ShanghaiJune 17, 2026 /PRNewswire/ — Sumitomo Electric Industries, Ltd. (hereinafter “Sumitomo Electric”) has formulated the “Medium-Term Management Plan 2028,” covering a three-year period from fiscal 2026 to fiscal 2028.
In the “Medium-Term Management Plan 2028,” Sumitomo Electric has positioned “Digital & AI,” “Energy,” and “Mobility” as the “Three Key Focus Areas.” The company plans to invest a cumulative total of 1 trillion yen over three years in capital expenditures and other initiatives, including in the “Convergence Areas” encompassing these fields. By leveraging the Group’s comprehensive strengths based on technological capabilities, Sumitomo Electric aims to accurately respond to global changes, capture demand for GX (Green Transformation) and DX (Digital Transformation), and actively promote related efforts.
In the target year of 2028, the company aims to achieve “6 trillion yen in sales” (an increase of approximately 1 trillion yen from actual results in fiscal 2025) and “600 billion yen in operating profit” (an increase of approximately 50% from actual results in fiscal 2025). While driving further growth of the Group, it also strives to achieve a “pre-tax ROIC of over 15%” to further enhance asset efficiency.
1. Overall Vision
Based on the “Sumitomo Business Spirit” and the “Sumitomo Electric Group Management Philosophy,” the company will further strengthen its business foundation, consisting of the “Three Capitals” and the “Three Drivers,” while conducting operations centered on the “Three Key Focus Areas” and their “Convergence Areas.”
Overall Vision Diagram
2. Business Strategy (Key Themes in the “Three Key Focus Areas”)
(1) “Digital & AI” Field
Aiming to increase market share in North American hyperscale data centers by introducing various high-performance products that support advanced digital infrastructure.
(2) “Energy” Field
Enhancing global cable production and construction capabilities to win more orders as a “localized company.”
(3) “Mobility” Field
Leveraging the Group’s top global market share in wire harnesses and its comprehensive strengths to become a “global mobility supplier.”
3. Numerical Targets (Unit: 100 million yen)
Numerical Targets
4. “Five-Way Good” (Multi-Stakeholder Capitalism)
“Five-Way Good” is a fundamental concept that the Sumitomo Electric Group has consistently upheld based on the Sumitomo business philosophy. Sumitomo Electric will prosper together with multiple stakeholders, namely “Customers,” “Employees,” “Suppliers,” “Local Communities,” and “Shareholders/Investors,” committing to sustainable development and the enhancement of medium- to long-term corporate value. In the “Medium-Term Management Plan 2028,” Sumitomo Electric will also set specific and quantifiable targets for value distribution to these stakeholders and strive to put them into practice.
Five-Way Good
This plan aims to fully leverage the Group’s comprehensive strengths, accurately respond to changes in the business environment, and effectively capture demand related to green and digital transformations, thereby enhancing global competitiveness and long-term corporate value.