February 15, 2017,09:00 +0900(JST) Business Results for 3rd Quarter of FY 2016

On February 2, we announced our business results for the third quarter of FY 2016.

The outline of our business results on a consolidated basis for the first nine months of fiscal 2016 (April-December) is as follows: net sales of 2,034.1 billion yen; operating income of 100 billion yen; ordinary income of 120 billion yen; and net income attributable to owners of parent of 73 billion yen. Compared with the same period of the previous year, although net sales marked a decrease, all of the incomes showed increases. Of particular note are the operating income and ordinary income. Despite negative effects from the appreciation of the yen, they were the highest ever, and this is totally thanks to your support.

In addition, we made an upward revision of the forecasts that we had announced regarding our full-year consolidated business results, excluding net sales, as follows: operating income of 135 billion yen; ordinary income of 160 billion yen; and net income attributable to owners of parent of 92 billion yen. We left the forecast for net sales unchanged.
For our forecast for the year-end dividend, we also made a revision from 18 yen, which we had forecast previously, to 20 yen per share, by adding 2 yen to celebrate our 120th anniversary. This means that the annual dividend per share will be 37 yen.

Less than two months now remain until the end of this fiscal year. Although there is uncertainty about the outlook of the global and economic situations, all of us in the Sumitomo Electric Group will continue doing our very best until the end in order to live up to your expectations.

Fact Book FY2016 3rd Edition ( 618 KB)

February 10, 2017,10:00 +0900(JST) Osaka Half Marathon and Osaka Women's Marathon

The other day, 2017 Osaka Women's Marathon, which doubled as a trial for the 2017 IAAF World Championships in Athletics, was held. It was cloudy and breezy with the temperature being about 10℃, making the day perfect for running. Risa Shigetomo, who won the race for the first time in five years, had first lagged well behind the lead pack, but began to put on a powerful spurt in the middle of the race. Pulling ahead of many runners, she finally took the lead. The spectators waiting for the first finisher at Nagai Stadium was excited with this dramatic development and welcomed her with enthusiastic cheers.

Placing a laurel crown on the head of Ms. Shigetomo
Placing a laurel crown on the head of Ms. Shigetomo

On the day of the event, the Osaka Half Marathon started at the same time in parallel with the women's race. About 6,000 runners—both citizens and athletes registered with the Japan Association of Athletics Federations—competed in the half marathon. They ran through the city of Osaka in front of spectators rooting for them from the sidelines along the course.

Among those athletes, three members of our athletics club entered. Of these, Mr. Tetsuya Kimura made a particularly good showing by finishing the race in eighth. I look forward to seeing him performing even better in the future.

  • Mr. Kimura finishing the race
    Mr. Kimura finishing the race
  • With competitors from our athletics club
    With competitors from our athletics club

SUMITOMO ELECTRIC President CEO Masayoshi Matsumoto

Born in 1944 in Hyogo Prefecture, Masayoshi Matsumoto joined Sumitomo Electric in 1967. After serving as General Manager of Chubu District Office, Managing Director and Senior Managing Director, he assumed office of President and CEO in June 2004.

His leisure activities include jogging, reading and art appreciation. Also a seasoned athlete, he played baseball in junior high school and practiced judo in senior high school. In university, he threw the javelin competitively and participated in all-Japan inter-university competitions.

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