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Consolidated Statements of Cash Flows SUMITOMO ELECTRIC INDUSTRIES, LTD. AND CONSOLIDATED SUBSIDIARIES For the years ended March 31, 2012 and 2011 Cash Flows Income Adjustments minority Depreciation Impairment Interest Interest Equity Increase Loss Gain Loss Increase Provision (Increase) (Increase) Increase Other, Subtotal........................................................................................... Interest Interest Payments Income Income Net Cash Flows Expenditures Proceeds Expenditures Proceeds Expenditures Special Expenditures consolidated Other, net................................................................................................ Net Cash Flows Net increase Proceeds Repayment Proceeds Sale of Purchase Cash dividends Cash dividends Other, net................................................................................................ Net Effect of Net Increase Cash and Increase Closing Cash and Cash and Increase Merger Cash and The accompanying 48 SUMITOMO ELECTRIC from Operating before income to reconcile interests to and amortization............................................................. losses and dividend expense.................................................................................. in net income............................................................................ (decrease) on disposal of on sales of investment on valuation (decrease) for surcharge........................................................................ decrease decrease (decrease) net............................................................................................ and dividend paid........................................................................................ for surcharge taxes paid............................................................................... tax refunds.............................................................................. cash provided from Investing for purchase from sales for purchase from sales for purchase dividend distribution for acquisition subsidiaries...................................................................... cash used in from Financing (decrease) from bonds of bonds from issuance treasury stock............................................................................. of treasury paid............................................................................... paid cash used in Exchange Rate (Decrease) Cash Equivalents (Decrease) Period of Consolidated Cash Equivalents Cash Equivalents in Cash and with Unconsolidated Cash Equivalents notes Annual Report 2012 Millions of yen 2012 2011 99,941 ¥113,781 76,653 96,969 508 11,336 (4,218) 5,378 (20,527) (23,861) 1,496 2,192 (6,679) 2,162 (4,114) 2,102 (47,628) (16,232) (20,174) (52,521) 17,331 21,658 2,955 12,281 107,378 163,248 9,140 10,411 (5,480) — (29,338) (29,998) 4,351 86,051 139,298 (121,411) (91,163) 2,115 (12,803) 10,710 10,766 (2,403) 4,723 (229) (9,925) (10,154) (129,223) (86,551) 33,823 (13,768) 26,264 55,793 (42,776) (51,184) 786 0 (2) (15,075) (14,280) (4,772) (639) (2,391) (27,845) 541 (45,022) 22,182 192,092 175,617 (7,610) 3,273 (374) — ¥142,359 ¥192,092 statements. Thousands of U.S. dollars (Note 1) 2012 $1,215,975 932,632 6,181 (51,320) 65,434 (249,751) 18,202 26,670 (81,263) 26,305 (50,055) 25,575 (579,486) (245,456) 210,865 35,953 1,306,461 111,206 (66,675) — (356,953) 52,938 1,046,977 (1,477,199) 25,733 (155,773) 130,308 (29,237) 57,464 (2,786) (120,757) (1,572,247) 411,522 319,552 (520,453) 9,563 0 (24) (183,416) (58,060) (7,775) (29,091) 6,582 (547,779) 2,337,170 (92,590) 39,822 (4,550) — $1,732,072 Activities: taxes and minority interests................................. ¥ income before income taxes and net cash provided by operating activities: of fixed assets........................................................ income............................................................... (4,355) 5,189 in accrued pension and severance costs.............. (868) property, plant and equipment.............................. 2,296 securities................................................. (7,826) of investment securities........................................... 1,287 in provision for loss on disaster ............................ 4,114 — in trade notes and accounts receivable................. in inventories........................................................ in trade notes and accounts payable.................... received............................................................. (5,204) ..................................................................... (6,763) 7,604 by operating activities......................................... Activities: of property, plant and equipment................... of property, plant and equipment............................ 3,518 of securities................................................... (7,413) and redemption of securities.................................. of investments in subsidiaries........................ (1,551) received from an affiliate............................. 9,446 of shares of newly — investing activities................................................. Activities: in short-term debt.............................................. and long-term debt.............................................. and long-term debt............................................... of stock to minority shareholders...................... 135 0 stock..................................................................... (5) to minority shareholders......................................... (3,489) (1,047) financing activities................................................. Changes on Cash and Cash Equivalents... (2,720) in Cash and Cash Equivalents..................... at Beginning of Year................................ in Cash and Cash Equivalents from Change in Subsidiaries (Note 2a)...................... (689) of Newly Consolidated Subsidiaries...... 1,037 of Deconsolidated Subsidiaries............. (6,322) Cash Equivalents Resulting from Subsidiaries......................................... 267 at End of Year (Note 3)............................. to consolidated financial statements are an integral part of these
