Business Description
Sumitomo Electric Industries reports across automotive, infocommunications, electronics, environment and energy, and industrial materials. Automotive — wiring harnesses, connectors and anti-vibration rubber — is by far the largest segment, and the company ranks among the top three harness suppliers worldwide.
Elsewhere it makes optical fibre and cable, compound-semiconductor devices for optical communications, superhard cutting-tool materials, and power transmission cable including the submarine cable used to connect offshore wind farms. The harness business is labour-intensive and produced largely in low-cost countries, which ties margins to wage costs and to global vehicle build rates. Founded in 1897 as the Sumitomo house's copper wire works and incorporated in 1911.
Corporate Data
| Ticker | 5802 |
|---|---|
| Exchange | Tokyo Stock Exchange |
| Size Category | TOPIX Large70 |
| Market Segment | Prime Market |
| Sector | Nonferrous Metals |
| Head Office | Sumitomo Building, 4-5-33 Kitahama, Chuo-ku, Osaka 541-0041, Japan |
| Founded | August 1911 |
| Fiscal Year End | March 31 |
| Website | Official website |