12 May 2026

Sumitomo Electric Group announces its Mid-term Management Plan 2028

FY2028 Targets
鈼�    Net sales of 6 trillion yen
鈼�    Operating profit of 600 billion yen
鈼�    Before-tax ROIC of >15%

快播app, Ltd. is pleased to announce its 鈥淢id-term Management Plan 2028,鈥� a three-year plan covering FY2026-FY2028.
The Sumitomo Electric Group (SEG) is positioning 鈥淒igital and AI,鈥� 鈥滶nergy,鈥� and 鈥淢obility鈥� 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鈥檚 core technologies, to respond effectively to global changes and capture demand for Green Transformation (GX锛塧nd 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 鈥� 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

over view
overview
General Overview

Based on the Sumitomo Business Spirit and Sumitomo Electric Group Corporate Principles, SEG will further strengthen its business foundation consisting of three Key Driving Forces and three Key Sources of Capital, while advancing its businesses primarily in three key areas as well as interconnected areas.



2锛嶣usiness Strategies锛圡ain Topics in the three Key Areas锛�
(1) Digital and AI
SEG aims to increase our share of the hyperscale data center market, primarily in North America, by introducing a wide range of high-performance products to support advanced digital infrastructure.
(2) Energy
SEG will strengthen our cable manufacturing and installation capabilities globally, aiming to expand incoming orders as a 鈥渓ocal company.鈥�
(3) Mobility
Leveraging our strength as a world leader in wiring harnesses, SEG aims to become a 鈥済lobal mobility supplier鈥� through the integrated capabilities of SEG.



锛擄紟Financial Goals銆�锛圲nit: billion yen锛�

4锛庘�滸oho Yoshi鈥� (Five-Way Win)銆�- Multistakeholder Capitalism -
鈥烥oho Yoshi鈥� (Five-Way Win) is a concept that has been part of the Sumitomo Electric Group for some time and is based on the Sumitomo Corporate Philosophy.
We are committed to sustainable growth and medium- to long-term value creation by sharing prosperity with our multiple stakeholders: customers, employees, suppliers, regional communities, and shareholders/investors.
In this Mid-term Management Plan 2028, we have set specific and quantitative targets for the sharing of returns with multiple stakeholders, and are determined to achieve them.

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Sumitomo Electric Group announces its Mid-term Management Plan 2028

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