Sumitomo Electric Industries Ltd - Company Profile
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Sumitomo Electric Industries Ltd (Sumitomo) is a developer, producer, marketer and distributor of products related to electronics, info-communications, automotive, industrial materials, and environment and energy. The company’s major product portfolio includes wiring harnesses, automotive hoses, car electrical equipment, telecommunication cables and equipment, optical and wireless devices, electronic wire products, flexible printed circuits and others. The company also provides air cushions for railroad vehicle, power systems, power transmission wires, tungsten and molybdenum materials, heat sinks, and laser optics. The company along with its subsidiaries operates in the Americas, Europe, Middle East, Africa, and Asia Pacific. Sumitomo is headquartered in Osaka, Japan.
Headquarters
Japan
Address
3f, Sumitomo Bldg, 4-5-33, Kitahama, Chuo-Ku, Osaka-Shi, 541-0041
Website
sumitomoelectric.com
Telephone
81 6 62204141
No of Employees
289,191
Industry
Industrial Goods and Machinery
Ticker Symbol & Exchange
5802 (TYO)
Revenue (2023)
$29.6B
18.9%
(2023 vs 2022)
EPS
XYZ
Net Income (2023)
XYZ
17%
(2023 vs 2022)
Market Cap*
$9.5B
Net Profit Margin (2023)
XYZ
-1.8%
(2023 vs 2022)
* As of and is in US$
Sumitomo Electric Industries Ltd premium industry data and analytics
Products and Services
| Products | Brands |
|---|---|
| Automotive: | Celmet |
| Wiring materials | Sumiboron |
| Magnet wires | Sumidia |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Corporate Changes/Expansions | In October, the company established Judd Wire Mexico, S.A. de C.V. |
| 2023 | Plans/Strategy | In October, the company announced its plans to release a new fusion splicer, T-72M12+. |
| 2023 | Others | In September, the company and Infinera announced the completion of the first demonstration delivering high-speed business services over Sumitomo Electric’s passive optical network infrastructure with Infinera’s ICE-X intelligent coherent pluggable optics. |
Competitor Comparison
| Key Parameters | Sumitomo Electric Industries Ltd | Aisin Corp | Fujitsu Ltd | Amphenol Corp | Furukawa Electric Co Ltd |
|---|---|---|---|---|---|
| Headquarters | Japan | Japan | Japan | United States of America | Japan |
| City | Osaka-Shi | Kariya-Shi | Minato-Ku | Wallingford | Chiyoda-Ku |
| State/Province | Osaka | Aichi | Tokyo | Connecticut | Tokyo |
| No. of Employees | 289,191 | 116,649 | 124,055 | 91,000 | 51,314 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Masayoshi Matsumoto | Chairman; Chief Executive Officer | Executive Board | 2017 | 79 |
| Osamu Inoue | Chief Operating Officer; President | Senior Management | 2017 | 71 |
| Akira Nishimura | Senior Managing Director; General Manager- R&D Unit Electronics group | Executive Board | 2020 | 65 |
| Hideo Hato | General Manager- New Business Development Unit; Deputy General Manager, Automotive Business Unit, Corporate Staff Group, Planning, Intellectual Property, Security Trade, Environment and Energy Group; Executive Vice President | Executive Board | 2023 | 66 |
| Mitsuo Nishida | Executive Vice President; Director | Executive Board | 2020 | 75 |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
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