Market Chatter: Sumitomo Mitsui Financial Revises Profit Target Upward, Pinning Growth on Home Market

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Sumitomo Mitsui Financial (TYO:8316) aims to achieve its 2 trillion yen net profit target two years ahead of schedule, setting a new deadline for fiscal 2028, Nikkei Asia reported on Thursday, citing Group President and CEO Toru Nakashima.

In a recent interview, Nakashima indicated that the domestic market will be the primary driver for reaching this accelerated goal, the publication said.

In its newly released medium-term business plan covering fiscal years 2026 to 2028, Sumitomo Mitsui Financial has formally designated the Japanese market as its lead growth engine, the news daily said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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