Brief: Sumitomo Corp: To Record About 70 Billion Yen Loss In Connection With Transfer Of All Of Equity Interests In Ambatovy Nickel Project In Madagascar
01/05/2026 05:06
May 1 (Reuters) - Sumitomo Corp 8053.T: SUMITOMO CORP - TO RECORD LOSS OF ABOUT 70.0 BILLION YEN IN CONNECTION WITH TRANSFER OF ALL OF EQUITY INTERESTS IN AMBATOVY NICKEL PROJECT IN MADAGASCAR SUMITOMO CORP - IMPACT ON PROFIT AND LOSS ASSOCIATED WITH THIS TRANSFER HAS ALREADY BEEN INCORPORATED INTO CONSOLIDATED EARNINGS FORECAST FOR FY2026/27 ANNOUNCED TODAY Source text: ID:nTSqa7df87 Further company coverage: 8053.T
Recent news on SUMITOMO
See all newsJapan to arrange private investments worth $6.36 billion in Bangladesh, Nikkei reports (updated)
Australia's Tivan gains on advancement of joint venture for tungsten project
Brief: Tivan Advances Towards Binding Joint Venture For Molyhil Tungsten Project
Australia's FleetPartners set for best week in more than a month on sweetened offers
Brief: Sumitomo Corp Sold Part Of Stake In Gas-Fired Power Generation Business In Thailand To Shikoku Electric Power