Sumitomo Corp

8053: XTKS (JPN)
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Sumitomo Earnings: Solid Start, Expect Stronger Quarters Ahead, Fair Value Raised by 2%

Sumitomo reported first-quarter fiscal 2026 (ending March 2027) net income of JPY 190.1 billion, up 11% year-over-year, driven by a 9% increase in revenue. Underlying profit rose 29%, on stronger profits for Energy Transformation and initial contributions from Sumisho Air Lease and SCSK.

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