Sumitomo Corporation · TSE:8053
Sumitomo — FY2026 Q2 Earnings Presentation
48 slides from Sumitomo's earnings presentation, Nov 2, 2026
Slide 1: FY2026 Q2 Earnings Presentation
FY2026 Q2 Earnings Presentation (Six-month period ended September 30, 2026) Sumitomo Corporation | November 2, 2026 Cautionary Statement Concerning Forward-looking Statements This report includes forward-looking statements relating to our future plans, forecasts, objectives, expectations and intenti
Slide 2: Progress Overview of Medium-Term Management Plan 2026
Progress Overview of Medium-Term Management Plan 2026 1
Slide 3: Summary of FY2026 Q2 Results/FY2026 Forecasts
01. Summary of FY2026 Q2 Results/FY2026 Forecasts FY2025 FY2026 FY2026 full-year Initial FY2026 Q2 Results Q2 Results Change Forecasts Change full-year Forecasts Progress ① ② ②-① ③ ③-④ ④ ②/③ Profit*1 670.0 bn +40.0 bn 630.0 bn 52% Top: After loss buffer 301.2 bn 347.9 bn +46.6 Bottom: Before loss bu
Slide 4: Results for FY2026 Q2 (Factors for YoY changes)
02. Results for FY2026 Q2 (Factors for YoY changes) Underlying profit increased by ¥39.0 bn in FY2026 Q2, excluding the positive impact of factors such as FX and mineral resource prices. Although profit decreased in the Steel and Real Estate, the 8 Growth Areas as a whole strengthened their earn
Slide 5: Results for FY2026 Q2 by Segment
03. Results for FY2026 Q2 by Segment (¥bn) FY25 Q2 FY26 Q2 Underlying profit Change Main factors for the changes of Underlying profit Profit Change Upper row：FY25 Q2 Results Results*3 Results Lower row：FY26 Q2 Results Steel 34.1 38.9 +4.8 35.0 -1.0 • Energy Tubular: Shipments to the Middle East decl
Slide 6: Forecasts for FY2026 by Segment (Details of Revisions)
04. Forecasts for FY2026 by Segment (Details of Revisions) FY26 Forecasts (May 2026） FY26 Forecasts (Nov. 2026) Asset Asset replacement replacement ① and ② and Underlying ②‐① Main factors for the changes Profit extraordinary Underlying Profit extraordinary profit (¥bn) profits/losses profits/losses
Slide 7: Factors for the Changes in FY2025 and FY2026
05. Factors for the Changes in FY2025 and FY2026 (¥bn) Asset replacement FY2026 FY2025 Restructuring/ and extraordinary full-year Revised Results 8 Growth Areas Others Nurture External factors profits/losses Forecasts +74.0 +28.0 -3.0 +43.0 -42.0 Profit growth: Total +99.0 700.0 Buffer -30.0 600.3
Slide 8: Forecasts for FY2026 by Segment (Progress)
06. Forecasts for FY2026 by Segment (Progress) (¥bn) FY26 Q2 FY26 Underlying profit Progress Profit Results Forecasts Progress Forecasts (Nov. 2026) Upper row: FY26 Q2 Results Lower row: FY26 Forecasts • Energy Tubular: Supply-demand conditions to improve in North America, the decline in shipments t
Slide 9: Progress of Medium-Term Management Plan 2026: Overview
No.1 in Each Field 07. Progress of Medium-Term Management Plan 2026: Overview1. Growth leveraged Strengthen driving Progress in Profit Growth and Business Portfolio Transformation through by strengths force for growth Business portfolio Major Investments and Accelerated Asset Replacement transformat
Slide 10: Medium-Term Management Plan 2026: Breakdown of 3-year Profit Growth
650 08. Medium-Term Management Plan 2026: Breakdown of 3-year Profit Growth Profit growth +150 Profit growth is expected to reach approx. ¥200.0 bn over the three-year Medium-Term Management Plan period, before the loss buffer. FY2026 (¥bn) FY2023 MTMP Result ～ original plan Asset replacement FY20
Slide 11: Capital Efficiency
09. Capital Efficiency ROE: Results and Forecast 8 Growth Areas/ROIC/Underlying profit ROE expected to exceed the 12% target throughout the Portfolio transformation progressing, driven by increased Medium-term Management Plan 2026 period. invested capital and improved capital efficiency in the 8
Slide 12: 8 Growth Areas with Strengths and Competitive Advantages
10. 8 Growth Areas with Strengths and Competitive Advantages Underlying Profit (¥bn) Digital Leasing Real estate Energy solutions FY2025 105.4 98.8 Q2 Results Progress Progress Progress Progress FY2026 43% 43% 39% 52% Q2 Results 71.3 71.3 54.4 53.2 55.2 57.8 54.5 FY2026 41.8 full-year Forecasts 34.2
