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住友電工---大幅反発、業績上方修正で過度な警戒感が後退へ

Sumitomo Electric Industries --- significant rebound, excessive caution subsides with upward revision of performance.

Fisco Japan ·  Nov 5, 2024 14:08

Sumitomo Electric Industries <5802> rebelled drastically. Financial results for the first half of the year were announced last weekend, and operating profit was 119.3 billion yen, an increase of 77.2% from the previous fiscal year, which surpassed the previous plan of 106 billion yen. The full-year forecast was raised from the previous 250 billion yen to 260 billion yen, an increase of 14.7% from the previous fiscal year. The annual dividend plan has also been increased from 72 yen to 77 yen. Although the upward correction range is limited, it seems that a sense of caution was also intensifying due to the effects of the current slump in global automobile production, and it seems that excessive concerns have been greatly dispelled.

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