Supplementary Sheet

for the 1st half of FY2023

November 2, 2023

1-1. FY2023 1st half results (PL)

bn

Net Sales

Operating Profit

Share of profit of investments accounted for using equitymethod

Interest expenses

Other Non-Operating Income/Expenses

Ordinary Income

Extraodinary Income or Loss

Profit before Income Taxes

Taxes and Profit Attributable to Non-Controlling Interests

Profit Attributable to Owners of the Parent

FY2022

FY2023

FY2023

Growth

1H

1H

1H

③ー①

Actual①

Plan➁

Actual③

(＊)

1,891.1

1,950.0

2,072.1

+181.0

49.7

50.0

67.3

+17.6

9.9

6.4

(3.5)

(5.6)

(13.9)

(8.3)

6.8

0.9

(5.9)

60.9

44.0

60.8

(0.1)

5.4

(4.2)

(9.7)

66.3

56.5

(9.8)

(31.2)

(29.8)

+1.4

35.1

22.0

26.7

(8.4)

Difference

③－②

+122.1

+17.3

+16.8

+4.7

(＊)1H：1st half

-2-

1-2. OP variation factors

from FY2022 1st half to FY2023 1st half

(%):OP Rate

Unit price/

Forex

Product mix

impact

(20.0)

+1.0

Logistics

Depreciation/

R&D and others

costs

(9.0)

+15.0

Sales volume

increase

¥49.7 +12.0 bn

Cost structure

¥67.3

improvement

+22.0

bn

(3.2%)

(2.6%)

FY2022 1H

Actual

Prices of copper

and materials

(3.0)

Copper price

2022 1H 2023 1H

1205k/t 1241k/t

Average rate

2022 1H 2023 1H

USD

134.03

141.06

EUR

138.76

153.45

FY2023 1H

Actual

-3-

1-3. Sales and OP by segment

￥bn

Environment

and Energy

Info- communications

Automotive

Electronics

Industrial Materials and Others

Total

FY2022

FY2023

FY2023

Growth

Difference

1H

1H

1H

③－①

③－②

Actual①

Plan➁

Actual③

Sales

OP

Sales

OP

Sales

OP

Sales

OP

Sales

OP

435.0

12.6

450.0

8.0

448.7

12.2

+13.8

(0.4)

(1.3)

+4.2

121.3

12.9

110.0

0.0

102.4

(0.8)

(18.9)

(13.7)

(7.6)

(0.8)

1,016.7

△ 8.0

1,100.0

20.0

1,214.6

32.3

+197.9

+40.3

+114.6

+12.3

178.2

17.7

160.0

11.0

175.5

14.5

(2.6)

(3.2)

+15.5

+3.5

185.2

15.0

180.0

11.0

179.9

9.0

(5.2)

(6.1)

(0.1)

(2.0)

1,891.1

49.7

1,950.0

50.0

2,072.1

67.3

+181.0

+17.6

+122.1

+17.3

※Differences between the aggregate of all segments and Total are consolidated eliminations.

-4-

¥ (1.6) bn
Left：Sales Right：OP（¥bn）

1-4. OP variation factors and performance trends by segment

Environment and Energy

【OP】23/1H : 12.2 billion yen ((0.4) billion yen from 22/1H)

（＋）Increase in number of power cable

（＋）Increase in order volume of rectangular magnet wires for xEV

（－）Copper price impact：Sales ¥(1.8) bn

（－）OP

Infocommunications

【OP】23/1H : (0.8) billion yen ((13.7) billion yen from 22/1H)

（－）Decrease in investment for data centers and telecom carriers Inventory adjustment on customers

-5-

As reduction volume from the plan is getting smaller, order volume of 23/1H exceeded the plan.
Order volume increased by +15% yoy in 23/1H.
Left：Sales Right：OP（¥bn）

1-4. OP variation factors and performance trends by segment

Automotive

【OP】23/1H : 32.3 billion yen (+40.3 billion yen from 22/1H)

