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Sumitomo Electric

OverviewSuggest Edit

Sumitomo Electric Group is a company that manufactures and sells electric wires and cables. It operates through five segments: Automotive, Infocommunications, Electronics, Environment and Energy, and Industrial Materials and Others. The company provides wiring harnesses and electrical components; steel cords for tire reinforcement; steel wires for springs; wiring materials; optical lenses for infrared devices; abrasion-resistant parts/materials; heat shrink tubing and heat-resistant tubing/tapes; magnet wires; aluminum bars/wires; lenses and spinel products; products for electronic devices; sintered parts; and EV quick-charger connector assemblies. It also offers optical fibers and optical fiber cables.

TypePublic
Founded1897
HQOsaka, JPMap
Websitesumitomoelectric.com
Employee Ratings3.6More

Recent NewsAll News

Latest Updates

Employees (est.) (Mar 2020)283,910(+5%)
Revenue (FY, 2020)¥2.9 T(-6%)
Share Price (Aug 2021)¥1.5 K(-5%)
Cybersecurity ratingBMore

Key People/Management at Sumitomo Electric

Osamu Inoue

Osamu Inoue

President & COO
Masayoshi Matsumoto

Masayoshi Matsumoto

Chairman & CEO
Mitsuo Nishida

Mitsuo Nishida

Executive Vice President
Nozomi Ushijima

Nozomi Ushijima

Executive Vice President
Yoshitomo Kasui

Yoshitomo Kasui

Senior Managing Director
Satoru Ogura

Satoru Ogura

Board Member
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Sumitomo Electric Office Locations

Sumitomo Electric has offices in Osaka, Hitachi, Itami and Tokyo
Osaka, JP (HQ)
4-5-33, Kitahama Chuo-ku
Hitachi, JP
1-chōme-38-14 Kawajirichō
Itami, JP
1-chōme-1-1 Koyakita
Tokyo, JP
Akasaka Center Building, 1-3-13, Motoakasaka, Minato-ku
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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 (4-Aug-2021)

1.2t

Closing stock price (4-Aug-2021)

1.5k

Cash (31-Mar-2021)

253.7k

EV

1.2t
Sumitomo Electric's current market capitalization is ¥1.2 t.
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%
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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
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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)
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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, 10.0% from Industrial Materials & Others, 7.4% from Infocommunications and 8.4% from Electronics

Human Capital Metrics

Source: craft.co, craft.co, craft.co
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

83/100

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Sumitomo Electric Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

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Sumitomo Electric Online and Social Media Presence

Sumitomo Electric's Trends

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Sumitomo Electric News and Updates

July 04, 2021

Sumitomo Electric to produce 5G chips in US amid shortage

Japanese chipmaker Sumitomo Electric Industries will fabricate semiconductors for 5G base stations in the U.S. from September, Nikkei has learned, amid growing concerns over supply chain disruption due to a global chip shortage.
June 30, 2021

Sumitomo Electric Launches the Q502S, the world’s first AI-programmed active clad alignment fusion splicer

With new features and new technologies, the Q502S fusion splicer offers improved performance, reliability, and user experience. The Q502S series maintains Sumitomo Electric’s industry-leading features, including a world-class light and compact frame, quick splicing, and environmental durability.
June 14, 2021

Sumitomo Electric Obtains SBTi Certification for Its GHG Emission Reduction Targets and Supports TCFD Recommendations

Sumitomo Electric Industries, Ltd. is pleased to announce that the Sumitomo Electric Group has become certified by the international initiative Science Based Targets initiative (SBTi)*1 for the compliance of the Group’s greenhouse gas (GHG) emission reduction targets, which it is aiming to achieve b…
June 08, 2021

Sumitomo Electric Participates in Mobile Optical Pluggables for 5G

Sumitomo Electric Industries, Ltd., a leading global provider of advanced optical communications and radiofrequency (RF) solutions, has joined forces with key wireless vendors and suppliers to provide a blueprint for optical pluggables and passive optical components for 5G buildouts.
June 07, 2021

Sumitomo Electric Launches the T-502S, the World’s First AI-Programmed Next Generation Active Clad Alignment Fusion Splicer

Sumitomo Electric Industries, Ltd. announces the release of the world's first*¹ AI (artificial intelligence)-programmed hand-held splicer, the T-502S series.
June 01, 2021

Sumitomo Electric Develops AirEB™, Multi-fiber Connector with Expanded Beam That Delivers Cost Advantages to the Massive Fiber Optic Network Operators

Sumitomo Electric Industries, Ltd. has developed AirEB™, a multi-fiber connector with an expanded beam that has optical performance tolerant to the contamination on the connector mating faces that contributes to cost reduction for massive fiber optic network operators.
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Sumitomo Electric Blogs

July 15, 2020

150th General Shareholders' Meeting

The 150th annual general shareholders' meeting was held on June 25, 2020 at The Ritz-Carlton, Osaka.
July 15, 2020

Certificates of Appreciation Received

We recently received certificates of appreciation from both Hyogo Prefecture and Itami City for the medical supplies that we donated.
April 10, 2020

Ceremony to Welcome New Staff Members

I'm very pleased that we welcomed 400 new staff members to our company on April 1 this year.
March 23, 2020

Lake Biwa Mainichi Marathon

The 75th Lake Biwa Mainichi Marathon was held on March 8. Sumitomo Electric has served as the main sponsor since 2013, and I went to the venue stadium to cheer on the runners this year again.
March 18, 2020

Chosen for the 2020 Health and Productivity Stock Selection Program

It is with our great pleasure that Sumitomo Electric has been selected under the 2020 Health and Productivity Stock Selection program as one of the 40 outstanding enterprises engaging in health and productivity management.
February 21, 2020

Volleyball Team Serves Up a Victory for Sumitomo Electric

Sumitomo Electric (Osaka Works) served up its 12th victory at the 89th All-Japan Nine-Man Volleyball Championship for the third consecutive year. The coach and some members of the team visited my office to report on their victory.
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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 Osamu Inoue, Masayoshi Matsumoto 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 II-VI Aerospace & Defense, Luxshare Precision and Hengfei Cable.

  • 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, Hitachi, Itami and Tokyo.

  • How many offices does Sumitomo Electric have?

    Sumitomo Electric has 4 offices.