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© 2025 Sumitomo Corporation 00 0 Quarterly Results for FY2025 (Six-month period ended September 30, 2025) October 31, 2025 Sumitomo Corporation Cautionary Statement Concerning Forward-looking Statements This report includes forward-looking statements relating to our future plans, forecasts, objectives, expectations and intentions. The forward-looking statements reflect management's current assumptions and expectations of future events, and accordingly, they are inherently susceptible to uncertainties and changes in circumstances and are not guarantees of future performance. Actual results may differ materially, for a wide range of possible reasons, including general industry and market conditions and general international economic conditions. In light of the many risks and uncertainties, you are advised not to put undue reliance on these statements. The management forecasts included in this report are not projections, and do not represent management’s current estimates of future performance. Rather, they represent forecasts that management strives to achieve through the successful implementation of the Company's business strategies. The Company may be unsuccessful in implementing its business strategies, and management may fail to achieve its forecasts. The Company is under no obligation -- and expressly disclaims any such obligation -- to update or alter its forward-looking statements.
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© 2025 Sumitomo Corporation 11 1 1. Summary of FY2025 Q1-2 Results FY2024 Q1-2 Results FY2025 Q1-2 Results FY2025 full-year Forecasts (announced in Oct. 2025) Profit for the Period (attributable to owners of the parent) 254.0 301.2 +47.3 (YoY) 570.0* 53% (Progress) FY2025 Q1-2 Results and FY2025 Full-year Forecast • Profit for FY2025 Q1-2 attributable to owners of the parent totaled ¥301.2 bil., a ¥47.3 bil. increase compared to the same period of the previous fiscal year. • The full-year forecast of ¥570.0 bil.* remains unchanged. Progress rate was 53%. The full-year forecast by segment has been updated, and the loss buffer set at the beginning of the fiscal year has been reduced from ¥-40.0 bil. to ¥-20.0 bil. Annual Dividend and share repurchase • The planned annual dividend of ¥140 per share remains unchanged from the initial forecast. (Interim dividend: ¥70 per share) • Of the ¥80.0 bil. share repurchase resolved in May 2025, approx.¥24.1 bil. had been repurchased as of the end of Sep. 2025. (Deadline: End of Mar. 2026) * including a loss buffer of ¥-20.0 bil. (Unit: billions of yen)
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© 2025 Sumitomo Corporation 22 2 2. Progress of Medium-Term Management Plan 2026: Profit Plan -29.0 561.9 590.0 FY2024 Result FY2025 Revised Forecasts (Oct.) 570.0 FY2024 Asset replacement and extraordinary profits/losses Growth areas (Steady business growth / Value creation) Restructuring External factors Others FY2025 Asset replacement and extraordinary profits/losses Including) Exchange rate: -14.0 Market prices: -15.0 Steal Leasing Construction systems Diverse Urban Development Digital Healthcare Agriculture Energy Transformation FY 2025 FY 2024 +10.0 +22.0 +12.0 +60.0 -47.0 Buffer -20.0 Asset replacements: ・ Gain on the sale of Midas in tire sales & marketing business in the U.S., etc. Including) +10.0 -5.0 -5.0 Organic Inorganic Asset replacement*2 Main growth areas: +15.0 → FY2026 Image 650.0 ～FY2023 Result FY2026 Plan 650.0 500.0 Restructuring +50.0 Growth business +100.0 incl. Organic*1 +50.0 Inorganic*1 +50.0 Profit growth +150.0 ⚫ Earnings base has been expanding in main growth areas. ⚫ For other growth areas where underlying profit growth has been delayed, recovery initiatives are planned in the latter half of the medium-term management plan. ⚫ With further acceleration of asset replacement, asset replacement and extraordinary profits/losses are expected to total ¥60.0 bil. (Unit: billions of yen) *1 Inorganic: earnings contribution from new businesses or investments to expand existing businesses Organic: profit growth of existing businesses other than “Inorganic” *2 Decrease in equity earnings resulting from asset replacement in main growth areas, etc.
