Sumitomo Corp
8053: XTKS (JPN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|v@B | LOCK|Vx | LOCK|Z&Cz!KJ |
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.
