{
  "id": 19780466,
  "title": "Sumitomo Mitsui, Mizuho raises annual profit forecast and announces share buyback",
  "url": "https://urgent.news/2026/11/13/sumitomo-mitsui-mizuho-raises-annual-profit-forecast-and-announces",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-13T08:45:00.000Z",
  "source": {
    "name": "Japan Times",
    "slug": "japan-times",
    "url": "https://www.japantimes.co.jp/business/2026/11/13/companies/sumitomo-mitsui-mizuho-profit-forecast/"
  },
  "original_language": "en",
  "account": null,
  "summary": "Sumitomo Mitsui Financial Group and Mizuho Financial Group have both raised their annual profit forecasts and announced plans to buy back shares, buoyed by rising interest rates and strong demand for loans. Sumitomo Mitsui now anticipates a net income of ¥1.9 trillion for the fiscal year ending March 31, up from its previous estimate of ¥1.7 trillion. Mizuho has lifted its annual target to ¥1.6 trillion from ¥1.4 trillion. Japanese lenders are on a record earnings streak due to the central bank's interest-rate hikes, with corporate borrowing showing no signs of slowing down. However, economic risks are growing as global investors become more cautious about the sustainability of the AI boom and as geopolitical conflicts continue to drive up energy prices.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Mizuho H1 profit jumps 47%; hikes annual outlook",
        "url": "https://urgent.news/2026/11/13/mizuho-h1-profit-jumps-47-hikes-annual-outlook",
        "published": "2026-11-13T07:05:09.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}