StocksMedium•13 November 2026•
1 min read
Sumitomo Mitsui Raises 2027 Profit Guidance and Announces Share Buyback
Key Facts
1Sumitomo Mitsui Financial Group raised its FY2027 profit guidance to ¥1.9 trillion.
2The group announced plans to buy back shares following an 11.4% increase in H1 ordinary income.
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.