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Sumitomo Electric Industries ( (JP:5802) ) has issued an announcement.
Sumitomo Electric Industries has revised its consolidated financial forecasts for the fiscal year ending March 31, 2026, due to stronger than expected performance in the automotive and infocommunications sectors and a lower impact from U.S. tariffs. The company anticipates increased net sales and profits, reflecting a positive outlook for the remainder of the fiscal year.
The most recent analyst rating on (JP:5802) stock is a Hold with a Yen2650.00 price target. To see the full list of analyst forecasts on Sumitomo Electric Industries stock, see the JP:5802 Stock Forecast page.
More about Sumitomo Electric Industries
Sumitomo Electric Industries, Ltd. operates in the automotive and infocommunications sectors, providing a range of products and services in these industries. The company is listed on the Tokyo, Nagoya, and Fukuoka Stock Exchanges.
Average Trading Volume: 3,473,193
Technical Sentiment Signal: Buy
Current Market Cap: Yen2736.6B
See more insights into 5802 stock on TipRanks’ Stock Analysis page.