On the 2nd, Sumitomo Corporation announced that it expects consolidated net profit for the fiscal year ending March 2027 to reach ¥670 billion. The company reportedly raised its earnings forecast for the current fiscal year following an upward revision based on reporting under IFRS.
Sumitomo Corporation announced a ¥670 billion outlook for consolidated net profit for the fiscal year ending March 2027. This represents an upward revision from the previous forecast. The announcement was made on the 2nd.
The company reports under IFRS and presents its full-year profit forecast on that basis.