Slide 13: Progress of Medium-Term Management Plan 2026: Topics
11. Progress of Medium-Term Management Plan 2026: Topics Progress of Major Investments and DAIS Promotion of Asset-turnover-based Businesses Promotion of DAIS Real Estate • Initiatives for growth are steadily progressing in line with the following 3 pillars. • Steadily strengthening earnings capacit
Slide 14: Cash Flow Allocation (FY2024-FY2026 Q2)
12. Cash Flow Allocation (FY2024-FY2026 Q2) Asset replacement totaled ¥0.7 tn on a cumulative basis through FY2026 Q2. The asset replacement plan through FY2028 is progressing on track. Investment focused on the 8 Growth Areas. Many investments already made have begun contributing to profit, wit
Slide 15: Improving the Quality of the Business Portfolio
13. Improving the Quality of the Business Portfolio Steady business growth: Invested capital has increased by ¥1.3 tn compared with FY2023 results, driven by major investments and other investments. Value creation: ROIC is expected to improve by 2pt compared with FY2023. Restructuring: Reduced
Slide 16: Shareholder Return
14. Shareholder Return Shareholder return policy Total payout ratio of 40% or higher & Progressive dividend payments*1 Pursuing sustainable profit growth and further strengthening the earnings base to enhance shareholder returns and increase shareholder value Raised annual dividend forecast to ¥44
Slide 17: Stock Price/PBR Trend
15. Stock Price/PBR Trend Since Apr. 2025, the share price has risen significantly, outperforming TOPIX. In addition to advancing the initiatives set forth in the MTMP 2026, we will continue to pursue higher ROE and lower cost of capital through constructive dialogue with the market. Index* PBR
Slide 18: Appendix
Appendix «© Sumitomo Corporation | Enriching lives and the world 17
Slide 19: Contents
Contents 16 Progress of Sustainability Management 19 17 Assumptions and Sensitivities 20 18 Profit for the Period by Segment 21 19 Quarterly Breakdown of Asset Replacement and Extraordinary Profits/Losses by Segment 22 20 Operating Results 24 21 Performance Overview by Segment 26 22 Supplementary Se
Slide 20: Progress of Sustainability Management
16. Progress of Sustainability Management Material Long-term goals Status of initiatives up to FY2026 Q2 Policies for future initiatives issues • Contribute to the development of • Continued contributing to the development of local communities and economies local communities and economies • Continue
Slide 21: Assumptions and Sensitivities
17. Assumptions and Sensitivities Prices and Mineral Resources Equity Share of Production FY26 Forecasts FY25 Results FY26 Results FY26 Sensitivity to Profit*3 (Nov.2026) Forecasts (Annual base, Q1-2 Q1-4 Q1 Q2 Q1-2 Q3-4 Q1-4 (May 2026) Nov. 2026 announcements) ¥+2.0 bn Exchange rate JPY/US$ 146.02
Slide 22: Profit by Segment (FY2025 and FY2026 Q1-2 Results/FY2026 Forecasts)
18. Profit by Segment (FY2025 and FY2026 Q1-2 Results/FY2026 Forecasts) FY26 Forecasts FY25 Q1-2 Results* FY26 Q1-2 Results (announced in Nov. 2026) Asset Asset Asset (¥bn) replacement and Underlying replacement and Underlying replacement and Underlying Profit Profit Profit extraordinary profit extr
Slide 23: Quarterly Breakdown of Asset Replacement and Extraordinary Profits/Losses (FY2026)
19. Quarterly Breakdown of Asset Replacement and Extraordinary Profits/Losses by Segment (FY2026) (¥bn) Q1 Q2 Q3 Q4 Cumulative Main factors Results Q1 Related to asset replacement in Energy Tubular business: +2.0, restructuring gains in Steel Products business: +1.0 Steel 3.0 2.0 5.0 Q2 Gain on sale
Slide 24: Quarterly Breakdown of Asset Replacement and Extraordinary Profits/Losses (FY2025)
19. Quarterly Breakdown of Asset Replacement and Extraordinary Profits/Losses by Segment (FY2025) (¥bn) Cumulative Q1 Q2 Q3 Q4 Main factors Results Q2 Profit/loss related to asset replacement in steel sheets business: -1.0 Steel 0.0 -1.0 0.0 10.0 9.0 Q4 Gain on the sale of Sekal AS in tubular produc
Slide 25: Operating Results (Cash Flow Allocation)
