Sumitomo Raises FY26 Profit And Dividend Forecasts
Japanese trading house Sumitomo Corporation raised its net profit forecast for fiscal 2026 by six percent to 670 billion yen. The upgrade is driven by stronger performance in its energy and metals businesses amid higher commodity prices and favorable exchange rates. The company also increased its annual dividend payout.
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Sumitomo Corp raised its fiscal 2026 net profit forecast 6% to 670 billion yen ($4.3 billion) on Monday morning, driven by strong energy and metals performance. The Japan trading house also lifted its annual dividend to 44 yen per share from 40 yen. The upward revision highlights robust commodity pricing and expanding gas trading margins despite broader macroeconomic headwinds.
