Sumitomo Mitsui Financial Group announced that it had revised its current-period net income forecast upward from its previous forecast and effectively increased its dividend. The second-half plan indicates expectations for substantial profit growth.
On 13 November, Sumitomo Mitsui Financial Group announced its earnings and revised full-year net income for the fiscal year ending March 2027 upward from the previous forecast of ¥1.7 trillion to ¥1.9 trillion. The upward revision amounted to 11.8%, and the company indicated that the growth rate is expected to expand to approximately 20%.
Based on first-half results and the full-year plan, consolidated net income for the second half is estimated at ¥896.8 billion, up 38.1% year on year. This would further lift the previous forecast for a record-high profit.
The annual dividend for the current fiscal year was changed from the previous plan of ¥135 to ¥150, representing an effective increase of 11.1%.
In the most recent three months, consolidated net income for July-September fell 9.8% year on year to ¥501.7 billion, indicating a period in which strong earnings have not continued.