Sumitomo Electric Industries,Ltd. [5802.T]
TOKYO, May 12 (Pulse News Wire) – Sumitomo Electric Industries,ltd. (5802.T) unveiled its three-year mid-term plan targeting fiscal 2028, aiming for revenue of ¥6 trillion and a significant increase in operating profit compared to 2025 levels.
The plan emphasizes key areas such as digital technology, energy, and mobility, with a focus on integrating these sectors through strategic investments totaling ¥1 trillion over the next three years. Under the plan, Sumitomo Electric seeks to achieve approximately ¥1 trillion in additional sales and a 50% rise in operating profit by 2028. Additionally, the company targets a pre-tax return on invested capital (ROIC) of more than 15%.
To support these goals, the firm will enhance its global manufacturing capabilities and expand its presence in high-growth markets. The strategy includes strengthening its performance in digital infrastructure, expanding cable production globally, and leveraging its leadership in automotive wiring harness systems to position itself as a leading supplier in the global mobility sector. Sumitomo Electric also commits to fostering a multi-stakeholder approach, ensuring sustainable growth and long-term value creation for shareholders and stakeholders alike.
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