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© 2025 Sumitomo Corporation 33 3 Main growth areas Current situation Action Steel • Investment in EEW, a manufacturing business for “Monopiles”, used for the foundation of offshore wind power generation • Asset replacement strengthened and expanded in low-growth businesses • Enhance customers services, expand the products portfolio, and strengthen the supply chain foundation • Revise regional strategies and shift resources to growth markets Construction Systems • Sales & service business: Investment in BIA Group, a distributor of construction equipment • A Construction equipment rental business in North America: Recovery measures, such as personnel cost controls and sales of used equipment, were implemented to address a profit shortfall caused by a slowdown in construction demand growth • To further improve profitability and capital efficiency while strengthening the earnings base through regional market share expansion and product lineup enhancement • Construction equipment rental business in North America: cultivate national account business, strengthen specialty rentals such as trenches, and enhance cost competitiveness Leasing • Expanded existing businesses through the agreement to acquire a U.S.- based aircraft leasing company, full acquisition of KENEDIX by SMFL(Oct.), and acquisition of a helicopter leasing company, etc. • Entered the container leasing business at SMFL, achieving expansion of business areas and diversification of the business portfolio • Improve profitability and asset efficiency by strengthening asset management business in real estate, aircraft, etc. Diverse Urban Development • Steady progress driven by the promotion of asset turnover, mainly in Japan • Strong performance in the U.S. housing business • Promote asset turnover of domestic and overseas real estate and enhance profitability from businesses such as industrial parks and overseas real estate • Develop and expand high-quality projects globally and continue steady efforts to realize diverse urban development by leveraging the strengths of each SBU Digital • SCSK completed the consolidation of Net One Systems • Entered the GPU as a Service business and strengthened the AI solution business • Announcement of commencement of tender offer for SCSK shares, etc. (Oct.) • Build the No.1 digital business platform in the Asia-Pacific region • From upstream consulting to downstream BPO, and from core system development to data-driven management support, leverage Sumitomo Corporation's customer base and knowledge of industry issues to address DX/IT needs both domestically and internationally Healthcare • Value enhancement progressing through operational efficiency improvements in existing businesses • Business base expanding in North America and other regions, while progress has been delayed due to the withdrawal of new investments in Japan and overseas • Further enhance the value of existing businesses • To expand the business base through acquisitions in Japan and overseas Agriculture • Brazil: implemented measures such as tightened credit control to address potential bad debt expense, steadily increasing orders in FY2025 in preparation for demand season in the second half • Investments were steadily proceeded in the areas of agriculture inputs distributor in Vietnam/Romania and biocontrol manufacturing business in Chile/the U.S. • Brazil: continue to focus on improving profitability and strengthening resilience of existing businesses • Strengthen sales of high value-added products such as bio-pesticides, and reinforce our earnings base and build downside resilience through collaboration with leading partners Energy Transformation • Stable performance in overseas IPP/IWPP business, and other businesses • Investment in city gas business in India, entry into India’s corporate PPA market supplying power derived from renewable sources • Provide one-stop decarbonization solution capturing regional needs by overseeing the entire value chain of each industrial sector, shift to decarbonization business, increase trading, and expand new revenue bases 3. Progress of Medium-Term Management Plan 2026: Growth areas with strengths and competitive advantages
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© 2025 Sumitomo Corporation 44 4 *1 Steel, Leasing, Construction systems, Diverse Urbaan Development, Digital, Healthcare, Agriculture, Energy Transformation *2 Cash flow earnings = [Gross profit + Selling, general and administrative expenses (excluding provision for doubtful receiv ables) + Interest expense, net of interest income + Dividends] x (1-Tax rate) + Dividend from investments accounted for using the equity method (excluding dividend associated with asset replace ment) + Depreciation + Lease liability payments *3 Includes “expenditures for acquiring subsidiary interests from non -controlling shareholders”, which are classified under financing cash flows in statutory accounting *4 Excludes changes in working capital, etc. 4. Progress of Medium-Term Management Plan 2026: Cash flow allocation Cash In Cash Out Improve cash flow earnings mainly in main growth areas*1 Progressive dividend payments, Total payout ratio: 40% or higher ⚫ Full acquisition of SCSK approx.