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Express News | Berkshire Hathaway increases its stakes in Sumitomo and Marubeni in Japan.
Sumitomo's Profit Climbs 6.8% in Fiscal Year 2025
Sumitomo Q4 EPS $0.51 Down From $0.79 YoY, Sales $12.462B Miss $12.630B Estimate
Japanese Stocks Climb 0.4%
Sumitomo Corporation—Surges After Earnings Release, Announces Stock Split and Treasury Stock Retirement
The stock posted a substantial three-day rally. For the fiscal year ending March 2026, consolidated revenue increased 0.6% year on year to JPY 7.337259 trillion, while ordinary profit rose 0.9% to JPY 701.998 billion. In addition, the company announced a 4-for-1 stock split effective June 30, along with a share buyback and cancellation program capped at 22 million shares—approximately 1.8% of outstanding shares—and up to JPY 80 billion in total.
Sumitomo FY Net Y600.33B Vs Net Y561.86B