Sumitomo Electric Industries raises full-year outlook as automotive and data center demand remains strong; revenue forecast at ¥5.4 trillion

Sumitomo Electric Industries raised its full-year forecast for the fiscal year ending March 2027. Revenue was lifted to ¥5.4 trillion, while operating profit was increased by ¥25 billion, reflecting strong demand from the automotive and data center sectors.

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The story

Sumitomo Electric Industries raised its consolidated earnings forecast for the fiscal year ending March 2027, increasing its revenue forecast to ¥5.4 trillion. This represents a ¥100 billion increase from the previous forecast.

Operating profit is also projected to increase by ¥25 billion, with the specific amount of the upward revision disclosed.

The company cited strong demand from its automotive and data center businesses as contributing factors.

At a glance

PeriodRaises consolidated forecast for the fiscal year ending March 2027

Revenue¥5.4 trillion

Comparison¥100 billion increase from previous forecast

Operating profit¥25 billion increase

Event formatStrong demand from the automotive and data center sectors

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