Fujikura × Sumitomo Electric Industries Comparing major electric wires that are essential for power supply [lifetime salary of rival companies]

(Nikkan Gendai)

Last week, there was a lot of talk about power shortages due to sudden cold weather, such as snow falling in the city center. TEPCO seems to have survived the crisis by receiving power interchange from Chubu Electric Power and Kansai Electric Power. Electricity is transmitted to each home through electric wires. Chubu Electric Power × Tohoku Electric Power Comparing the Lifetime Salaries of Two Major Electric Power Companies, Which Continue to Raise Rates This time, let's compare the employee benefits of "Fujikura" and "Sumitomo Electric Industries", which handle the electric wire business in the non-ferrous metal industry. "Fujikura is one of the three electric wire companies." An independent non-ferrous metal manufacturer that manufactures optical fibers and wire harnesses. It is one of the world's leading flexible printed circuit boards used in mobile phones and digital cameras. The history of the company begins in 1885 (Meiji 18). It was the manufacture of silk and cotton winding wire. In 1910 (Meiji 43), the company name was changed to Fujikura Electric Wire with the aim of expanding the scale of the electric wire business. Sumitomo Electric is the domestic leader in the electric wire business. It is also the largest manufacturer of non-ferrous metals. We have strengths in communication infrastructure such as optical fiber, and we have many products with the world's top market share. As you can see from the company name, it is one of the companies that support the Sumitomo Group. "What about your business performance?" Let's make a comparison in the fiscal year ending March 31, 2021 (consolidated). Sales are 643.7 billion yen for Fujikura and 2.9186 trillion yen for Sumitomo Electric. Operating income was 24.4 billion yen and 113.9 billion yen, while net income was a deficit of 5.4 billion yen and a surplus of 56.3 billion yen. According to the securities report, the average annual income of Fujikura's employees is 6,386,000 yen and Sumitomo Electric's is 7,780,000 yen. The estimated annual income by age is 6.04 million yen for Fujikura and 6.49 million yen for Sumitomo Electric at the age of 30. At the age of 40, it was 6.92 million yen and 7.43 million yen, and at the age of 50 it was 6.88 million yen and 7.39 million yen. "The lifetime salary is like this." ▽Fujikura: 254.15 million yen ▽Sumitomo Electric Industries: 294.99 million yen If employees of both companies continue to spend on average according to this income, the estimated assets (possible savings) at the age of 65 will be Fujikura 7319 10,000 yen, Sumitomo Electric 77,340,000 yen. At the age of 85, it is 71.52 million yen and 72.41 million yen. It seems that both of them are waiting for a stable old age. (Data provided by “Milize” = https://milize.co.jp/)