20. Operating Results (Cash Flow Allocation) Medium-Term Medium-Term Management Plan 2026 Management (¥bn) Plan 2026 Total Cash flow earnings 3-year Total FY24 FY25 FY26 Q2 Results • Steady cash generation by core businesses (Apr. 2024-Mar. 2027) Results Results Results Announced in May 2026 (Apr. 2
Slide 26: Operating Results (Financial Position)
20. Operating Results (Financial Position) As of Mar. 31, As of Sep. 30, Change (¥bn) 2026 2026 Current assets 6,635.7 6,074.6 -561.1 Total assets (Change: ¥-305.2 bn) • Decrease in operating assets Non-current assets 7,002.7 7,258.5 +255.9 • Decrease resulting from the appreciation of the yen (appr
Slide 27: Performance Overview (Steel)
21. Performance Overview (Steel) (¥bn) Key Financial Indicators Main factors for YoY changes Outlook for Q3-4 (Underlying profit) (Underlying profit) FY26 Q3-4 FY26 FY25 FY26 FY26 Energy Tubular Energy Tubular Revised Revised Q1-2 Q1-2 Change Forecasts Forecasts Forecasts North America: Improved m
Slide 28: Performance Overview (Automotive)
21. Performance Overview (Automotive) (¥bn) Key Financial Indicators Main factors for YoY changes Outlook for Q3-4 (Underlying profit) (Underlying profit) FY26 Q3-4 FY26 FY25 FY26 FY26 Automotive sales & marketing Automotive sales & marketing Revised Revised Q1-2 Q1-2 Change Forecasts Forecasts Fore
Slide 29: Performance Overview (Transportation & Construction Systems)
21. Performance Overview (Transportation & Construction Systems) (¥bn) Key Financial Indicators Main factors for YoY changes Outlook for Q3-4 (Underlying profit) (Underlying profit) FY26 Q3-4 FY26 FY25 FY26 FY26 Transportation Transportation Revised Revised Q1-2 Q1-2 Change Forecasts Forecasts Forec
Slide 30: Performance Overview (Diverse Urban Development)
21. Performance Overview (Diverse Urban Development) (¥bn) Key Financial Indicators Main factors for YoY changes Outlook for Q3-4 (Underlying profit) (Underlying profit) FY26 Q3-4 FY26 FY25 FY26 FY26 Revised Revised Domestic real estate business Domestic real estate business Q1-2 Q1-2 Change Forecas
Slide 31: Performance Overview (Communication Services)
21. Performance Overview (Communication Services) (¥bn) Key Financial Indicators Main factors for YoY changes Outlook for Q3-4 (Underlying profit) (Underlying profit) FY26 Q3-4 FY26 FY25 FY26 FY26 Telecommunications business in Ethiopia Major domestic group companies Revised Revised Q1-2 Q1-2 Change
Slide 32: Performance Overview (Digital AI)
21. Performance Overview (Digital AI) (¥bn) Key Financial Indicators Main factors for YoY changes Outlook for Q3-4 (Underlying profit) (Underlying profit) FY26 Q3-4 FY26 FY25 FY26 FY26 SCSK SCSK Revised Revised Q1-2 Q1-2 Change Forecasts Forecasts Forecasts Impact from increased stake Impact fro
Slide 33: Performance Overview (Lifestyle Business)
21. Performance Overview (Lifestyle Business) (¥bn) Key Financial Indicators Main factors for YoY changes Outlook for Q3-4 (Underlying profit) (Underlying profit) FY26 Q3-4 FY26 FY25 FY26 FY26 Domestic supermarket business Domestic supermarket business Revised Revised Q1-2 Q1-2 Change Forecasts Fore
Slide 34: Performance Overview (Mineral Resources)
21. Performance Overview (Mineral Resources) (¥bn) Key Financial Indicators Main factors for YoY changes Outlook for Q3-4 (Underlying profit) (Underlying profit) FY26 Q3-4 FY26 FY25 FY26 FY26 Copper business Copper business Revised Revised Q1-2 Q1-2 Change Forecasts Forecasts Forecasts Higher pric
Slide 35: Performance Overview (Chemical Solutions)
21. Performance Overview (Chemical Solutions) (¥bn) Key Financial Indicators Main factors for YoY changes Outlook for Q3-4 (Underlying profit) (Underlying profit) FY26 Q3-4 FY26 FY25 FY26 FY26 Basic Chemicals Basic Chemicals Revised Revised Q1-2 Q1-2 Change Forecasts Forecasts Forecasts Increase i
Slide 36: Performance Overview (Energy Transformation Business)
21. Performance Overview (Energy Transformation Business) (¥bn) Main factors for YoY changes Key Financial Indicators (Underlying profit) Outlook for Q3-4 (Underlying profit) FY26 Q3-4 FY26 FY25 FY26 FY26 Domestic electricity retail business Domestic electricity retail business Revised Revised Q1-2
