Sumitomo Mitsui Financial's Net Profit Tops 1 T. Yen
Tokyo, May 15 (Jiji Press)--Sumitomo Mitsui Financial Group Inc. said Wednesday that its consolidated net profit rose 22.3 pct to 1,177.9 billion yen in the year ended last March from the previous year, topping 1 trillion yen for the first time in its history.
The Japanese banking group saw its lending margins improve because of higher interest rates. Its bottom line was also boosted by gains on the sale of cross-shareholdings.
(2025/05/15-11:26)
To read a full story, please click here to find out how to subscribe.
BUSINESS
-
05/15 16:46 3 Major Japan Mobile Carriers Expect Sales Growth in FY 2025 - 05/15 11:26 Sumitomo Mitsui Financial's Net Profit Tops 1 T. Yen
- 05/15 10:46 JDI Eyeing Cutting Over 1,000 Jobs in Japan
-
05/15 10:10 Infroneer to Acquire Sumitomo Mitsui Construction - 05/15 09:39 Uber to Launch Self-Driving Mobility Service in Japan
- 05/14 22:38 Trump Tariffs Deliver Blow to Japanese Automakers' Outlooks
- 05/14 21:13 Toyota to Market New EV in N. America in 2026
- 05/14 21:11 (Update 3) Sony Group Projects 12.9 Pct Drop in FY 2025 Net Profit
- 05/14 17:33 (Update 2) Sony Group Projects 12.9 Pct Drop in FY 2025 Net Profit
- 05/14 15:22 Trump Tariffs Overshadow Japanese Firms' Earnings Outlook
- 05/14 14:37 Sumitomo Mitsui, SoftBank to Tie Up on Digital Payment Services
- 05/14 14:28 Japan Beer, Quasi-Beer Sales Down 36 Pct in April
- 05/14 14:24 (Update) Sony Group Logs Record Net Profit for FY 2024
- 05/14 13:26 Mitsui Starts Mass Production of E-Methanol with Danish Firm
- 05/14 12:35 Sony Group Logs Record Net Profit for FY 2024
- 05/14 10:37 Suruga Bank Ordered to Report on Property Loans
- 05/13 21:45 (Update 2) Nissan to Shut 7 Plants, Shed 20,000 Jobs on Huge Loss
- 05/13 21:28 (Update 2) SoftBank Group Posts 1st Black Ink in 4 Years
- 05/13 21:17 Japanese Retailer Aeon to Sell Rice from California
- 05/13 19:49 (Update) Honda Projects 70 Pct Drop in FY 2025 Net Profit
- 05/13 19:25 (Update) Nissan to Shut 7 Plants, Shed 20,000 Jobs on Huge Loss
- 05/13 17:59 (Update) SoftBank Group Posts 1st Black Ink in 4 Years
- 05/13 17:36 Nissan Plunges into 670.8-B.-Yen Net Loss in FY 2024
- 05/13 16:38 Honda Projects 70 Pct Drop in FY 2025 Net Profit
- 05/13 16:31 Tokyo Metro to Promote Exec Kosaka to Pres. in June
- 05/13 16:29 SoftBank Group Posts 1st Black Ink in 4 Years
- 05/13 15:59 3 Major Japan Steelmakers Expect Profit Falls in FY 2025
- 05/12 23:39 Nissan to Cut 20,000 Jobs Globally
- 05/12 23:10 Japan's Sharp to Sell Kameyama LCD Plant to Hon Hai
- 05/11 15:20 INTERVIEW: Hokuhoku Financial to Focus Staff on Hokkaido
- 05/11 14:00 INTERVIEW: Idemitsu to Enhance All-Solid-State Battery Business
- 05/10 18:06 Lawson to Expand Frozen Onigiri Sales
- 05/10 13:46 Sumitomo Mitsui Financial to Acquire Stake in Indian Bank
- 05/10 00:17 Nippon Steel Forecasts 43 Pct Profit Drop for FY 2025
- 05/09 22:05 (Update) Panasonic Holdings to Cut 10,000 Jobs Globally
- 05/09 19:02 Panasonic Holdings to Cut 10,000 Jobs Globally
- 05/09 17:04 "NTT" to Become Official Corporate Name in July
- 05/09 16:16 (Update) Nissan Abandons Plan for EV Battery Plant in Japan
- 05/09 15:40 Nissan Abandons Plan for EV Battery Plant in Japan
- 05/09 10:42 3 Major Japan Shipping Firms Expect Sharp Profit Falls
- 05/08 21:42 (Update 3) NTT to Take Full Control of NTT Data Group
- 05/08 20:31 (Update) Nintendo Expects Higher Revenue, Profits on Switch 2
- 05/08 20:08 JFE to Halt Blast Furnace in Western Japan in FY 2027
- 05/08 19:26 (Update 2) Toyota Forecasts 34.9 Pct Drop in Annual Net Profit
- 05/08 19:06 Marubeni to Join Exxon Mobil's Hydrogen, Ammonia Project
