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Japan's Sumitomo Corp net profit down 32%, misses estimates
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Japan's Sumitomo Corp net profit down 32%, misses estimates
May 1, 2024 10:56 PM

TOKYO (Reuters) - Japanese trading house Sumitomo Corp ( SSUMF ) reported net profit for the fiscal year ended in March fell 31.7% from a year earlier to 386.4 billion yen ($2.5 billion), missing estimates.

A LSEG poll of analysts had forecast Sumitomo's ( SSUMF ) net profit for the fiscal year at 504.9 billion yen. Sumitomo ( SSUMF ) said its net profit for the year ending in March 2025 is forecast at 530 billion yen.

($1 = 155.8700 yen)

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