Sumitomo Electric IndustriesSumitomo Electric Industries, Ltd.5802東証プライム非鉄金属FY ending Mar 2026, consolidated, J-GAAP

Sumitomo Electric Industries revenue and profit

Out of every ¥100 of sales, about ¥8 is left as operating profit. Revenue changed +9.2% from the prior year, operating profit +30.4%.

Five-year trend

Revenue¥5.11T
FY ending Mar 2022: ¥3.37T¥3.37TFY ending Mar 2023: ¥4.01T¥4.01TFY ending Mar 2024: ¥4.4T¥4.4TFY ending Mar 2025: ¥4.68T¥4.68TFY ending Mar 2026: ¥5.11T¥5.11TFY22FY23FY24FY25FY26
Operating income¥418.2B
FY ending Mar 2022: ¥122.2B¥122.2BFY ending Mar 2023: ¥177.4B¥177.4BFY ending Mar 2024: ¥226.6B¥226.6BFY ending Mar 2025: ¥320.7B¥320.7BFY ending Mar 2026: ¥418.2B¥418.2BFY22FY23FY24FY25FY26
Operating margin8.2%
FY ending Mar 2022: 3.6%3.6%FY ending Mar 2023: 4.4%4.4%FY ending Mar 2024: 5.1%5.1%FY ending Mar 2025: 6.9%6.9%FY ending Mar 2026: 8.2%8.2%FY22FY23FY24FY25FY26

What drives ROE

Net margin × asset turnover = ROA; ROA × financial leverage = ROE

Net margin7.2%
Asset turnover1.10×
ROA8.0%
ROA8.0%
Financial leverage2.32×
ROE18.5%

Denominators: average assets and average equity. Derived from reported values; ROE is shown only for positive profit and equity.

Net margin7.2%
2022: 2.9%2.9%2023: 2.8%2.8%2024: 3.4%3.4%2025: 4.1%4.1%2026: 7.2%7.2%2223242526
Asset turnover1.10×
2022: 0.88×0.88×2023: 1.02×1.02×2024: 1.05×1.05×2025: 1.06×1.06×2026: 1.10×1.10×2223242526
ROA8.0%
2022: 2.5%2.5%2023: 2.9%2.9%2024: 3.6%3.6%2025: 4.4%4.4%2026: 8.0%8.0%2223242526
Financial leverage2.32×
2022: 2.39×2.39×2023: 2.43×2.43×2024: 2.49×2.49×2025: 2.45×2.45×2026: 2.32×2.32×2223242526
ROE18.5%
2022: 6.0%6.0%2023: 7.0%7.0%2024: 8.9%8.9%2025: 10.8%10.8%2026: 18.5%18.5%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
20222.9%0.88×2.5%2.39×6.0%
20232.8%1.02×2.9%2.43×7.0%
20243.4%1.05×3.6%2.49×8.9%
20254.1%1.06×4.4%2.45×10.8%
20267.2%1.10×8.0%2.32×18.5%

Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.

Asset intensity and goodwill

Annual trends in tangible-asset ratios and goodwill balance.

PPE ÷ revenue23.3%
2021: 33.6%33.6%2022: 30.5%30.5%2023: 26.5%26.5%2024: 24.9%24.9%2025: 24.0%24.0%2026: 23.3%23.3%212223242526
PPE ÷ total assets24.7%
2021: 29.0%29.0%2022: 27.0%27.0%2023: 26.5%26.5%2024: 25.2%25.2%2025: 25.3%25.3%2026: 24.7%24.7%212223242526
Goodwill ÷ parent equity1.0%
2021: 0.1%0.1%2022: 0.0%0.0%2023: 0.0%0.0%2024: 0.0%0.0%2025: 1.1%1.1%2026: 1.0%1.0%212223242526
Goodwill balance¥21.5B
2021: ¥1.65B¥1.65B2022: ¥74M¥74M2023: ¥6M¥6M2024: ¥3M¥3M2025: ¥20.4B¥20.4B2026: ¥21.5B¥21.5B212223242526

Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition

Investment and working-capital efficiency

Track R&D investment and how long operating capital remains tied up before sales turn into cash.