Notes to Consolidated Financial Statements SUMITOMO ELECTRIC INDUSTRIES, LTD. AND CONSOLIDATED SUBSIDIARIES March 31, 2012 and 2011 1. BASIS OF PRESENTING CONSOLIDATED FINANCIAL STATEMENTS Sumitomo Electric Industries, Ltd. (the “Company”) and its domestic consolidated subsidiaries maintain their accounts and records in Japanese yen, and in accordance with the provisions set forth in the Japanese Corporate Law (the “Law”), the Japanese Financial Instruments and Exchange Act and its related accounting regulations and in conformity with accounting principles generally accepted in Japan (“Japanese GAAP”), which are different in certain respects as to application and disclosure requirements of International Financial Reporting Standards. The accounts of overseas consolidated subsidiaries are prepared in accordance with either International Financial Reporting Standards or U.S. generally accepted accounting principles, with adjustments for the specified five items as applicable. The accompanying consolidated financial statements have been restructured and translated into English, with some expanded descriptions, from the consolidated financial statements of the Company prepared in accordance with Japanese GAAP and filed with the appropriate Local Finance Bureau of the Ministry of Finance in Japan as required by the Japanese Financial Instruments and Exchange Act. Some supplementary information included in the statutory consolidated financial statements prepared in Japanese, but not required for fair presentation, is not presented in the accompanying consolidated financial statements. The translations of the Japanese yen amounts into U.S. dollars are included solely for the convenience of readers outside Japan, using the prevailing exchange rate at March 31, 2012, which was ¥82.19 to U.S.$1.00. These translations should not be construed as representations that the Japanese yen amounts have been, could have been, or could in the future be, converted into U.S. dollars at this or any other rate of exchange. 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES a) Consolidation The consolidated financial statements include the accounts of the Company and all of its significant subsidiaries. All significant intercompany transactions and balances have been eliminated. The difference between the cost of investments in consolidated subsidiaries and the underlying equity at dates of acquisition is amortized over periods within 20 years; however, most are in five years. Investments in significant affiliates and unconsolidated subsidiaries are accounted for by the equity method. Investments in unconsolidated subsidiaries and affiliates, not accounted for by the equity method, are stated at cost. All of the overseas consolidated subsidiaries that have the fiscal year ending December 31 processed additional financial closings at March-end for consolidation purposes, aiming at a more appropriate disclosure. 62 overseas consolidated subsidiaries have changed the fiscal year-end from December 31 to March 31 starting from April 1, 2011. 42 overseas consolidated subsidiaries that have the fiscal year ending December 31 have changed to process additional financial closings at March-end for consolidation purposes, aiming at a more appropriate disclosure. As a result of these changes, the Company consolidated the 12 months’ result from April 1, 2011 to March 31, 2012. As for those 104 (62 plus 42) companies, 3 months gains and losses from January 1, 2011 to March 31, 2011, are included in the retained earnings on the Balance Sheet. Additionally, 3 months cash flows during the period are included in an adjustment item of cash and cash equivalents at the beginning of year on the Statements of Cash Flows. 110 overseas consolidated subsidiaries reported on a calendar year for consolidation purpose in fiscal 2011. Necessary adjustments, such as significant transactions that occurred during January 1 to March 31, 2011, were included. All but 110 of the overseas consolidated subsidiaries that have the fiscal year ending December 31 processed additional financial closings at March-end for consolidation purposes, aiming at a more appropriate disclosure. 44 overseas consolidated subsidiaries changed the fiscal year-end from December 31 to March 31 starting from April 1, 2010. 21 overseas consolidated subsidiaries that have the fiscal year ending December 31 changed to process additional financial closings at March-end for consolidation purposes, aiming at a more appropriate disclosure. As a result of these changes, the Company consolidated the 12 months’ result from April 1, 2010 to March 31, 2011. As for those 65 (44 plus 21) companies, 3 months gains and losses from January 1, 2010 to March 31, 2010, were included in the retained earnings on the Balance Sheet. Additionally, 3 months cash flows during the period were included in an adjustment item of cash and cash equivalents at the beginning of year on the Statements of Cash Flows. Annual Report 2012 SUMITOMO ELECTRIC 49
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 and 24: Net Sales (Billions of yen) 1,200 1
Page 25 and 26: Net Sales (Billions of yen) 300 250
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: Consolidated Statements of Changes
Page 53 and 54: 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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