¥880.0 bil. ⚫ Acquisition of U.S.-based aircraft leasing company approx.¥300.0 bil. ⚫ In addition to enhancing cash flow earnings, further accelerate asset replacement as part of the portfolio transformation for continuous growth, while implementing strategic investments with greater discipline. ⚫ Secure positive free cash flow post shareholder returns for FY2024-2028 (5 year cumulative), and reduce the balance of interest-bearing liabilities and Net Debt to Equity to the current level by the end of FY2028 at the latest. Upon completion of the full acquisition of SCSK, a temporary increase in interest- bearing liabilities and Net Debt to Equity Cash flow earnings*2 ¥2 trillion Investment*3 ¥1.8 trillion Asset replacement ¥0.8 trillion Shareholder returns ¥0.7 trillion ¥0.97 trillion ¥0.31 trillion ¥0.98 trillion ¥0.40 trillion ¥0.39 trillion ¥0.83 trillion ¥1.02 trillion ¥0.40 trillion Management allocation ¥0.3 trillion ¥0.30 trillion Upcoming major investments Further accelerate metabolism of business portfolio Cash flow earnings ¥2 trillion Investment ≥¥1.8 trillion Asset replacement ¥0.8 trillion Shareholder returns ≥¥0.7trillion Cash Out ROE12% or higher Cash In FY2025 Q3 - FY2026 Plan FY2024 - FY2025 Q2 Results Medium-Term Management Plan 2026 ［Maintain Financial soundness］ Positive free cash flow post shareholder returns*4 Basic Policy
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© 2025 Sumitomo Corporation 55 5 Cash flow earnings ¥2 trillion Investment ≥¥1.8 trillion Asset replacement ¥0.8 trillion Shareholder returns ≥¥0.7trillion Cash Out ROE12% or higher Cash In in Steady business growth / Value creation: approx.¥850.0 bil. ⚫ Progress in the sale of cross -shareholdings: approx. ¥+100.0 bil. ⚫ Sale of T -Gaia: approx. ¥+50.0 bil. approx. ¥850.0 bil. approx.¥40.0 bil. approx.¥180.0 bil. ● Construction equipment rental business in North America ● SCSK ● QB2, etc. approx.¥60.0 bil. ●Capital increase in Telecommunications business in Ethiopia ●Investment in CVC, etc. in Nurture / Restructuring: approx.¥120.0 bil. Earnings Contribution (FY2026 Forecast) approx.¥+15.0 bil. *1 *2 approx. ¥120.0 bil. *1 In addition, an investment of approx. ¥300.0 bil. for the acquisition of a U.S.-based aircraft leasing company is expected to contribute to earnings in FY2026. *2 Excludes earnings contribution from properties. Forecasted earnings contribution from new investments in growth areas under the three-year MTMP2026: +¥50.0 bil. ⚫ Asset replacement (Apr. 2024 - Sep. 2025) ¥400.0 bil. ⚫ Total investment (Apr. 2024 - Sep. 2025) ¥970.0 bil. ◼ Sustaining CAPEX ◼ Investments contribute to earnings during MTMP2026 ◼ Investments contribute to earnings from FY2027 onward approx.¥20.0 bil. approx.¥180.0 bil. ● Investment in city gas business in India: approx.¥20.0 bil. ● Acquisition of domestic and overseas properties: approx.¥80.0 bil., etc. ⚫ Acquisition of domestic and overseas properties approx.¥20.0 bil. ⚫ Investment in the manufacturing business for the foundation of offshore wind power generation Confidential ⚫ Assets increase in construction equipment rental business in North America approx.¥20.0 bil. ⚫ Investment in Net One Systems by SCSK approx.¥330.0 bil. ,etc. Subtotal (excluding domestic and overseas properties) approx.¥470.0 bil.*1 *2 Investments contribute to earnings during MTMP2026 approx.¥490.0 bil. 5. Progress of Medium-Term Management Plan 2026: Investment and Asset replacement
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© 2025 Sumitomo Corporation 66 6 87.0 137.0 143.0 153.0 157.0 168.0 70.0 70.0 60.0 70 110 115 125 130 140 *1 Breakdown: Shareholder return for FY2024 ¥20.0 bil., Shareholder return for FY2025 ¥60.0 bil. *2 Dividends to be maintained or increased 463.7 565.3 386.4 561.9 570.0 ⚫ The planned annual dividend of ¥140 per share remains unchanged from the initial forecast. (Interim dividend: ¥70 per share) ⚫ Of the ¥80.0 bil.*1 share repurchase resolved in May 2025, approx.¥24.1 bil. had been repurchased as of the end of Sep. 2025. (Deadline: End of Mar. 2026) Annual dividends per share (yen) Share repurchases (billions of yen) Total annual dividends (billions of yen) Profit/loss (-) for the year (billions of yen) Total payout ratio Progressive Dividend -153.1 Total payout ratio of 40% or higher & Progressive dividend payments*2Shareholder return policy Pursuing sustainable profit growth and further strengthening our earnings base to enhance shareholder returns and increase shareholder value Total payout ratio: 40% or higher & Progressive dividend paymentDOE range methodConsolidated payout ratio: 30% FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 Forecast FY2026 Image 40.1%29.7% 37.7% 39.5% 40.5% 6. Shareholder Return
