Japanese manufacturer of electric wire and optical fiber cables
Sumitomo Electric Industries, Ltd.
Company type
Public
Traded as
TYO: 5802
NAG: 5802
FSE: 5802
Industry
Non-ferrous metal
Founded
1897; 127 years ago (1897)
Headquarters
Osaka, Japan
Area served
Worldwide
Key people
Osamu Inoue (president)
Products
Automotive, Infocommunications, Electronics, Environment and Energy, Industrial Materials & Others
Revenue
¥4,005.6 billion (2022)
Operating income
¥177.4 billion (2022)
Net income
¥173.3 billion (2022)
Total assets
¥4,013.0 billion (2022)
Total equity
¥1,628.8 billion (2022)
Number of employees
289,191 (2023)
Website
sumitomoelectric.com
Footnotes / references [1]
Sumitomo Electric Industries, Ltd. (住友電気工業株式会社, Sumitomo Denki Kōgyō) is a manufacturer of electric wire and optical fiber cables. Its headquarters are in Chūō-ku, Osaka, Japan. The company's shares are listed in the first section of the Tokyo, Nagoya Stock Exchanges, and the Fukuoka Stock Exchange. In the period ending March 2021, the company reported consolidated sales of US$26,5 billion (2,918,580 million Japanese yen).
The company was founded in 1897 to produce copper wire for electrical uses. Sumitomo Electric operates in five business fields: Automotive, Information & Communications, Electronics, Environment & Energy, and Industrial materials and is developing in two others: Life Sciences and Materials & Resources. It has more than 400 subsidiaries and over 280,000 employees in more than 30 countries.
Sumitomo Electric has traditionally had an intensive focus on R&D to develop new products. Its technologies have been used in major projects including traffic control in Thailand, improvement of telecom networks in Nigeria, membrane technology for waste water treatment in Korea, and bridge construction in Germany. Sumitomo produces chips for 5G base stations.[2]
Sumitomo Electric's electrical wiring harness systems, which are used to send information and energy to automobiles, hold the largest market share in the world. Sumitomo Electric also continues to be the leading manufacturer of composite semiconductors (GaAs, GaN, InP), which are widely used in semiconductor lasers, LEDs, and mobile telecommunications devices. The company is one of the top three manufacturers in the world of optical fiber.
Sumitomo Electric Industries is a part of the Sumitomo keiretsu.
^FY2022 Factbook (PDF). Sumitomo Electric Industries (Report). 12 May 2023. Retrieved 1 June 2023.
^Sato, Ryotaro (4 July 2021). "Sumitomo Electric to produce 5G chips in US amid shortage". Nikkei Asia.
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Global Information
¥4,005.6 billion (2022)