Sumitomo Electric Industries : Group announces its Mid-term Management Plan 2028

About this update from Sumitomo Electric Industries, Ltd.

FY2028 Targets ● Net sales of 6 trillion yen ● Operating profit of 600 billion yen ● Before-tax ROIC of >15% Sumitomo Electric Industries, Ltd. is pleased to announce its "Mid-term Management Plan 2028," a three-year plan covering FY2026-FY2028. The Sumitomo Electric Group (SEG) is positioning "Digital and AI," "Energy," and "Mobility" as three key areas of the new plan. By investing a cumulative total of 1 trillion yen over FY2026-FY2028 in these businesses as well as interconnected areas, SEG will leverage its integrated capabilities rooted in the group's core technologies, to respond effectively to global changes and capture demand for Green Transformation (GX）and Digital Transformation (DX). By FY2028, SEG will aim for further growth by achieving 6 trillion yen in net sales an increase of approximately 1 trillion yen compared to FY2025; 600 billion yen in operating profit - an increase of approximately 50% compared to FY2025; and SEG will strive to further improve asset efficiency with before-tax ROIC of >15%. 1. General Overview

View stock analysis, news, and events for Sumitomo Electric Industries, Ltd.