Slide 37: Supplementary Segment Information (Steel)
22. Supplementary Segment Information (Steel) Growth Strategy Leveraging the Steel Business’s Strengths Strengths Global Network with Market-Leading Strengths in Both Tubular Products and Steel Products Expertise, solution capabilities, and an extensive customer ● Energy ●Automotive ● Construc
Slide 38: Supplementary Segment Information (Automotive)
22. Supplementary Segment Information (Automotive) Lead the Transformation of Mobility and Create New Values Growth Strategy Global Map of Automotive Business Promote growth by expanding the product lineup and Engineering service Tire sales & marketing sales and service network in the automo
Slide 39: Supplementary Segment Information (Transportation & Construction Systems)
22. Supplementary Segment Information (Transportation & Construction Systems) Aircraft Leasing Business Fleet Size of Major Aircraft Leasing Companies Strong Strategic Partnerships Supporting Aircraft (Owned, Serviced and on Order) Leasing Business SMBC Aviation Capital Established partnerships
Slide 40: Supplementary Segment Information (Diverse Urban Development)
22. Supplementary Segment Information (Diverse Urban Development) Sustainable Growth Platform in Domestic Real Estate Business Growth Strategies Asset Portfolio and Location (As of Mar. 2026) Enhancing asset turnover and building a portfolio of high-quality properties Office buildings are the
Slide 41: Supplementary Segment Information (Communication Services)
22. Supplementary Segment Information (Communication Services) Growth Strategy for Media SBU Building on sustainable growth driven by maximizing the value of existing businesses such as JCOM and Jupiter Shop Channel (“SHOP”), we aim to accelerate growth by creating new businesses, including the anim
Slide 42: Supplementary Segment Information (Digital AI)
22. Supplementary Segment Information (Digital AI) Growth Strategy in Digital AI Group In addition to expanding and monetizing digital solutions, promote collaboration that leverages the strengths of SCSK and the Sumitomo Corporation Group, and a first-customer strategy that creates new businesses
Slide 43: Supplementary Segment Information (Lifestyle Business)
22. Supplementary Segment Information (Lifestyle Business) Retail Business Strengths × Leveraging Digital & AI to keep enhancing retail competitiveness in Japan and overseas ■ SUMMIT Summit FUJIMART (Vietnam) Stores FY23 → FY26 forecast 4 → 30 • Introduce Japanese-style operations • Expand the s
Slide 44: Supplementary Segment Information (Mineral Resources)
22. Supplementary Segment Information (Mineral Resources) Through mineral resource development and the construction of its value chain, we will contribute to the development of industry and the realization of a sustainable society Growth Strategy Our Strengths Overview of Major Assets Upstream
Slide 45: Supplementary Segment Information (Chemical Solutions)
22. Supplementary Segment Information (Chemical Solutions) Growth Strategy of Basic Chemicals SBU Overview and Growth Strategy of Basic Chemicals SBU ■ Strength of the sulfuric acid business: Global No. 1 in the sulfuric acid industry (annual volume handled: approx. 4 million tons) Petrochemical tra
Slide 46: Supplementary Segment Information (Energy Transformation Business)
22. Supplementary Segment Information (Energy Transformation Business) One-stop Decarbonization Solutions Combining Existing Energy Business Platforms and Next-Generation Energy Business Strategy • Leverage our strong existing energy business platform with markets and governments worldwide while d
Slide 47: Shareholder Composition
23. Shareholder Composition 9.3% 8.8% 8.9% 8.7% 8.7% 8.6% 7.1% 6.7% 10.3% 10.2% 10.2% 10.1% 9.0% 11.0% 10.9% 11.7% 12.7% 12.5% 13.1% 12.1% 12.2% 12.7% 12.1% 12.9% 17.2% 13.7% 17.2% 15.7% 17.1% 17.6% 17.9% 18.8% 18.6% 15.6% 18.9% 18.7% 25.1% 28.2% 25.3% 26.3% 27.9% 27.9% 28.1% 28.1% 26.6% 26.1% 25.0%
Slide 48: ee S— we
—_—>_— ee S— we Sumitomo Corporation | Enriching lives and the world