Sumitomo Electric raises FY2026 operating profit forecast to JPY 500 billion
- Sumitomo Electric raised its FY2026 operating profit forecast to JPY 500 billion from JPY 450 billion.
- Net profit guidance increased to JPY 370 billion from JPY 340 billion.
- Sales are now projected at JPY 5.75 trillion, up from JPY 5.4 trillion.
- First-half operating profit rose 43% to JPY 219.6 billion, supported by sales growth, improved product mix and productivity gains.
- Data center demand underpins the outlook; info-communications operating profit is forecast at JPY 156 billion versus JPY 133 billion previously.
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