(English Translation)
To Whom It May Concern:

November 6, 2020
Company Name:

Sumitomo Electric Industries, Ltd.

Representative:

Osamu Inoue, President and COO

Code Number:

5802 (TSE, NSE, FSE)

Contact:

Kenichiro Hizume,
General Manager of 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, 2021 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, 2021 (from April 1, 2020 to September 30, 2020) announced on July 31, 2020 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 2020 (from April 1, 2020 to March 31, 2021), as shown below:
1. Differences between the consolidated financial forecasts and the actual results for the first half of the fiscal year ending March 31,2021 (from April 1, 2020 to September 30, 2020)

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 July 31, 2020）

1,200,000-35,000-45,000-50,000-64.11

Actual results (B)1,239,287-11,414-24,043-41,872-53.69Difference (B-A)

39,287

23,586

20,957

8,128

－

3.3

－－－－

1,523,770

45,976

48,10028,013

35.92

Increase/decrease (%)(For reference)
Actual results for the first half of theprevious fiscal year ended March 31, 2020

2. Revisions to the full-year consolidated financial forecasts for the fiscal year ending March 31, 2021 (from April 1, 2020 to March 31,2021)

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 July 31, 2020）

2,750,000

55,00048,00010,00012.82

Revised forecasts (B)2,800,000

70,00061,00015,00019.23

Difference (B-A)

50,00015,00013,0005,000－1.827.3

27.1

50.0

－

3,107,027

127,216

130,498

72,72093.24

Increase/decrease (%)(For reference)
Actual results for the previous fiscal year
ended March 31, 2020

3. Reason for the differences and the revisions
Regarding the consolidated financial results for the first half of the fiscal year ending March 31, 2021, net sales, operating income,ordinary income and profit attributable to owners of the parent have exceeded the previous forecasts due to cost reduction effect byproductivity improvement and reduction of fixed cost, etc. in addition to the fact that global automobile production volume had exceeded theforecasts.
Regarding the revised full-year consolidated financial forecasts for the fiscal year ending March 31, 2021, although the future of COVID19 still remains uncertain due to increase of infected patients in Europe, etc., on the premise that future economic trends will not change
significantly due to massive restrictions on economic and social activities, and based on the fact that the actual results for the first half of thefiscal year ending March 31, 2021 exceeded previous forecasts, 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.