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JAPAN'S SMFG EXPECTS MORE THAN $7.65 BILLION NET PROFIT IN FY 2025

  • NEWS Desk Global
  • Jan 3
  • 1 min read



Sumitomo Mitsui Financial Group's CEO said the firm may make more than 1.2 trillion yen ($7.65 billion) net profit in the year from next April, as a resurgent Japanese banking sector cashes in on efforts to diversify income sources abroad alongside interest rate normalisation.

The forecast exceeds its previous record target of 1.16 trillion yen for this year, even as higher interest rates in Japan and the mass offload of cross-shareholdings have bolstered the current year's results.

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