.6t1.7m
Half Year
JPYH1, 2018H1, 2019H1, 2020

Cash

161.4b192.0b268.4k

Accounts Receivable

670.3b669.8b629.2k

Inventories

536.2b548.8b569.6k

Current Assets

1.5t1.5t1.6m
Annual
JPYFY, 2018FY, 2019FY, 2020

Net Income

130.2b88.4b68.8b

Depreciation and Amortization

148.9b163.6b168.0b

Inventories

(60.0b)(27.6b)(39.4b)

Accounts Payable

12.8b(24.8b)28.3b
Half Year
JPYH1, 2018H1, 2019H1, 2020

Net Income

55.1b34.7b(43.6b)

Depreciation and Amortization

72.8b80.7b82.5b

Inventories

(61.8b)(22.8b)(21.1b)

Accounts Payable

2.6b(21.7b)(29.9b)
JPYH1, 2019

Debt/Equity

0.4 x

Debt/Assets

0.2 x

Financial Leverage

2.1 x
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Sumitomo Electric Operating Metrics

FY, 2017FY, 2018FY, 2019

Vendors

395390416

Vendors (Japan)

109105107

Vendors (Asia)

169169187

Vendors (Europe and Others)

696872
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Sumitomo Electric Acquisitions / Subsidiaries

Company NameDateDeal Size
A. L. M. T. Corp.
A.L.M.T. (Thailand) Co., Ltd.
Automotive Wiring Systems S.R.L. 
AutoNetworks Technologies, Ltd.
Autosistemas de Torreon S.A. de C.V.
Axismateria Ltd.
Broad Net Mux Corporation
Changchun SE Bordnetze Co., Ltd.
Chengdu SE Bordnetze Company Ltd.
Chongqing Jin-Zhu Wiring Systems Co., Ltd.
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Sumitomo Electric Revenue Breakdown

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Sumitomo Electric revenue breakdown by business segment: 53.1% from Automotive, 21.0% from Environment & Energy, 8.4% from Electronics, 7.4% from Infocommunications and 10.0% from Industrial Materials & Others

Human Capital Metrics

Sumitomo Electric's employees are reported to be approximately 52% female and 48% male.
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Sumitomo Electric Cybersecurity Score

Cybersecurity ratingPremium dataset

B

82/100

SecurityScorecard logo

Sumitomo Electric Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

60-79

out of 100

CSRHub logo

Sumitomo Electric Online and Social Media Presence

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Sumitomo Electric News and Updates

Sumitomo Electric Provides Guidance to Engineers Engaged in Communications Infrastructure in Cambodia

Sumitomo Electric Industries, Ltd., at the request of the Japanese Ministry of Health, Labour and Welfare, has cooperated in providing technical guidance for engineers engaged in communications infrastructure at a human resource development seminar held at the National Polytechnic Institute of Cambo…

First time in the U.S. and Japan to Successfully Build and Operate Microgrid with Battery Storage on Actual Power Distribution Network – Strengthens Resilience of Power Infrastructure in California, USA

The New Energy and Industrial Technology Development Organization (“NEDO”) and Sumitomo Electric Industries, Ltd. (“Sumitomo Electric”) have completed a demonstration project in the U.S. State of California to improve the power quality of the grid, and have successfully achieved the major deliverabl…

Sumitomo Electric Launches the New Z2C, a New Core Alignment Fusion Splicer

Sumitomo Electric Industries, Ltd. announces the release of its new Z2C fusion splicer, featuring its proprietary “NanoTuneTM” AI (artificial intelligence) programmed fusion technology and a new design with improved environmental resistance this spring.

Japan's Sumitomo Electric to move production from Ukraine to Romania, Morocco - report

Japanese electric wire and optical fiber cables manufacturer Sumitomo Electric Industries will transfer the production of automotive wire harnesses to Romania and Morocco from Ukraine following Russia's invasion, Japanese media reported.

Sumitomo Electric Participates in Mobile Optical Pluggables for 5G ~ Technical paper updated~

Sumitomo Electric Industries, Ltd., a leading global provider of advanced optical communications and radiofrequency solutions, has joined forces with key wireless vendors and suppliers to provide a blueprint for optical pluggables and passive optical components for 5G buildouts.

Sumitomo Electric Releases a PLC String Monitoring Unit for Solar Power Plants Compatible with High-Output Panels — Capable of measuring up to 20 strings with a maximum current of 20 A each at the same time —

Sumitomo Electric Industries, Ltd. is pleased to announce the release of a power line communication (PLC) string*1,2 monitoring unit for solar power plants equipped with high-output panels. This unit can monitor up to 20 strings with a maximum current of 20 A each. The Company is now accepting order…
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Sumitomo Electric Blogs

Fact Book FY2021 4th Edition

Fact Book FY2021 4th Edition fukaya-akifumi Wed, 05/11/2022 - 01:58 Headline more Subheadline Center Keep Reading Subheadline Left Press Releases & News See More Link Label Se…

Sumitomo Electric Discloses Information of Climate Change in Line with the TCFD Recommendations

Sumitomo Electric Discloses Information of Climate Change in Line with the TCFD Recommendations oba-seiya Tue, 05/10/2022 - 12:29 Headline more Subheadline Center Keep Reading Subheadline Left Press Releases &amp…

Information Disclosure of Climate Change in Line with the TCFD Recommendations

Information Disclosure of Climate Change in Line with the TCFD Recommendations fukaya-akifumi Tue, 05/10/2022 - 10:43 Content Block Information Disclosure of Climate Change in Line with the TCFD Recommendations Component Space …

DesignCon

DesignCon masaki-hikari Thu, 04/28/2022 - 06:57 Exhibitor: Sumitomo Electric USA Official Site Santa Clara Convention Center Santa Clara, California Off Wed, 04/06/2022 - 12:00 Thu, 04/…

AFCOM Data Center World

AFCOM Data Center World masaki-hikari Thu, 04/28/2022 - 06:53 Exhibitor: Sumitomo Electric Lightwave Official Site Austin Convention Center Austin, Texas Off Mon, 03/28/2022 - 12:00 Thu…

BISCI Winter Conference

BISCI Winter Conference masaki-hikari Thu, 04/28/2022 - 06:30 Exhibitor: Sumitomo Electric Lightwave Official Site Orlando World Center Marriott Orlando, Florida Off Sun, 01/30/2022 - 12:00 …
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Sumitomo Electric Frequently Asked Questions

  • When was Sumitomo Electric founded?

    Sumitomo Electric was founded in 1897.

  • Who are Sumitomo Electric key executives?

    Sumitomo Electric's key executives are Masayoshi Matsumoto, Osamu Inoue and Mitsuo Nishida.

  • How many employees does Sumitomo Electric have?

    Sumitomo Electric has 283,910 employees.

  • What is Sumitomo Electric revenue?

    Latest Sumitomo Electric annual revenue is ¥2.9 t.

  • What is Sumitomo Electric revenue per employee?

    Latest Sumitomo Electric revenue per employee is ¥10.3 m.

  • Who are Sumitomo Electric competitors?

    Competitors of Sumitomo Electric include Amphenol, Foxconn Interconnect Technology and Furukawa Electric.

  • Where is Sumitomo Electric headquarters?

    Sumitomo Electric headquarters is located at 4-5-33, Kitahama Chuo-ku, Osaka.

  • Where are Sumitomo Electric offices?

    Sumitomo Electric has offices in Osaka, Tokyo, Hitachi, Itami and in 1 other location.

  • How many offices does Sumitomo Electric have?

    Sumitomo Electric has 8 offices.