(English Translation)
To Whom It May Concern:

July 31, 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 Earnings Forecast and Dividend Forecast
Sumitomo Electric Industries, Ltd. (''the Company'') hereby announces its consolidated earnings forecast and dividend forecast for
the fiscal year ending March 31, 2021, which had been undetermined at the time of the announcement of its results for the fiscalyear ended March 31, 2020 (on May 19, 2020).
1. Consolidated earnings forecast(1) Consolidated earnings forecast for the first half of the fiscal year ending March 31, 2021 (April 1, 2020 - September 30, 2020)(Millions of yen, except per share figures)
Profit attributable
Earnings per share
Net sales
Operating income Ordinary income to owners of the(yen)parentPrevious forecasts (A)－－Revised forecasts (B)1,200,000

Difference (B-A)－－－－－

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

1,523,770-35,000

45,976－-45,000－－-50,000

48,100-64.1128,01335.92(2) Conolidated earnings forecast for the fiscal year ending March 31, 2021 (April 1, 2020 - March 31, 2021)(Millions of yen, except per share figures)
Profit attributable
Earnings per share
Net sales
Operating income Ordinary income to owners of the(yen)parentPrevious forecasts (A)－－Revised forecasts (B)2,750,000

Difference (B-A)－－－－－

Increase/decrease (%)－－－－－(For reference)
Actual for the previous fiscal yearended March 31, 2020

3,107,027

127,216

130,498

55,000－－48,000－10,00072,720

12.82

93.24

(3) Reason for the announcement
The Company’s consolidated earnings forecast for the fiscal year ending March 31, 2021, had been undetermined because of thedifficulty in making a reasonable estimate of the impact of COVID-19, but in view of the gradual recovery of economic activities due tothe termination of the state of emergency in Japan and the lifting or relaxation of lockdown, restrictions on outings, etc. in overseas
countries, the Company decided to announce its consolidated earnings forecast on the basis of the currently available information.
This forecast is based on the assumption that COVID-19 will be gradually settled towards the end of this fiscal year and the situation
will not change significantly due to the second wave, etc. although the future of COVID-19 remains uncertain.
In order to overcome this unprecedented difficulty and come back to a growth path, the Company is taking actions for the quick
business recovery and making strong constitution of company which can withstand any kind of environment by company-wide effort forthe further improvement of “SEQCDD” (safety, environment, quality, cost, delivery and R&D).

2. Dividend forecast(1) Dividend forecast(Yen)
Interim

Dividend per share
Year-EndTotal

Previous dividend forecast－－－

Revised dividend forecast

16.00

16.00

32.00

(For reference)
Actual for the previous fiscal year
ended March 31, 2020

24.00

16.00

40.00

(2) Reason for the announcement
Our basic policy for dividend is to maintain stable dividend payout and make comprehensive judgement based on consolidated financial
results, dividend payout ratio, level of retained earnings, etc., and to pay dividend twice a year through an interim dividend and a yearend dividend.
The dividend forecast of this term had been undetermined because of the difficulty in planning the consolidated earnings forecast, but
along with the today’s announcement of consolidated earnings forecast as described in above 1., the Company decided to announce thatthe annual dividend forecast is set at 32 yen per share (interim dividend of 16 yen and year-end dividend of 16 yen).
※ This material contains forward-looking statements, based on judgments and estimates that have been made on the basis ofcurrently available information. Therefore, the final results might be different from the forecast due to various factors.