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© 2025 Sumitomo Corporation 77 7 1. 7. Progress Overview of Medium-Term Management Plan 2026 Business portfolio transformation ⚫ Executed investments to strengthen competitive advantages, with a focus on main growth areas. (Upcoming major investments are planned as below.) ・Acquisition of U.S.-based aircraft leasing company: To be completed in FY2026 Q1 ・Commencement of the tender offer for SCSK: Tender offer period ends in FY2025 Q3, etc. ⚫ Steady progress in asset replacement. Actions are also taken to resolve struggling businesses from the previous Medium-Term Management Plan. ・Sale of T-Gaia and Midas in the U.S. tire sales & marketing business ・Sale of the melon production and sales business in North America (Oct. 2025) Growth leveraged by strengths ⚫ Profit growth mainly in main growth areas. (Leasing, Diverse Urban Development, Digital) ⚫ Promoting our “Digital/AI strategy,” and accelerate it through the full acquisition of SCSK. ⚫ For certain growth areas where underlying profit growth has been delayed, recovery initiatives are planned in the latter half of the medium-term management plan. Strengthen driving force for growth ⚫ Synergy enhancement driven by group reorganization. ・Diverse Urban Development has been expanding its overseas property projects by leveraging expertise and know-how gained from its infrastructure business. Growth leveraged by strengths Strengthen driving force for growth Business portfolio transformation No.1 in Each Field Business portfolio transformation accelerated through major acquisitions and promotion of asset replacement
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© 2025 Sumitomo Corporation 88 8 FY2025 Q1-2 Results / Full-year Forecasts
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© 2025 Sumitomo Corporation 99 9 1.0 11.07.0 43.0 185.0 202.0 61.0 45.0 (Unit: billions of yen) 301.2 254.0 Quarterly Results (YoY) 8. Operating Results (Profit for FY2025 Q1-2 (Attributable to Owners of the Parent)) FY2024 Q1-2 FY2025 Q1-2 -16.0 +17.0 ６ Mineral resources *1 *3 (¥-16.0 bil.) Coal business in Australia and Iron ore mining business in South Africa: decline in prices among others Non-mineral resources *2 *3 (¥+17.0 bil.) Ship business: steady performance with profit increase Real estate: delivery of large-scale properties in FY2025 Q1-2 Digital: profit increase from Net One Systems’ consolidation into SCSK Automotive sales & marketing business: profit declined due to intensified competition in key markets Overseas IPP/IWPP business: absence of gains from asset sales in FY2024 Q1-2 Asset replacement and extraordinary profits/losses Gain from the sale of Midas in tire sales & marketing business in the U.S. Corporate and Eliminations *3 - Impact of the appreciation of the yen Average exchange rate (JPY/US$): FY2024 Q1-2 152.76 FY2025 Q1-2 146.02 *1 Mineral resources is a sum of Mineral Resources Group, and Gas Value Chain SBU within Energy Transformation Business Group *2 Non-mineral resources is calculated by subtracting “Mineral resources” and “Corporate and Eliminations” from the total. *3 The results of Mineral resources, Non -mineral resources, and Corporate and Eliminations represents profits/losses excl. “asse t replacement and extraordinary profits/losses”.
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© 2025 Sumitomo Corporation 1010 10 Profit Increase/ Decrease Main factors for the increase/decrease Steel -1.1 • Tubular products: demand declined in North America due to falling oil prices • Steel sheets: start of earnings contribution from monopile manufacturing business Automotive +30.0 • Automotive sales & marketing: profit declined due to intensified competition in key markets • Gain from the sale of Midas in tire sales & marketing business in the U.S. • Gain from the sale of SML Isuzu shares Transportation & Construction Systems +1.5 • Transportation: stable in leasing business and profit increase due to vessel sales in the ship business • Construction & mining systems: profit declined due to continued softness in construction demand Diverse Urban Development +23.6 • Real estate: delivery of large-scale properties Media & Digital +13.4 • Digital: profit increased from Net One Systems’ consolidation into SCSK and gain from the sale of ARGO GRAPHICS by SCSK • Overseas telecommunication business: decrease in foreign exchange valuation losses due to the devaluation of the local currency in Ethiopia Lifestyle Business -0.3 • Fresh produce business in Europe and the Americas: despite strong performance in the banana and pineapple businesses, profit declined due to the weak performance of the melon business • Domestic supermarket business: profit increased driven by the opening and renovation of stores Mineral Resources -18.8 • Coal business in Australia: profit declined due to a drop in coal prices and a decrease in coking coal sales volume • Iron ore mining business in South Africa: decline in prices • Copper business: profit increased due to higher prices Chemical Solutions 0.0 • Agribusiness: recovery from the impact of unusual weather conditions in the prior year in Brazil • Absence of divestment-related gain in FY2024 Q1-2 Energy Transformation Business -10.8 • Overseas IPP/IWPP business: absence of gains from asset sales in FY2024 Q1-2 Corporate and Eliminations +9.7 - 9. Profit for the Period by Segment 10.9 48.1 14.8 31.6 2.3 21.6 44.1 40.3 53.4 34.1 1.1 58.9 14.8 50.4 2.6 8.2 20.5 38.8 23.4 35.2Upper: FY2024 Q1-2 Results Lower: FY2025 Q1-2 Results (Unit: billions of yen)
