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Review of Operations Information & Communications XFP/X2/SFP+ Transceivers Responding to the increasing demands for larger transmission capacity, our optical transceivers provide a maximum data rate of 10 Gbps. These ultra-small optical transceivers are hot-pluggable. Products for Network Access MegaBit Gear To build a ubiquitous network society, we offer a variety of products including gigabit Ethernet-passive optical network (GE-PON) and very-high-bit-rate digital subscriber line (VDSL) devices, as well as IP telephone adapters and home gateways. Optical Fiber Preforms To generate optical fiber, silica glass preform is drawn into hair-thin core fiber, and then coated with resin for protection. Electronic Devices for Wireless Communications Our field-effect transistors (FETs) and monolithic microwave integrated circuits (MMICs) are essential for mobile communication applications including satellite communications and WiMAX. . Ethernet is a trademark of Xerox Corporation. . WiMAX is a trademark or registered trademark of the WiMAX Forum. Segment Overview The segment provides key products and devices that support optical communications, such as optical fibers, cables, connectors, fusion splicers, GE-PON (Gigabit Ethernet Passive Optical Network) devices and other access network equipment, as well as electronic devices and antenna products for wireless communications. The segment also provides various products for supporting the Information and Communication Technology (ICT) society such as traffic control systems and other Intelligent Transportation System (ITS) devices. Key Challenges and Responses in Fiscal 2012 Across the segment as a whole, in fiscal 2012 sales fell 25.7% year on year to ¥162 billion, while operating income decreased ¥8.9 billion year on year, resulting in a ¥5.9 billion operating loss, due to the reduced production of optical fibers and cables as well as optical and electronic devices following the earthquake disaster and rapid yen appreciation, which dented profitability. In the business related to optical fibers and cables, we strengthened capacity at our production bases in China, where demand is the highest in the world. We also started operation of a sales company in India, SEI Trading India Private Limited, in November 2011. In the second half of the year, after recovery from the earthquake, we achieved a record high fiber production volume. 22 SUMITOMO ELECTRIC Annual Report 2012
Net Sales (Billions of yen) 300 250 200 150 100 50 0 Commuture 276 275 271 218 162 2008 2009 2010 2011 2012 Others Access Network Equipment Optical & Electronic Devices Fiber • Cable /Accessories R&D Expenses and as a Percentage of Net Sales R&D Expenses R&D Expenses / Net Sales (Billions of yen) (%) 20 10.0 15 10 4.4 4.9 6.5 7.8 9.9 7.5 5.0 5 2.5 0 12 13 18 17 16 2008 2009 2010 2011 2012 0 Capital Expenditure (Billions of yen) 25 20 15 10 5 0 8 9 13 19 15 2008 2009 2010 2011 2012 Issues Being Tackled in Fiscal 2013 In optical fibers, cables and equipment, we are working on thorough cost reduction, while also boosting our sales capability in emerging markets such as China. In optical and electronic devices, we will be concentrating on developing and increasing sales of new products including devices for LTE (Long Term Evolution; nextgeneration mobile communication services) and 40/100Gbps devices for long-distance transmission. We are also working to quickly restore our earning power through measures such as strengthening our product lineup and increasing sales through the acquisition of EMCORE Corporation’s compound semiconductor device operations, and promoting mass production of low-cost GaN products for use in base stations. Strategic Topics Acquisition of EMCORE Corporation’s compound semiconductor device operations targeting the enterprise market Sumitomo Electric Device Innovations U.S.A., Inc., a subsidiary of Sumitomo Electric, has concluded an asset purchase agreement with EMCORE Corporation, a manufacturer and distributor of optical components and systems that utilize compound semiconductor devices, concerning EMCORE Corporation’s compound semiconductor device operations targeting the enterprise market. To date, the Sumitomo Electric Group has focused on optical communications products for high-speed/long-distance transmission using single mode optical fiber, and has a large market share in this field. Going forward, we aim to further enhance our presence in the optical communications market by stepping up the provision of products to the cloud data center market, and to seize business opportunities. Annual Report 2012 SUMITOMO ELECTRIC 23
Page 1 and 2: Annual Report 2012 Information & Co
Page 3 and 4: Glorious Excellent Company The Sumi
Page 5 and 6: Review of Operations Automotive Inf
Page 7 and 8: Society our daily lives. The Sumito
Page 9 and 10: uri Capabilities a leading position
Page 11 and 12: Materials with a Global Impact year
Page 13 and 14: World Stage The Americas In fiscal
Page 15 and 16: Net Sales Operating Income Net Inco
Page 17 and 18: Masayoshi Matsumoto President and C
Page 19 and 20: VISION 2012 Q3 As mentioned earlier
Page 21 and 22: Segments Performance Sumitomo Elect
Page 23: Net Sales (Billions of yen) 1,200 1
Page 27 and 28: Net Sales (Billions of yen) 250 200
Page 29 and 30: Net Sales (Billions of yen) 700 600
Page 31 and 32: & Net Sales (Billions of yen) 300 2
Page 33 and 34: anisotropic conductive film for fin
Page 35 and 36: Highlights of Fiscal 2012 Our Respo
Page 37 and 38: Board of Directors The Board of Dir
Page 39 and 40: Strengthened Competition Law Compli
Page 41 and 42: short-term fluctuations in interest
Page 43 and 44: Financial Section 2012 Five-Year Fi
Page 45 and 46: Management’s Discussion and Analy
Page 47 and 48: Consolidated Balance Sheets Million
Page 49 and 50: Consolidated Statements of Changes
Page 51 and 52: Notes to Consolidated Financial Sta
Page 69 and 70: Independent Auditor’s Report To t
Page 71 and 72: • Sumitomo Electric Semiconductor
Page 73 and 74: Company Information Investor Inform

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