Sumitomo Electric Industries: Automotive Segment Results Snapshot (November 17, 2021)

Overview of Automotive Segment Results

Global Automobile Production (2019-2021)

* exercise basis (10,000 units)

10,000

2H

5,000

1 hour

0

Source: IHS Markit Worldwide Light Vehicle Forecasts (November 2021 drafts)

-4??

+10??

8 109

8,193

7,434

7 118

3 932

4.349

4,258

3,728

1 hour2H

+ 10%

FY2019

FY2020

FY2021

FY2021

Real

Real

Original plan

Revised plan

Even if + 10% yoy was planned in the original plan for 2021, the revised plan is -4% year on year due to the semiconductor shortage and the expansion of COVID-19 in ASEAN countries.

Harness orders (2019-2021)

20202021 original plan

2020Revised plan 2021

Automotive production: + 10%

Automobile production: -4%

* Indexed with 2019 as 1

Harness orders: + 15%

Harness orders: + 7%

1.11

1.04

1.00

0.97

0.61

0.50

0.59

2H

0.56

1 hour2 hours

0.50

0.51

0.45

+ 30%

0.41

1 hour

FY2019

FY2020

FY2021

FY2021

Real

Real

Original plan

Revised plan

2021 1H2H + 30% expected due to the launch of a new order taking model

Automotive segment profit (2020-2021)

1,602.01750.0

100.0

48.2

50.0

(2.9%)

50.0

(3.0%)

??

(24.7)

51.0

75.7

0.0

??

(1.0)

(27.5)

+26.5

(50.0)

FY2020

FY2021

Real

Revised plan

(¥ md)

1,840.0

85.0

(4.6%)

65.0

20.0

FY2021

Previous plan

in August

1H: Significant year-on-year increase due to recovery from impact of COVID-19

2H: Decrease expected year-on-year due to soaring material prices and logistics costs, while an increase is expected on an annual basis

Automotive segment PO variation factors

from 1st semester FY2020 to 1st semester FY2021 (+26.5)

Sales volume

Direct Indirect ??bn??

cost reduction

(27.5)

To augment

and others

(1.0)

+54.5

+11.4

Copper price

and materials

(15.0)

Semiconductor

Unit price /

FY2020

shortages

FY2021

The range of products

1H Real

(14.5)

(29.4)

1H Real

Logistics

fresh (9.9)

+26.5

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Disclaimer

Sumitomo Electric Industries Ltd. published this content on November 29, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on November 29, 2021 12:10:07 PM UTC.

Public now 2021

All news about SUMITOMO ELECTRIC INDUSTRIES, LTD.

Analyst Recommendations on SUMITOMO ELECTRIC INDUSTRIES, LTD.
Sales 2022 3,300 B
29,103 million
29,103 million
Net income 2022 96,543 million
851 million
851 million
Net debt 2022 526 B
4,640 M
4,640 M
PER 2022 ratio 12.8x
Yield 2022 2.97%
Capitalization 1 239 B
10 930 M
10 927 million
VE / Sales 2022 0.53x
VE / Sales 2023 0.47x
Number of employees 286,784
Free float 93.8%

Chart SUMITOMO ELECTRIC INDUSTRIES, LTD.
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Technical Analysis Chart of Sumitomo Electric Industries, Ltd.  |  MarketScreener

Technical Analysis Trends SUMITOMO ELECTRIC INDUSTRIES, LTD.

Short term Mid Road Long term
Tendencies Bullish Neutral Neutral

Evolution of the income statement

To sell

To buy

Average consensus TO BUY
Number of analysts 9
Last closing price

JPY 1,588.50

Average price target

JPY 1,863.33

Spread / Average target 17.3%
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