Sumitomo Raises FY2026 Profit Forecast to ¥670 Billion
Sumitomo Corporation reported first-half profit of ¥347.9 billion and underlying profit of ¥334.0 billion. It raised its annual dividend forecast to ¥44 per share and said the full-year profit forecast incorporates a ¥30.0 billion loss buffer.
Sumitomo Corporation reported that its first-half profit rose to ¥347.9 billion, with underlying profit reaching ¥334.0 billion. Following these results, the company increased its full-year profit forecast for fiscal year 2026 to ¥670.0 billion, incorporating a ¥30.0 billion loss buffer. Additionally, the company raised its annual dividend forecast to ¥44 per share.