Sumitomo Osaka records a revenue increase in 9M17

Sumitomo Osaka has released its results for the nine-month period ended 31 December 2017. Revenue advanced to JPY181bn (US$166.5bn) from JPY171.1bn seen in the year-ago period.

However, operating profit fell from JPY16.4bn to JPY13.7bn, with net profit marking a similar decline to JPY10.63 from JPY12.89bn.

In its forecast for the year ending March 2018, the company predicts a total revenue of JPY249bn. Operating profit is expected to finish at 20.5bn, with net profit at JPY14.6bn.