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Sumitomo Electric Industries' on 30 October reported sales in H1 (ended Sep) of fiscal 2009 were down 35% y/y at ¥812.3bn, and posted ¥9.7bn net loss (against ¥39.7bn profit a year ago) and ¥7.0bn operating loss (against ¥49.2bn profit). However the automobile business unit - main output automotive wiring harness – in Q2 posted ¥5.5bn operating profit against Q1’s ¥8.6bn loss and forecasts ¥20.1bn operating profit in H2 (ended Mar’10). President Masayoshi Matsumoto said the firm expects improved profitability in fiscal 2010 though automobile demand could slow in April-June when automakers plan to reduce output by 20-30% from Jan-March.