R&D spending¥162.9B
2021: ¥118.8B¥118.8B2022: ¥123.1B¥123.1B2023: ¥127.7B¥127.7B2024: ¥142B¥142B2025: ¥156.3B¥156.3B2026: ¥162.9B¥162.9B212223242526
R&D / revenue3.2%
2021: 4.1%4.1%2022: 3.7%3.7%2023: 3.2%3.2%2024: 3.2%3.2%2025: 3.3%3.3%2026: 3.2%3.2%212223242526
Cash conversion cycle114d
2021: 126d126d2022: 137d137d2023: 121d121d2024: 113d113d2025: 112d112d2026: 114d114d212223242526
Receivable days67d
2021: 94d94d2022: 85d85d2023: 77d77d2024: 73d73d2025: 69d69d2026: 67d67d212223242526
Inventory days91d
2021: 93d93d2022: 110d110d2023: 93d93d2024: 89d89d2025: 89d89d2026: 91d91d212223242526
Payable days44d
2021: 61d61d2022: 58d58d2023: 49d49d2024: 48d48d2025: 46d46d2026: 44d44d212223242526

R&D is shown only for years with machine-readable disclosure. Days are estimates using year-end receivables, inventory and payables divided by annual revenue or cost of sales; financial companies are excluded.

Income statement (JPY millions)

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Revenue3,367,8634,005,5614,402,8144,679,7895,110,171
Cost of revenue2,793,9193,335,5853,635,2263,799,6634,076,140
Gross profit573,944669,976767,588880,1261,034,031
SG&A451,749492,533540,970559,463615,858
Operating income122,195177,443226,618320,663418,173
Pretax income159,921196,472238,545304,064505,159
Income tax50,21964,19969,58482,238104,013
Net income attributable to owners96,306112,654149,723193,771369,508
Operating margin3.6%4.4%5.1%6.9%8.2%

Balance sheet (reported items)

Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.

Assets

5%
Receivables 19%
Inventories 21%
Property, plant and equipment 25%
2%
Investment securities 15%
Other assets 13%

Funding

Trade payables 10%
Interest-bearing debt 11%
Other liabilities 20%
Equity 59%

Each bar totals 100% of assets; other is the residual.

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Cash and equivalents¥255.5B¥279.4B¥268.3B¥294.5B¥235.9B
Total assets¥3.81T¥4.01T¥4.37T¥4.44T¥4.82T
Net assets¥2.05T¥2.11T¥2.43T¥2.53T¥2.83T
Share capital¥99.7B¥99.7B¥99.7B¥99.7B¥99.7B
Trade receivables¥784.6B¥842.8B¥875.9B¥880.5B¥932.9B
Inventories¥844.8B¥851.2B¥885B¥923B¥1.02T
Property, plant and equipment¥1.03T¥1.06T¥1.1T¥1.12T¥1.19T
Intangible assets excluding goodwill¥36.1B¥36.7B¥39.8B¥61.4B¥62.1B
Goodwill¥74M¥6M¥3M¥20.4B¥21.5B
Investment securities¥443.9B¥503.8B¥607.1B¥604.7B¥713B
Current assets¥2.06T¥2.16T¥2.24T¥2.32T¥2.42T
Current liabilities¥1.26T¥1.4T¥1.31T¥1.29T¥1.35T
Trade payables¥445B¥446B¥479.8B¥473.8B¥487.7B
Short-term borrowings¥482.2B¥601.2B¥385.6B¥314.3B¥210.7B
Long-term borrowings¥222.2B¥195.6B¥164.6B¥166.4B¥171.6B
Bonds¥84.9B¥94.9B¥174.9B¥174.9B¥129.9B
Interest-bearing debt¥789.3Bderived¥891.7Bderived¥725Bderived¥655.6Bderived¥512.3Bderived
Total liabilities¥1.75T¥1.9T¥1.93T¥1.91T¥1.99T
Non-controlling interests¥283.1B¥210.9B¥224.2B¥240B¥91.6B
Equity attributable to owners of parent¥1.6T¥1.63T¥1.74T¥1.86T¥2.12T
Retained earnings¥1.35T¥1.38T¥1.49T¥1.62T¥1.9T
Treasury stock-¥20.8B-¥20.8B-¥20.8B-¥20.8B-¥20.8B

Sources

Show source documents (6)
  • EDINET (FSA Japan)

    有価証券報告書-第156期(2025/04/01-2026/03/31)

    ID S100YL2M2026-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第155期(2024/04/01-2025/03/31)

    ID S100W5LN2025-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第154期(2023/04/01-2024/03/31)

    ID S100TSD02024-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第153期(2022/04/01-2023/03/31)

    ID S100R6352023-06-28Open
  • EDINET (FSA Japan)

    有価証券報告書-第152期(令和3年4月1日-令和4年3月31日)

    ID S100ODYH2022-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第151期(令和2年4月1日-令和3年3月31日)

    ID S100LQ0C2021-06-25Open

Extracted from XBRL: 57 / Derived from other figures: 2

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