(English Translation)
To whom it may concern:

November 2, 2023

Company name:

Sumitomo Electric Industries, Ltd.

Representative:

Osamu Inoue, President and COO(Code No: 5802, Tokyo Stock Exchange, Nagoya
Stock Exchange, and Fukuoka Stock Exchange)
Kazunari Inoue,

Contact details:

General Manager, Accounting Division
TEL +81-6-6220-4141

Notice of Differences between Consolidated Financial Forecasts and Actual Results for the First Half of theFiscal Year ending March 31, 2024 and Revisions to the Full-Year Consolidated Financial Forecasts
Sumitomo Electric Industries, Ltd. (''the Company'') hereby announces the differences between the consolidated financial forecasts for thefirst half of the fiscal year ending March 31, 2024 (from April 1, 2023 to September 30, 2023) announced on May 12, 2023 and the actual
results that were announced today, as shown below:
Also, based on the latest trend of business performance, etc. the Company announces the revisions to the full-year consolidated financial
forecasts for the fiscal year 2023 (from April 1, 2023 to March 31, 2024), as shown below:
1. Differences between the consolidated financial forecasts and the actual results for the first half of the fiscal year ending March 31, 2024
(from April 1, 2023 to September 30, 2023)

Net sales(Millions of yen, except per share figures)
Profit attributable
Earnings per share
Operating income Ordinary income to owners of the(yen)parentPrevious forecasts (A)（announced on May 12, 2023）

1,950,000

50,00044,00022,00028.21

Actual results (B)2,072,103

67,32960,75926,696

34.23

Difference (B-A)

122,103

17,32916,759

4,696

－

6.3

34.7

38.1

21.3

－

1,891,076

49,73960,87435,06844.97Increase/decrease (%)(For reference)
Actual results for the first half of theprevious fiscal year ended March 31, 2023

2. Revisions to the full-year consolidated financial forecasts for the fiscal year ending March 31, 2024
(from April 1, 2023 to March 31,2024)

Net sales(Millions of yen, except per share figures)
Profit attributable
Earnings per share
Operating income Ordinary income to owners of the(yen)parentPrevious forecasts (A)（announced on May 12, 2023）

4,100,000

180,000

170,000

100,000

128.23

Revised forecasts (B)4,300,000

200,000

183,000

110,000

141.05Difference (B-A)

200,000

20,00013,00010,000－

4.9

11.1

7.6

10.0

－

4,005,561

177,443

173,348

112,654144.45

Increase/decrease (%)(For reference)
Actual results for the previous fiscal year
ended March 31, 2023

3. Reason for the differences and the revisions
Regarding the consolidated financial results for the first half of the fiscal year ending March 31, 2024, net sales, operating income,ordinary income and profit attributable to owners of the parent have exceeded the previous forecasts due to the depreciation of the Japanese
yen in addition to a recovery in the production of automobiles resulting from a mitigation of a short supply of semiconductors and otherparts.
Regarding the revised full-year consolidated financial forecasts for the fiscal year ending March 31, 2024, based on the fact that the actual
results for the first half of the fiscal year ending March 31, 2024 exceeded previous forecasts and an expectation of the business environment
for the second half, the Company has revised up net sales, operating income, ordinary income and profit attributable to owners of the parent.

※ This material contains forward-looking statements, based on judgments and estimates that have been made on the basis of currently
available information. Therefore, the final results might be different from the forecast due to various factors.