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© 2025 Sumitomo Corporation 1111 11 Medium-Term Management Plan 2026 3-year Total Plan*1 Medium-Term Management Plan 2026 Total Results FY2024 Results FY2025 Q1-2 Results (Apr. 2024-Mar. 2027) (Apr. 2024-Sep. 2025) (Apr. 2024-Mar. 2025) (Apr. 2025-Sep. 2025) Cash In Cash flow earnings*2 +2,000.0 ～ +979.3 +647.6 +331.6 Asset replacement +800.0 ～ +400.0 +240.0 +160.0 Cash Out Investment*3 ≤ -1,800.0 -970.0 -730.0 -240.0 (Steady business growth / Value creation) (≤ -1,400.0) (-850.0) (-630.0) (-220.0) (Nurture / Restructuring) (≤ -400.0) (-120.0) (-100.0) (-20.0) Shareholder return ≤ -700.0 -307.8 -205.0 -102.7 Free cash flow (post-shareholder return) (Changes in working capital, etc. excluded) Positive +100.0 -40.0 +140.0 (Unit: billions of yen) 10. Operating Results (Cash Flows) Cash flow earnings • Steady cash generation by core businesses Asset replacement • Sale of Midas in tire sales & marketing business in the U.S. • Sale of domestic and overseas properties • Sale of T-Gaia • Sale of ARGO GRAPHICS by SCSK • Sale of cross-shareholdings Investment • Acquisition of domestic and overseas properties • Acquisition of shares in Net One Systems by SCSK • Investment in ActivStyle, a healthcare company in the U.S. Shareholder return • Dividend paid, share repurchased*1 Cash flow allocation policy on “Medium-Term Management Plan 2026” is as follows. ・Positive free cash flow post shareholder returns (changes in working capital, etc. excluded) ・Allocate funds to shareholder returns and growth investments considering investment opportunities, business environment, cash flow conditions, etc., to improve ROE *2 Cash flow earnings＝(Gross profit + Selling, general and administrative expenses (excluding provision for doubtful receivables) + Interest expens e, net of interest income + dividends) × (1-tax rate) + dividend from investments accounted for using the equity method (excluding dividend associated with asset replacement) + Depreciation + Lease liability payments *3 Includes “expenditures for acquiring subsidiary interests from non -controlling shareholders”, which are classified under financing cash flows in statutory accounting
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© 2025 Sumitomo Corporation 1212 12 As of Mar. 31, 2025 As of Sep. 30, 2025 Increase/ Decrease Current assets 5,074.1 5,409.6 +335.4 Non-current assets 6,557.0 6,567.0 +10.0 Total assets 11,631.2 11,976.6 +345.4 Other liabilities 3,490.9 3,552.7 +61.9 Interest-bearing liabilities*1 3,254.7 (2,672.5) 3,283.1 (2,666.9) +28.3 (-5.6) Total liabilities 6,745.6 6,835.8 +90.2 Shareholders’ equity*2 4,648.5 4,884.2 +235.7 Total liabilities and equity 11,631.2 11,976.6 +345.4 D/E Ratio (Net) 0.57 0.55 -0.03pt Exchange rate (JPY/US$) 149.52 148.88 -0.64 11. Operating Results (Financial Position) Total assets (Increase/Decrease: ¥+345.4 bil.) • Increase in operating assets Shareholders’ equity (Increase/Decrease: ¥+235.7 bil.) • Increase from profit for the period • Dividend paid, share repurchased (Unit: billions of yen) *1 “Interest-bearing liabilities” is sum of bonds and borrowings (current and non - current), excluding lease liabilities. Figures in parenthesis in “interest-bearing liabilities” show “interest-bearing liabilities, net”. *2 “Shareholders‘ equity” is equivalent to “equity attributable to owners of the parent” in consolidated statements of financ ial position.
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© 2025 Sumitomo Corporation 1313 13 12. Forecasts for FY2025 (Profit for the Year (Attributable to Owners of the Parent)) Mineral resources *1 *3 (¥-12.0 bil.) New investments not carried out Non-mineral resources *2 *3 (¥-28.0 bil.) Tubular products business in North America Automotive sales & marketing Telecommunication business in overseas Healthcare Basic Chemicals : sluggish demand due to falling oil prices : intensified competition in key markets : increased impact from local currency depreciation in Ethiopia, and other factors : new investments not carried out : sales decrease due to weakening demand Asset replacement and extraordinary profits/losses (¥+20.0 bil.) Profits from asset replacement in several transactions Corporate and Eliminations*3 ー Buffer Forecasts (May) : ¥-40.0 bil. Forecasts (Oct.) : ¥-20.0 bil. 15.0 15.0 40.0 60.0 444.0 416.0 111.0 99.0 FY2025 Forecasts (May) FY2025 Forecasts (Oct.) Buffer -20.0590.0 570.0 Buffer -40.0610.0 570.0 -12.0 -28.0 (Unit: billions of yen) *1 Mineral resources is a sum of Mineral Resources Group, and Gas Value Chain SBU within Energy Transformation Business Group *2 Non-mineral resources is calculated by subtracting “Mineral resources” and “Corporate and Eliminations” from the total. *3 The results of Mineral resources, Non -mineral resources, and Corporate and Eliminations represents profits/losses excl. “asse t replacement and extraordinary profits/losses”. Compared to the Initial Forecasts
