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An update from Sumitomo Electric Industries ( (JP:5802) ) is now available.
Sumitomo Electric Industries has raised its full-year consolidated earnings forecast for the fiscal year ending March 31, 2026, after results for the nine months to December 31, 2025 exceeded earlier projections on the back of sustained demand in its infocommunications and automotive businesses, as well as cost-cutting and improved selling prices. The company now expects higher net sales, operating profit and profit attributable to owners of the parent, with profit boosted by about ¥70 billion in extraordinary income from the transfer of all its shares in consolidated subsidiary Sumitomo Densetsu to Daiwa House Industry via a completed tender offer and subsequent share buyback; while the year-end dividend forecast is unchanged for now and will be based only on ordinary business profits, the proceeds from the Densetsu share sale are earmarked to finance a tender offer to make Sumitomo Riko a wholly owned subsidiary, signaling a strategic portfolio reshaping that could alter the group’s earnings profile and capital allocation priorities.
The most recent analyst rating on (JP:5802) stock is a Buy with a Yen7074.00 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 is a Japan-based manufacturer operating across sectors such as infocommunications and automotive, supplying cables, components and related systems that support communications infrastructure and vehicle electrification. Listed on the Tokyo, Nagoya and Fukuoka stock exchanges, the company’s performance is closely tied to demand trends in these technology-driven markets and to its ability to manage costs and pricing power.
Average Trading Volume: 7,383,810
Technical Sentiment Signal: Buy
Current Market Cap: Yen5243.9B
For a thorough assessment of 5802 stock, go to TipRanks’ Stock Analysis page.