Japan's SMFG expects more than $7.65 billion net profit in FY 2025

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TOKYO : 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.

Japan's SMFG expects more than $7.

This came primarily from disposing of cross-shareholdings, which Nakashima said had inflated the bottom line."We can't bet on that.

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Category: EconomyBusiness

Markets: SingaporeJapanMali

Topics: Japan Nakashima Expects Smfg Group Year Financial Trillion Cross-shareholdings Profit

Source Website Secure: Yes (HTTPS)

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-27 @ 17:09:35 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 376 words

Reading Time: 3 minutes read

Sentences: 18 lines

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Copyright Owner: © Channel News Asia

News ID: 24689920

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