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SUMITOMO, The Current Fiscal Year Net Income Revised Upward by 6%
8053 SUMITOMO CORPORATION 【IFRS】
Earnings ReportSUMITOMO CORPORATION <8053> [TSE Prime] announced its financial results (based on IFRS) in the afternoon session on February 4th (13:00). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 3.1% from the same period last year, reaching 416 billion yen.
In addition, the full-year consolidated net income has been revised upward 5.7%, from the previous forecast of 530 billion yen to 560 billion yen (compared to 386 billion yen in the previous period), increasing the growth rate from 37.2% to 44.9%.
Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated net income for the October to March period (2H) is expected to increase 10.9%, from the previous forecast of 276 billion yen to 306 billion yen (compared to 101 billion yen in the same period of the previous year), increasing the growth rate from 2.7 times to 3.0 times.
In the most recent three-month period, from October to December (3Q), the consolidated net income increased 36.3% from the same period last year, reaching 162 billion yen.
Kabutan News
Actual Results
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Apr - Dec, 2022 | 5,070,062 | ー | 601,429 | 464,375 | 371.3 | 83.2 | Feb 6, 2023 | IFRS |
Apr - Dec, 2023 | 5,064,258 | ー | 502,706 | 404,106 | 330.3 | 95.3 | Feb 5, 2024 | IFRS |
Apr - Dec, 2024 | 5,319,722 | ー | 524,995 | 416,464 | 343.5 | ー | Feb 4, 2025 | IFRS |
YoY | +5.0% | - | +4.4% | +3.1% | +4.0% |
Guidance Update
Second Half Update
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Oct - Mar, 2024 Prev | ー | ー | ー | 276,037 | 228.1 | 65 | Oct 31, 2024 | IFRS |
Oct - Mar, 2024 New | ー | ー | ー | 306,037 | 252.9 | 65 | Feb 4, 2025 | IFRS |
Revision Rate | - | - | - | +10.9% | +10.9% |
Full Year Update
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Mar, 2025 Prev | ー | ー | ー | 530,000 | 438.0 | 130 | May 2, 2024 | IFRS |
Mar, 2025 New | ー | ー | ー | 560,000 | 462.8 | 130 | Feb 4, 2025 | IFRS |
Revision Rate | - | - | - | +5.7% | +5.7% |
Current Period Guidance
Second Half Results
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Oct - Mar, 2023 | 3,566,468 | ー | 180,351 | 101,467 | 83.0 | 62.50 | May 2, 2024 | IFRS |
Oct - Mar, 2024 Guidance | ー | ー | ー | 306,037 | 252.9 | 65 | Feb 4, 2025 | IFRS |
YoY | - | - | - | +201.6% | +204.9% |
Current Period Guidance
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Mar, 2023 | 6,817,872 | ー | 723,122 | 565,333 | 452.6 | 115 | May 9, 2023 | IFRS |
Mar, 2024 | 6,910,302 | ー | 527,646 | 386,352 | 315.9 | 125 | May 2, 2024 | IFRS |
Mar, 2025 Guidance | ー | ー | ー | 560,000 | 462.8 | 130 | Feb 4, 2025 | IFRS |
YoY | - | - | - | +44.9% | +46.5% |
Quarterly Results
Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
---|---|---|---|---|---|---|---|---|
Oct - Dec, 2023 | 1,720,424 | ー | 155,411 | 119,221 | 97.5 | 0.0 | Feb 5, 2024 | IFRS |
Jan - Mar, 2024 | 1,846,044 | ー | 24,940 | -17,754 | -14.5 | 0.0 | May 2, 2024 | IFRS |
Apr - Jun, 2024 | 1,771,729 | ー | 166,934 | 126,319 | 103.9 | 0.0 | Jul 31, 2024 | IFRS |
Jul - Sep, 2024 | 1,746,751 | ー | 162,805 | 127,644 | 105.2 | 0.0 | Oct 31, 2024 | IFRS |
Oct - Dec, 2024 | 1,801,242 | ー | 195,256 | 162,501 | 134.1 | 0.0 | Feb 4, 2025 | IFRS |
YoY | +4.7% | - | +25.6% | +36.3% | +37.6% |
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