（＋）Increase in sales volume of Wiring Harnesses and Sumitomo Riko

（＋）Cost reduction through productivity improvement

（＋）Decline in sea freight to North America

Harness order volume

＋1%

Plan ▲4%

▲16%

Actual

1Q 2Q 3Q 4Q

FY2021

1Q 2Q 3Q 4Q

FY2022

1Q

2Q

3Q

4Q

FY2023

-6-

Left：Sales Right：OP（¥bn）

1-4. OP variation factors and performance trends by segment

Electronics

【OP】23/1H : 14.5 billion yen ((3.2) billion yen from 22/1H)

（＋）Decrease in volume of FPCs and electronic wires

（＋）Rising labor and material costs

Industrial Materials and Others

【OP】23/1H : 9.0 billion yen

((6.1) billion yen from 22/1H)

（－）Decrease in volume of carbide tools in

China

（－）Decrease in volume of special steel wires for housing construction in North America

（－）Rising labor and energy costs

-7-

1-5. BS as of FY2023 1st half end

FY2022

FY2023 1H

￥bn

Atual①

Actual②

Difference

FY2022

FY2023 1H

Difference

②－①

￥bn

Actual①

Actual②

②－①

Cash and Time Deposits

Trade Receivables

Inventories

Property, Plant

and Equipment

Investment

Securities

Other

Total Assets

283.4 248.9

875.6 852.6

851.2 902.2

1,062.8

1,105.1

503.8 601.3

436.2 448.2

4,013.0

4,158.3

(34.5)

Trade Payables

(23.0)

Interest Bearing Debt

(FX impact)

+51.0

(+46.1)

Other

+42.3

(+50.4)

Total Liabilities

+97.5

Total Shareholders'

Equity

+12.0

Total Accumulated Other

Comprehensive Income

Non-Controlling Interests

Total Net Assets

+145.3

Total Liabilities

and Net Assets

446.0

481.5

+35.6

(FX impact)

960.4

884.8

(75.6) (+38.6)

495.9 563.5 +67.6

1,902.2 1,929.8 +27.6

1,628.8

1,634.7

+5.9

271.1 380.9 +109.8

210.9 212.9 +1.9

2,110.8 2,228.5 +117.7

4,013.0 4,158.3 +145.3

-8-

1-6. Statement of Cash Flows

FY2022

FY2023

Difference

￥bn

1H①

1H②

②－①

Profit before Income Taxes

66.3

56.5

(9.8)

Depreciation and Amortization

97.6

101.9

+4.3

Changes in Working Capital

△2.8

77.1

+79.9

Other

△36.6

△12.5

+24.1

Cash Flows from Operating Activities

124.5

223.0

+98.5

Cash Flows from Investing Activities

△92.8

△96.1

(3.4)

Free Cash Flow

31.7

126.8

+95.1

Cash Flows from Financing Activities

△19.9

△169.2

(149.3)

Other

9.1

9.1

+0.0

Increase(Decrease) in Cash and Cash Equivalents

20.9

△33.2

(54.2)

Cash and Cash Equivalents at the End of Year

276.5

246.2

(30.3)

-9-

2-1. FY2023 forecasts (PL)

bn Net Sales Operating Profit

Ordinary Income

Profit Attributable to Owners of the Parent

Dividend(/share)

USD

EUR

Copper

FY2022

FY2023

FY2023

Previous

Revised

Actual①

Plan➁

Plan③

4,005.6

4,100.0

4,300.0

177.4

180.0

200.0

173.3

170.0

183.0

112.7

100.0

110.0

50

50

50

(2nd half)

136

130

140

141

140

150

1209k/t

1200k/t

1200k/t

Growth

Dfference

③－①

③－②

+294.4

+200.0

+22.6

20.0

+9.7

+13.0

(2.7)

10.0

0.0

0.0

-10-

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Sumitomo Electric Industries Ltd. published this content on 02 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 November 2023 06:40:45 UTC.