Sumitomo Electric Industries stock falls 2.03 percent as Q1 profit rises

Published on 10/07/2026 at 06:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Sumitomo Electric Industries stock traded at JPY 2,484 on October 7, 2026, while Q1 revenue reached JPY 1.33 trillion. Net income rose 89 percent year over year.

Sumitomo Electric, JP3402600005, Illustration mit AI erstellt.

Sumitomo Electric Industries stock (ISIN JP3402600005) was trading at JPY 2,484 on the Tokyo Stock Exchange at 12:44 p.m. JST on October 7, 2026, down 2.03 percent from the prior close. The latest reported quarter delivered a sharper operating picture, with net income rising 89 percent year over year.

Q1 profit rises sharply

According to Simply Wall St, first-quarter fiscal 2027 revenue reached JPY 1.33 trillion for the period ended June 30, 2026, up 16 percent from the comparable quarter. Net income increased to JPY 66.4 billion from JPY 35.1 billion, while earnings per share rose to JPY 21.29 from JPY 11.26.

The comparison shows where the quarterly improvement came from: revenue growth was accompanied by a 5.0 percent profit margin, up from 3.1 percent a year earlier. Revenue exceeded analyst estimates by 9.5 percent, but earnings per share missed estimates by 2.0 percent, creating a mixed signal beneath the headline profit increase.

Consensus leaves room above

The 12-month consensus on Investing.com is Buy, based on 11 analysts, including 10 Buy ratings and 1 Hold rating. The average target is JPY 3,447.27, with a high of JPY 5,300 and a low of JPY 2,600.

Against the JPY 2,484 trading price on October 7, 2026, the average target lies 38.8 percent above the price. The spread between the low target and the current quote also matters, because the low target is only JPY 116 above the stock's intraday level.

Stock slips below JPY 2,500

The intraday range on October 7, 2026, was JPY 2,472 to JPY 2,587, with volume at 10,411,300 shares. The stock remains below its 52-week high of JPY 3,712.50 and above its 52-week low of JPY 1,078.75.

Sumitomo Electric Industries had a market capitalization of JPY 7.7 trillion on October 7, 2026. Its next reported results are scheduled for October 30, 2026, according to Simply Wall St.