Sumitomo Corporation raised its current-period net profit forecast and lifted its forecast for record-high profit. The dividend is also expected to increase by an effective 10%.
The earnings release dated 2 November 2026 showed that consolidated net profit for the cumulative second quarter of the fiscal year ending November was ¥347.8 billion, up 15.5% year on year.
The full-year net profit forecast was raised from ¥630 billion to ¥670 billion, expanding the growth rate to 11.6% and further lifting the forecast for record-high profit.
The dividend for the current period was revised from the previous plan of ¥40 to ¥44. After the stock split, the effective dividend increase is described as 10.0%.
For the latest 3-month period, consolidated net profit for July–September was ¥157.7 billion, up 21.0% year on year.
For the second-half outlook, consolidated net profit for the second half of the current period is estimated to reach ¥322.1 billion.