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Sumitomo Raises FY26 Profit and Dividend Forecasts

Sumitomo raised its FY26 profit and dividend forecasts, citing strong performance in energy and metals.

SquawkNews Desk 1 updates Updated Nov 02, 2026, 08:40 AM UTC

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08:40:39 AM UTC
SquawkNews
By Yuka ObayashiJapanese trading house Sumitomo Corp TSE:8053 on Monday raised its net profit forecast for fiscal 2026 by 6% and increased its annual dividend, citing stronger performance from its energy and metals businesses amid higher commodity prices.The company now expects net profit of 670 bi…

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