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)
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