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© 2025 Sumitomo Corporation 1414 14 FY2025 Forecasts (announced in May 2025) FY2025 Forecasts (announced in Oct. 2025) FY2025 Q1-2 Results Progress Progress and outlook by segment (A) (B) (B)/(A) Steel 76.0 76.0 34.1 45% ・Tubular products: market prices expected to rise in North America, other areas are expected to progress as planned ・Steel sheets: monopile manufacturing business remains stable; other businesses are also expected to progress as planned. Automotive 82.0 77.0 53.4 69% ・Automotive sales & marketing: tough competitive environment in key markets expected to continue ・Domestic auto leasing business: stable Transportation & Construction Systems 88.0 88.0 40.3 46% ・Transportation: stable mainly in leasing business and ship business ・Construction & mining systems: higher sales driven by used equipment sales and personnel and other cost reductions Diverse Urban Development 78.0 78.0 44.1 57% ・Real estate: property deliveries expected as planned, driven by active asset turnover Media & Digital 40.0 40.0 21.6 54% ・Major domestic businesses: in line with initial forecasts ・Telecommunications in Ethiopia: weakening due to increasing impact from local currency depreciation, despite growth in customer acquisition Lifestyle Business 15.0 11.0 2.3 21% ・Fresh produce business in Europe and the Americas: strong performance expected to continue, primarily in banana and pineapple business, and loss on the sale of the melon production and sales business ・Healthcare: inherently weighted toward Q3-4, profit growth expected from business expansion among others Mineral Resources 83.0 71.0 31.6 45% ・Copper business: stable ・Aluminum: expect margin improvement ・Trade business: expect profit improvement Chemical Solutions 35.0 33.0 14.8 45% ・Agribusiness: sales volume increase expected during the high-demand season and profitability improvement driven by high value-added products ・Electronics & Life Science: stable Energy Transformation Business 95.0 95.0 48.1 51% ・Overall progress expected to remain in line with initial forecasts, including asset replacement Corporate and Eliminations 18.0 21.0 10.9 52% ー Total (excluding a loss buffer) 610.0 590.0 301.2 51% ー Buffer -40.0 -20.0 ー ー ー Full-year Forecast (including a loss buffer) 570.0 570.0 301.2 53% ー 13. Forecasts for FY2025 (Profit for the Year by Segment) (Unit: billions of yen)
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© 2025 Sumitomo Corporation 1515 15 Appendix
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© 2025 Sumitomo Corporation 1616 16 ContentsContents 14. Assumptions and Sensitivity P.17 15. Forecasts for FY2025 (Profit for the Year by Segment) P.18 16. Quarterly Breakdown of Asset Replacement and Extraordinary Profits/Losses by Segment P.19-20 17. Performance Overview by Segment P.21-29 18. Supplementary Segment Information P.30-39 19. Summary of Consolidated Statements of Comprehensive Income P.40 20. Summary of Consolidated Statements of Cash Flows P.41 21. Summary of Consolidated Statements of Financial Position P.42 22. Shareholder Composition P.43
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© 2025 Sumitomo Corporation 1717 17 FY24 Results FY25 Results FY25 Revised Forecasts (Oct. 2025) FY25 Forecasts (May 2025) Sensitivity to Net Income*3 (Annual base, Oct. 2025 announcements)Q1-2 Q1-4 Q1 Q2 Q1-2 Q3-4 Q1-4 Exchange rate JPY/US$ 152.76 152.61 144.59 147.46 146.02 140.00 143.01 140.00 ¥+2.0 bil. (depreciation of ¥1/US$) Interest rate TORF 3M 0.15% 0.27% 0.49% 0.51% 0.50% 0.65% 0.60% 0.60% - SOFR 3M 5.20% 4.81% 4.30% 4.19% 4.24% 3.60% 3.90% 3.75% - Copper Equity share of production [KMT] 22.3 46.9 10.4 11.3 21.7 22.7 44.4 46.5 ¥410 mil. (US$100/MT) Prices*2 [US$/MT] 9,096 9,148 9,340 9,519 9,429 9,879 9,654 9,392 Nickel Equity share of production [KMT] 8.7 14.8 4.0 4.9 8.9 Just below 10 Just below 20 Just below 20 - *4 Prices [US$/lb] 7.87 7.52 6.88 6.81 6.84 7.63 7.24 7.67 Coking Coal Equity share of shipping volume [mil MT] 0.7 1.3 0.2 0.2 0.4 0.7 1.1 1.2 ¥80 mil. (US$1/MT) Prices [US$/MT] 227 210 184 184 184 212 198 217 Thermal Coal Equity share of shipping volume [mil MT] 2.2 4.3 1.2 1.3 2.5 1.7 4.2 4.2 ¥230 mil. (US$1/MT) Prices [US$/MT] 138 130 101 109 105 119 112 124 Iron Ore*1 Equity share of shipping volume [mil MT] 3.0 6.1 0.7 2.5 3.2 2.9 6.1 6.4 ¥510 mil. (US$1/MT) Prices*2 [US$/MT] 118 110 104 98 101 99 100 100 Manganese Ore*1 Equity share of shipping volume [mil MT] 0.4 0.9 - 0.4 0.4 0.4 0.9 0.9 ¥90 mil. (US$1/MT) Prices*2 [US$/MT] 241 242 202 193 198 183 190 194 LNG Equity share of production [KMT] 220 470 120 130 250 260 510 510 - Prices and Mineral Resources Equity Share of Production 14. Assumptions and Sensitivity Prices are general market prices. *1 The shipping volume of iron ore and manganese ore of Iron ore mining business in South Africa are recognized semi-annually. (in the Q2 and Q4) *2 Results and forecasts are market prices for the period from Jan. to Dec., in accordance with fiscal year of main subsidiar ies and associated companies. *3 Exchange rate sensitivity shows the impact on net income when converting overseas subsidiaries’ profits into JPY. Mineral resource prices sensitivities show the impact on net income due to revenue fluctuations. *4 Equity in earnings remains unaffected by nickel price fluctuations.
