Sumitomo Corp raised its fiscal 2026 net profit forecast by 6% to 670 billion yen and increased dividends, attributing the upgrade to strong performance in energy and metals sectors driven by higher c
reuters · 2026-11-02 00:43
Sumitomo Corp CEO Shingo Ueno called for increased energy investment to meet surging AI-driven data center demand, citing LNG price hikes due to Strait of Hormuz constraints. He expects production nor
bloomberg · 2026-09-02 11:37
Sumitomo Corp plans to divest its 54% stake in Madagascar's Ambatovy nickel project by March 2027 following production disruptions and cyclone damage. The transaction will incur a ¥70 billion charge,
bloomberg · 2026-04-30 22:13
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