Sumitomo: 29% Underlying Profit Growth Makes This Japanese Conglomerate A Must-Buy

Sumitomo is evolving into an efficient capital allocator, shifting from commodity dependence to diversified growth businesses. Recent Q1 2026 results show broad-based profitability: revenue up 9%, underlying profit up 29.2%, and adjusted EPS up 13.2% year-over-year. Non-resource segments, notably Digital AI and SCSK, are driving growth, reducing reliance on commodity cycles and supporting future earnings visibility.