Sumitomo Corporation Reports Strong Profit Growth
Sumitomo Corporation, a major Japanese trading company, reported strong profit growth in its latest earnings for the six months ending September 30, 2025. Revenues increased by 0.5% to 3,537.2 billion yen, while profit before tax rose by 12.9% to 372.4 billion yen, and comprehensive income surged by 514% to 371.7 billion yen. The growth was driven by strategic initiatives, including the consolidation of Net One Systems and improved performance in U.S. tire sales. Despite challenges in the automotive and mineral resources sectors, the company forecasts a profit of 570 billion yen for the fiscal year ending March 31, 2026, with a focus on enhancing shareholder returns.
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