Sumitomo Electric Industries Ltd. announced consolidated earnings results for the second half and full year of 2012. For the second half, the company reported net sales of JPY 1,117,167 million compared with JPY 1,102,540 million for the same period a year ago. Operating income of JPY 42,058 million compared with JPY 63,112 million for the same period a year ago. Ordinary income of JPY 52,585 million compared with JPY 71,126 million for the same period a year ago. Income before income taxes and minority interests of JPY 49,093,000 million compared to JPY 72,109,000 a year ago. Net income of JPY 21,150 million compared with JPY 39,793 million for the same period a year ago. For the year, the company reported net sales of JPY 2,159,342 million compared with JPY 2,059,344 million for the same period a year ago. Operating income of JPY 76,790 million compared with JPY 86,946 million for the same period a year ago. Ordinary income of JPY 94,116 million compared with JPY 106,696 million for the same period a year ago. Income before income taxes and minority interests of JPY 84,084,000 million compared to JPY 99,941,000 a year ago. Net income of JPY 37,955 million or JPY 74.21 per share compared with JPY 58,861 million or JPY 47.85 per share for the same period a year ago. Net cash provided by operating activities of JPY 124,849 million compared with JPY 86,051 million for the same period a year ago. Expenditures for purchase of property, plant and equipment of JPY 151,725 million compared with JPY 121,411 million for the same period a year ago. Return on equity was 3.7% compared to 6.1% a year ago. The company provided earnings guidance for the first half, second half and full year of fiscal 2013. For the first half, the company expected to report net sales of JPY 1,100,000 million, operating income of JPY 30,000 million, ordinary income of JPY 40,000 million, income before income taxes and minority interests of JPY 36,000 million and net income of JPY 20,000 million. For the second half, the company expected to report net sales of JPY 1,300,000 million, operating income of JPY 70,000 million, ordinary income of JPY 80,000 million, income before income taxes and minority interests of JPY 76,000 million and net income of JPY 40,000 million. For the year fiscal 2013, the company expected to report net sales of JPY 2,400,000 million, operating income of JPY 100,000 million, ordinary income of JPY 120,000 million, income before income taxes and minority interests of JPY 112,000 million and net income of JPY 60,000 million, capital expenditure of JPY 160,000 million and depreciation and amortization of JPY 110,000 million.

Sumitomo Electric Industries Ltd. announced that they will report fiscal year 2013 results on May 10, 2013

Sumitomo Electric Industries Ltd. will showcase its Thunderbolt cables at NAB Show 2013 which is taking place April 8-11, 2013 in Las Vegas, Nevada. This metal Thunderbolt cable achieves bidirectional data transfer at an ultra high rate of up to 10 Gbps; more than 20 times faster compared to the currently USB 2.0 data transfer system, and twice as fast as a USB 3.0 type. Sumitomo Electric will showcase three types of Thunderbolt cables (metal, optical and thin) which are developed by incorporating its advanced electric wire technology and high-speed data transmission technology into the technical specifications for Thunderbolt technology provided by Intel Corporation. The cable is well received for good operability and product lineup. The cable comes in lengths of 0.3 m to 3.0 m and colors of black and white to best serve customers' needs. Sumitomo Electric to receive Thunderbolt certification from Intel Corporation for the optical Thunderbolt cable and started the mass production in December 2012. (As of April 2013, only Sumitomo Electric received the certification.) This cable comes in lengths of up to 30 m. Sumitomo Electric's special optical fiber will provide high bend performance even when pinched by up to 180 degrees or tangled in knots. The thin Thunderbolt cable is 3.2 mm in diameter, which is 1.0 mm thinner than the conventional cable, and provides highly reliable data transmission at a high speed of 10 Gbps. This compact design makes it easy to carry the cable with portable devices by winding it around them or packing in small pockets of typical carrying cases.