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Sumitomo Corporation (8053) investor relations material
Sumitomo Corporation Q2 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
H1 FY2026 revenue rose 10.8% YoY to ¥3,918.6B and parent-attributable profit rose 15.5% to ¥347.9B; profit before tax fell 7.4% to ¥345.0B.
Underlying profit was ¥334.0bn, up ¥75.0bn YoY; the 8 Growth Areas collectively added ¥22.0bn in profit.
FY2026 parent-attributable profit guidance rose ¥40.0B to ¥670.0B; underlying profit forecast is also ¥670.0B.
Financial highlights
Gross profit increased to ¥768.3B from ¥706.7B; SG&A rose to ¥571.5B from ¥525.6B, including higher personnel costs.
Profit for the period was ¥360.6B versus ¥331.3B; income taxes shifted from an expense of ¥41.1B to a benefit of ¥15.7B.
Comprehensive income fell 19.7% to ¥298.4B, with foreign-currency translation differences of -¥104.9B versus +¥19.8B a year earlier.
Asset replacement and extraordinary profits/losses were ¥13.0bn, down ¥30.0bn YoY; underlying profit excludes these items.
Outlook and guidance
FY2026 forecast comprises ¥670.0B underlying profit, ¥30.0B in asset replacement and extraordinary profits, and a -¥30.0B loss buffer; forecast before the buffer is ¥700.0B.
Annual dividend forecast increased ¥4 to ¥44 per post-split share, including a ¥22 interim dividend; policy targets a total payout ratio of at least 40% and progressive dividends.
ROE is forecast at ~14%, above the Medium-Term Management Plan 2026 target of 12% or higher.
Net D/E is expected to improve from 0.81x at H1-end to ~0.6x by FY-end through profit accumulation and accelerated asset replacement.
H2 outlook includes Middle East-related shipment pressure in Energy Tubular, higher domestic auto leasing costs, and higher tax costs from Q3 onward.
- FY2023 profit fell amid resource weakness and impairments; FY2024 guidance is ¥530bn.8053
Q4 2024 - Profit rose 11.2% to ¥190.1B, driven by strong segment growth and major investments.8053
Q1 2027 - Record profit, strong cash flow, and a share split highlight robust FY2026 outlook.8053
Q4 2026 - FY25 Q1-3 profit was ¥408.5B, with guidance and dividend forecasts unchanged.8053
Q3 2026 - Net profit up 18.6% to ¥301.2B, driven by asset sales and digital growth; outlook steady.8053
Q2 2026 - Growth driven by social value creation, innovation, and global expansion across core businesses.8053
Investor Day 2024 Presentation - Acquisition of Air Lease Corporation boosts global scale, profit growth, and sustainability in aviation.8053
M&A Presentation - Profit surged on asset sales and real estate, offsetting energy sector weakness.8053
Q1 2026 - Profit down 10.9% but full-year outlook and dividend remain unchanged.8053
Q2 2025
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