Sumitomo Mitsui braces for tariff fallout with more buffers

japantimes.co.jp/business/2025/05/15/companies/sumitomo-mitsui-earnings-tariff-fallout

Sumitomo Mitsui Financial Group is shoring its buffers to prepare for U.S. President Donald Trump’s trade war, even as it forecast another year of record profit.
Japan’s second-largest lender expects net income to climb about 10% to ¥1.3 trillion ($8.8 billion) in the year that started…

This story appeared on japantimes.co.jp, 2025-05-15 03:26:00.
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