Sumitomo Corporation (8053) Q1 2026 earnings summary

Executive summary

• Q1 FY2025 profit attributable to owners rose to ¥170.9 billion, up 35.3% year-over-year, driven by the sale of Midas in the U.S. tire business and large-scale property deliveries in real estate.

• Revenue increased 0.9% year-over-year to ¥1,787.9 billion, with gross profit up by ¥13.6 billion, supported by real estate and Net One Systems consolidation.

• Earnings per share (basic) climbed to ¥141.18 from ¥103.86 year-over-year.

Financial highlights

• Profit before tax climbed to ¥210.3 billion, up ¥43.3 billion year-over-year; net income attributable to owners was ¥170.9 billion.

• Net cash from operating activities was ¥120.1 billion, with free cash flow at ¥107.7 billion.

• Shareholders’ equity increased to ¥4,661.7 billion; D/E ratio (net) remained at 0.6.

• Comprehensive income dropped 69.6% year-over-year to ¥105.2 billion, mainly due to negative exchange differences.

• Cash and cash equivalents increased to ¥609.4 billion from ¥570.6 billion at the previous fiscal year-end.

Outlook and guidance

• Full-year profit forecast remains at ¥570.0 billion, with 30% progress achieved in Q1.

• Annual dividend forecast unchanged at ¥140 per share, up from ¥130 per share in the previous year.

• Segment outlooks expect continued strong performance in real estate, stable leasing in transportation, and ongoing challenges in automotive sales & marketing and coal.