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© 2025 Sumitomo Corporation 1818 18 (Unit: billions of yen) FY25 Q1-2 Results FY25 Forecasts (announced in Oct. 2025) FY25 Forecasts (announced in May 2025) Profit for the Period (attributable to owners of the parent) Asset replacement and extraordinary profits/losses* Profit for the Year (attributable to owners of the parent) Asset replacement and extraordinary profits/losses* Profit for the Year (attributable to owners of the parent) Asset replacement and extraordinary profits/losses* Steel 34.1 -1.0 76.0 8.0 76.0 4.0 Automotive 53.4 33.0 77.0 34.0 82.0 24.0 Transportation & Construction Systems 40.3 0.0 88.0 0.0 88.0 0.0 Diverse Urban Development 44.1 0.0 78.0 0.0 78.0 0.0 Media & Digital 21.6 5.0 40.0 5.0 40.0 2.0 Lifestyle Business 2.3 0.0 11.0 -6.0 15.0 -4.0 Mineral Resources 31.6 0.0 71.0 2.0 83.0 2.0 Chemical Solutions 14.8 0.0 33.0 -2.0 35.0 -4.0 Energy Transformation Business 48.1 5.0 95.0 13.0 95.0 13.0 Group Total 290.4 43.0 569.0 54.0 592.0 37.0 Corporate and Eliminations 10.9 0.0 21.0 6.0 18.0 3.0 Total 301.2 43.0 590.0 60.0 610.0 40.0 Buffer - - -20.0 0.0 -40.0 0.0 Consolidated 301.2 43.0 570.0 60.0 570.0 40.0 15. Forecasts for FY2025 (Profit for the Year by Segment) * Asset replacement and extraordinary profits/losses are rounded to the nearest 1 billion.
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© 2025 Sumitomo Corporation 1919 19 Q1 Q2 Q3 Q4 Cumulative Results Main factors Steel 0.0 -1.0 -1.0 Q2 Profit/loss related to asset replacement in steel sheets business: approx.-1.0 Automotive 31.0 3.0 33.0 Q1 Q2 Gain on the sale of Midas in tire sales & marketing business in the U.S.: approx.+28.0 Tax effect in Automotive sales & marketing: approx.+3.0 Gain on the sale of SML Isuzu: approx.+3.0 Transportation & Construction Systems 1.0 -1.0 0.0 Q1 Receipt of Insurance settlement proceeds by aircraft leasing business: approx.+1.0 Diverse Urban Development 0.0 0.0 0.0 Media & Digital 2.0 3.0 5.0 Q1 Q2 Overseas telecommunication business: approx.+2.0 SCSK’s gain on the sale of ARGO GRAPHICS shares: approx.+3.0 Lifestyle Business 0.0 0.0 0.0 Mineral Resources 0.0 0.0 0.0 Chemical Solutions 0.0 0.0 0.0 Energy Transformation Business 0.0 5.0 5.0 Q2 Power plant business: approx.+3.0 (Gain from liquidating gas-fired power plant business in Vietnam) Reversal of provisions for construction losses in EPC business: approx.+1.0 EII: approx.+1.0 (Gain from bad debt recovery) Corporate and Eliminations 0.0 0.0 0.0 Total 34.0 9.0 43.0 (Unit: billions of yen) 16. Quarterly Breakdown of Asset Replacement and Extraordinary Profits/Losses by Segment (FY2025)
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© 2025 Sumitomo Corporation 2020 20 Q1 Q2 Q3 Q4 Cumulative Results Main factors Steel 0.0 0.0 0.0 -1.0 -1.0 Q4 Loss related to withdrawal from steel sheets business, etc.: approx.-4.0 Tax effect from the capital restructuring of U.S. group companies, etc.: approx.+4.0, Edgen Group: approx.-2.0 Automotive -5.0 1.0 3.0 3.0 1.0 Q1 Q2 Q3 Q4 Loss on the sale of the airbag cushion manufacturing and sales business: approx.-5.0 Restructuring gains in automotive manufacturing and engineering business: approx.+1.0 Gain on the sale of the airbag cushion manufacturing and sales business: approx.+1.0 Capital restructuring gains in mobility services business: approx.+2.0 Tax effect from the capital restructuring of the parking business in Nordic countries: approx.+3.0 Transportation & Construction Systems 0.0 0.0 5.0 18.0 23.0 Q3 Q4 Gain on the sale of shares and other items at the SMFL level: approx.+3.0 Revaluation gain from acquisition of U.S. aircraft part-out business: approx.+2.0 Receipt of Insurance settlement proceeds by aircraft leasing business: approx.+21.0 Impairment loss on solar power business in SMFL: approx.-3.0 Diverse Urban Development 0.0 0.0 1.0 4.0 5.0 Q3 Q4 Gain on the sale of shares and other items at the SMFL level: approx.+1.0 Receipt of Insurance settlement proceeds by aircraft leasing business: approx.+5.0 Impairment loss on solar power business in SMFL: approx.-1.0 Media & Digital 0.0 0.0 18.0 0.0 18.0 Q3 Gain related to the sale of T-Gaia: approx.