Approximately JPY 70 billion consolidated loss expected to be recorded in the first quarter of the fiscal year ending March 2027 due to the transfer of all equity interests in the Ambatovy Nickel Project. The transfer consideration is minus JPY 66.9 billion, and the transfer is planned to be executed in the first half of fiscal 2026.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"8053","jir_company_name":"Sumitomo Corporation","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-05-01","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/05\/8053-20260501-07.pdf","jir_short_summary":"Approximately JPY 70 billion consolidated loss expected to be recorded in the first quarter of the fiscal year ending March 2027 due to the transfer of all equity interests in the Ambatovy Nickel Project. The transfer consideration is minus JPY 66.9 billion, and the transfer is planned to be executed in the first half of fiscal 2026.","jir_summary":"### Overview of the Transfer and Loss Recognition\nSumitomo Corporation resolved to transfer all equity interests in the Ambatovy Nickel Project in Madagascar, which was invested through its wholly-owned subsidiary, to Ambatovy Mineral Resources Investment Holding Company. The transfer consideration is minus USD 418 million (approximately JPY 66.9 billion), and the consolidated financial results for the first quarter of the fiscal year ending March 2027 are expected to record a loss of approximately JPY 70 billion related to securities valuation losses and others. On a non-consolidated basis, a loss of approximately JPY 85 billion is expected to be recorded as non-operating expenses.\n\n### Transfer Schedule and Future Outlook\nThe transfer is planned to be executed during the first half of fiscal 2026, and the associated gain\/loss from this transfer is already incorporated into the full-year consolidated earnings guidance for the fiscal year ending March 2027. Additionally, it was resolved to implement a stock split of four shares for one ordinary share effective July 1, 2026, and the earnings per share figure is calculated based on the post-split number of shares.","jir_financial_highlights":"Sale Consideration: Minus USD 418 million (minus JPY 66.9 billion) (Unknown)\nConsolidated Financial Loss: Approx. JPY 70 billion (Unknown)\nNon-consolidated Financial Loss: Approx. JPY 85 billion (Unknown)\nFull-Year Consolidated Earnings Guidance for FY ending March 2027 - Net Income: JPY 630,000 million (Increase from previous year result of JPY 600,334 million)\nBasic Earnings Per Share (FY March 2027 Forecast): JPY 132.06 (post stock split) (JPY 499.09 (pre stock split))\nStock Split: Four shares for one ordinary share (Newly implemented)","jir_category":"","jir_hashtags":"#SumitomoCorporation, #financial_summary, #JapaneseStocks","jir_key_figures":"Sale Consideration: Minus USD 418 million (minus JPY 66.9 billion)\nConsolidated Financial Loss: Approx. JPY 70 billion (Q1 FY March 2027)\nNon-consolidated Financial Loss: Approx. JPY 85 billion (FY March 2027)","jir_meta_title":"[Sumitomo Corporation] Approx. JPY 70 Billion Loss Recognition from Transfer of Ambatovy Nickel Project\uff5cMay 2026","jir_meta_description":"Sumitomo Corporation will transfer all equity interests in the Ambatovy Nickel Project and plans to record approximately JPY 70 billion consolidated loss in Q1 of fiscal year ending March 2027. The transfer consideration is minus JPY 66.9 billion, and a stock split has also been resolved.","jir_og_title":"[Sumitomo Corporation] Approx. JPY 70 Billion Loss Recognition From Transfer of Ambatovy Nickel Project","jir_og_description":"Sumitomo Corporation plans to record approximately JPY 70 billion loss due to the transfer of all equity interests in the Ambatovy Nickel Project. The transfer is scheduled in the first half of fiscal 2026.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":6868,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"financial_summary","footnotes":""},"sector":[],"importance":[],"class_list":["post-44559","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n