Sumitomo Electric Industries' (TYO:5802) profit attributable to owners of the parent surged 91% to 369.5 billion yen for the fiscal year 2025 from 193.8 billion yen a year earlier.
The fiber optic cable manufacturer's earnings per share increased to 473.78 yen from 248.47 yen a year ago, according to a Tokyo bourse filing on Tuesday.
Net sales jumped 9.2% to 5.110 trillion yen for the year ended March 31 from nearly 4.68 trillion yen in the prior year.
In a separate disclosure, Sumitomo Electric Industries raised its final dividend to 104 yen per share, from 68 yen per share, payable from June 29.
For the fiscal year 2026, the company expects attributable profit of 320 billion yen, basic EPS of 102.57 yen, and net sales of 5.3 trillion yen.
Sumitomo Electric plans to pay interim and year-end dividends of 19 yen and 20 yen per share, respectively, for the year.