Sumitomo Corporation (8053) on Nov. 2 raised its forecast for net profit attributable to owners of the parent for the year ending March 2027 to ¥670.0 billion from ¥630.0 billion, and increased its annual dividend forecast to ¥44 per share from ¥40.
The upgrade follows first-half (April-September) net profit attributable to owners of the parent of ¥347.9 billion, up 15.5% from a year earlier, which the company said showed high progress against its original full-year target. It expects its businesses to remain firm in the second half.
First-half revenue rose 10.8% to ¥3.92 trillion, while profit before tax fell 7.4% to ¥345.0 billion. Gross profit increased by ¥61.6 billion, driven by improved rental operations and solid sales and service business in construction equipment, as well as strong precious metals trading. Gains on securities swung to a loss of ¥9.3 billion, including a loss on the sale of a Madagascar nickel business, while income tax turned to a gain of ¥15.7 billion on the tax effect of that sale.
| Item | Previous | Revised |
|---|---|---|
| FY net profit forecast | ¥630.0 billion | ¥670.0 billion |
| Interim dividend per share | ¥20 | ¥22 |
| Annual dividend per share | ¥40 | ¥44 |
The new forecast is 11.6% above the previous year's ¥600.3 billion, with basic earnings per share projected at ¥141.44, based on the share count after a 4-for-1 stock split effective July 1, 2026. Without adjusting for the split, the annual dividend forecast would total ¥176, compared with ¥150 for the year ended March 2026. The total interim payout is ¥104.0 billion. The company targets a total shareholder return ratio of 40% or more under a progressive dividend policy.
Next steps: The interim dividend, with a record date of Sept. 30, 2026, takes effect Dec. 1, 2026. The company plans to file its semi-annual report on Nov. 6, 2026.
| Nihon M&A Center Holdings Inc. | |
| Shares allotted (all treasury stock) | 250,000 shares |
| Wise Holdings Co., Ltd. | |
| FY net profit forecast | ¥450 million (from ¥371 million) |
| Macnica Holdings, Inc. | |
| FY net profit forecast | ¥46.0 billion (from ¥32.0 billion) |
| Komatsu Matere | |
| Operating profit forecast | ¥2.6 billion (from ¥1.5 billion) |
| Yamato Kogyo Co., Ltd. | |
| FY net profit forecast | ¥62.0 billion (from ¥57.5 billion) |
| T.RAD Co., Ltd. | |
| FY net profit forecast | ¥8.6 billion (prev. ¥9.5 billion) |
| Nippon Ham | |
| FY business profit forecast | ¥50.0 billion (from ¥61.0 billion) |
| Toukei Densan | |
| FY net profit forecast (revised) | ¥8.32 billion |
| M&A / TOB | 9 |
| Guidance | 31 |
| Buybacks | 12 |
| Dividends | 3 |
| Capital | 32 |
| Earnings | 51 |
| People | 1 |
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