Sumitomo Mitsui Raises 2027 Profit Guidance and Announces Share Buyback
Key Facts
Sumitomo Mitsui Financial Group raised its FY2027 profit guidance to ¥1.9 trillion. TradingView reported that the group also announced plans to buy back shares following an 11.4% increase in ordinary income during the first half of the fiscal year.
The upward revision followed a 7.5% rise in parent profit during the first half, despite a 41.6% decline in comprehensive income. In equity markets, SMFG closed at $24.37 on November 12, 2026, having traded between a low of $24.33 and a high of $24.7 during that session.
Latest Updates · 4
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Update: The group also raised its fiscal 2026 earnings per share guidance to JPY 250.84. This upward revision comes as the company reported a decline in its problem loan ratio to 0.77%.
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Update: Sumitomo Mitsui Financial Group ADR earnings beat estimates by $0.09 on November 13, 2026. Revenue for the group also exceeded expectations during the same period, further supporting the recently announced strong financial performance.
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Update: Sumitomo Mitsui Financial Group specified that its share buyback program targets up to 85,000,000 shares with a total value of ¥220,000 million. The program is scheduled to remain valid until February 28, 2027.
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Update: Sumitomo Mitsui Financial Group ADR earnings beat estimates by $0.09 on November 13, 2026. Reports also confirmed that the group's revenue exceeded analyst expectations during the same period.