
SMFG books 12% rise in Q3 profit, on track for another record year

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Japan's Sumitomo Mitsui Financial Group (SMFG) reported a 12% increase in Q3 net profit, reaching 461 billion yen ($3 billion) for the period of October-December, compared to 410.8 billion yen the previous year. The bank has maintained its annual profit forecast at 1.5 billion yen for the fiscal year ending March 2026, up from 1.3 billion yen in November.
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