Sumitomo Electric Industries, Ltd. (SMTOY)
Sumitomo Electric Industries, Ltd. operates in the Electrical Equipment & Parts industry of the Industrials sector, headquartered in Osaka, OS, JP. The stock last traded at $7.27, up 10.15% on the session, giving a market capitalisation of $45.36B. On trailing twelve-month figures it carries a trailing P/E of 17.67, a net margin of 7.6%. Its beta of 0.89 implies it has historically moved less than the broad market.
Sumitomo Electric Industries, Ltd. is a global enterprise specializing in the production and distribution of electrical wires and cables. The company operates through a diversified structure encompassing Automotive, Infocommunications, Electronics, Environment and Energy, and Industrial Materials and Other segments. Its extensive product offerings include complete wiring harnesses, electrical components, and specialized steel materials for the automotive industry. For infocommunications, it delivers advanced fiber optic systems, data center solutions, intelligent transport technologies, and a wide array of optical and wireless devices. The electronics division provides a broad spectrum of electronic wires, flexible printed circuits, protective tubings, and various plated wires and components. Furthermore, Sumitomo Electric develops and supplies systems for energy management and environmental sustainability. Its Industrial Materials segment offers crucial components for railway and transport machinery, high-performance steel wires, precision grinding and cutting tools, laser optics, and specialized alloy parts. Established in 1897 in Osaka, Japan, the company was originally named Sumitomo Electric Wire & Cable Works before adopting its current identity in 1939.
Sumitomo Electric Industries, Ltd. is most often compared with the following Industrials names: