Last €11.12 EUR
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As of 3:13 AM 09/17/14 All times are local (Market data is delayed by at least 15 minutes).

sumitomo electric industries (SMO) Snapshot

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52 Week High
01/6/14 - €12.50
52 Week Low
05/12/14 - €9.12
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sumitomo electric industries (SMO) Details

Sumitomo Electric Industries, Ltd. primarily manufactures and sells electric wires and cables worldwide. Its Automotive segment provides wiring harnesses, wheel speed sensors, connectors, center cluster integration panels, and anti-vibration rubber products. The company’s Infocommunications segment offers optical fibers and cables, fusion splicers and accessories, optical data links, optical and electron devices, river/road information systems, optical connectors and connectivity products, optical fiber network related products, two-way communication devices, traffic control systems, remote radio head series, and access network system products. Its Electronics segment provides flexible printed circuits, compound semiconductors, irradiated products, copper and twisted wires, contact probes, polyimide tubes, thunderbolts, flat components, gallium nitride substrates, electronic wires, fluororesin-coated products, POREFLON modules, and materials for electronic components. The company’s Environment and Energy segment offers ecology, high-voltage power, high-temperature superconducting, and submarine power cables; insulated wires; fiber-optic distributed temperature sensing systems; sintered ZnS far-infrared lenses; aluminum wires and bars; porous metals for batteries; cables for firefighting; trolley wires for railways; infrared optical products; wind profiler radar systems; air springs; and magnet and electroplated wires. Its Industrial Materials and Others segment provides cemented carbide inserts, end mills and drills, powder metallurgical parts, bonding tools, steel wires for springs, synthetic diamonds, microdrills, composite material for substrates and heat sinks, epoxy-coated steel wires, steel cords, hard materials, and sintered parts. The company was formerly known as Sumitomo Electric Wire & Cable Works and changed its name to Sumitomo Electric Industries, Ltd. in 1939. Sumitomo Electric Industries, Ltd. was founded in 1897 and is headquartered in Osaka, Japan.

225,484 Employees
Last Reported Date: 06/26/14
Founded in 1897

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sumitomo electric industries (SMO) Key Developments

Ikanos Communications, Inc. and Sumitomo Electric Industries Ltd. Partner to Extend High-Speed Broadband to Demanding Commercial Applications

Ikanos Communications, Inc. announced that its access and gateway chipsets, including the Fusiv(R) gateway processor, will provide the enabling architecture for Sumitomo Electric's high-speed broadband networks throughout many of the company's service areas in Japan. Sumitomo Electric will deploy the chipsets in its central office equipment and gateways designed to extend broadband service into commercial venues, such as golf courses, hotels, hospitals, schools and other institutions in which broadband service is required. Adopting new technologies to drive higher speeds by bringing fiber deeper into its network and leveraging its hybrid-copper-fiber network topology to bring high-speed broadband services to as many subscribers as possible. Sumitomo Electric is a premier provider of such advanced technology, and is now leveraging its expertise and experience, in partnership with Ikanos, to accelerate broadband deployments in the commercial sector in Japan.

Sumitomo Electric Industries to Build USD 28 Million Auto-Parts Plant in Mexico

Sumitomo Electric Industries is investing JPY 3 billion in a new auto-parts plant in Mexico. The factory will be constructed in Aguascalientes and is due to open in July 2016. The plant will produce transmission parts and key engine parts, employing 120 people, and output is expected to reach 2,000 tonnes annually. Sumitomo has set a target for the plant of sales of JPY 2 billion by 2017; the company's existing plants in seven countries generated sales of about JPY 50 billion during the company's 2013 financial year. The new plant is intended to support the company's Japanese plants. The company's sintered-parts components are currently delivered to customers in Mexico from US facilities.

Sumitomo Electric Revises Earnings Guidance for the First Half Ending September 2014 and Fiscal Year Ending March 31, 2015

Sumitomo Electric revised earnings guidance for the first half ending September 2014 and fiscal year ending March 31, 2015. For the first half ending September 2014, the company has also upped its net income guidance for the first half ending September 2014. The company now expects first-half net income to reach JPY 73 billion, compared with its prior guidance of JPY 30 billion. The exceptions for revenue and operating income remain unchanged at JPY 1.3 trillion and JPY 45 billion, respectively. The revision comes on account of one-time income from the sale of a stake in a joint venture. For the fiscal year, the company expects net income to reach JPY 111 billion (USD 1.1 billion), compared with its previous guidance of JPY 70 billion. Its forecasts for net sales and operating income remain unchanged at JPY 2.7 trillion and JPY 125 billion, respectively.


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