+18.0 Lifestyle Business 0.0 0.0 3.0 -1.0 2.0 Q3 Q4 Domestic healthcare business: approx.+3.0 Adjustment of prior year profits and losses in Mushroom business in North America: approx.-1.0 Mineral Resources 0.0 3.0 -6.0 7.0 4.0 Q2 Q3 Q4 Profit from the deferred payment sale of Batu Hijau copper mine in Indonesia: approx.+3.0 Nickel mining & refining business in Madagascar: approx.-6.0 (loss on shareholder loans resulting from debt restructuring recorded: approx.-19.0, tax effect: approx.+13.0) Tax effect from the capital restructuring of the iron ore mining business in Brazil: approx.+7.0 Chemical Solutions 4.0 0.0 -2.0 -4.0 -2.0 Q1 Q3 Q4 Profit from the sale of the U.S. pharmaceutical business: approx.+4.0 Bad debt expense for doubtful receivables in agricultural input & service business in Brazil: approx.-2.0 Bad debt expense for doubtful receivables in agricultural input & service business in Brazil: approx.-4.0 Energy Transformation Business 0.0 4.0 -1.0 -7.0 -4.0 Q2 Q3 Q4 Reversal of provisions for construction losses in EPC business: approx.+4.0 Power infrastructure business: approx.-2.0 (Loss on withdrawal from a wind power generation business in Japan) Adjustment of prior year profits and losses in EPC business: approx.+1.0 Power infrastructure business: approx.-7.0 (impairment loss on the onshore wind farm project in Egypt: approx.-3.0, others: approx.-4.0) Corporate and Eliminations 0.0 0.0 1.0 0.0 1.0 Total -1.0 8.0 21.0 19.0 47.0 16. Quarterly Breakdown of Asset Replacement and Extraordinary Profits/Losses by Segment (FY2024) (Unit: billions of yen)
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© 2025 Sumitomo Corporation 2121 21 18.0 17.0 18.0 16.0 Q1 Q2 Q3 Q4 19.0 16.0 Q1 Q2 Q3 Q4 Major Group Companies / Businesses Quarterly Trend for Underlying Profit Companies / Businesses Shares in Equity (Sep. 30, 2025) Equity in Earnings FY24 Q1-2 Results FY25 Q1-2 Results FY25 Revised Forecasts (Oct. 2025) FY25 Forecasts (May 2025) Sumitomo Corporation Global Metals Group*2 100.00 % 2.9 3.8 7.1 6.9 Eryngium 100.00 % 1.9 0.3 2.8 4.0 Edgen Group 100.00 % 0.0 0.9 1.5 1.7 Key Financial Indicators FY25 Forecasts (Oct.): 68.0FY24 Results: 70.0 Underlying Profit for FY25 Q1-2 (Remained level with FY24 Q1-2) Outlook for the Q3-4 (Underlying Profit) Tubular products ⚫ Tubular products business in North America: demand decline due to falling oil prices Steel sheets ⚫ Start of earnings contribution from monopile manufacturing ⚫ Overseas railway projects: stable Tubular products ⚫ Tubular products business in North America: sluggish demand due to falling oil prices, but market prices expected to rise ⚫ Tubular products business in other areas: expected to progress as planned Steel sheets ⚫ Monopile manufacturing business: stable ⚫ Other businesses: expected to progress as planned Investment & Replacement Topics Investment (FY25 Q1-2 Result: ¥4.0 bil.) 17. Performance Overview (Steel) *1 “Underlying profit” is profit for the year attributable to owners of the parent excl. asset replacement and extraordinary profits/losses. *2 Sumitomo Corporation Global Metals‘ combined financial results, including those of the operating companies it is involved in and supports regardless of the investment relationship, are ¥10.7 billion in FY24 Q1-2, ¥13.9 billion in FY25 Q1-2, and ¥27.5 billion in the FY25 revised forecast (Oct. 2025). (Unit: billions of yen) Progress 51% FY24 Q1-2 Results FY25 Q1-2 Results Increase/ Decrease FY25 Q3-4 Revised Forecasts (Oct. 2025) FY25 Revised Forecasts (Oct. 2025) FY25 Forecasts (May 2025) ① ② ②-① ③-② ③ Profit for the period attributable to owners of the parent A 35.2 34.1 -1.1 41.9 76.0 76.0 Asset replacement and extraordinary profits/losses B 0.0 approx.-1.0 approx.-1.0 approx.+9.0 approx.+8.0 approx.+4.0 Underlying profit*1 A-B approx.35.0 approx.35.0 0.0 approx.33.0 approx.68.0 approx.72.0
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© 2025 Sumitomo Corporation 2222 22 Key Financial Indicators Major Group Companies / Businesses 12.0 15.0 14.0 8.0 Q1 Q2 Q3 Q4 Quarterly Trend for Underlying Profit Companies / Businesses Shares in Equity (Sep. 30, 2025) Equity in Earnings FY24 Q1-2 Results FY25 Q1-2 Results FY25 Revised Forecasts (Oct. 2025) FY25 Forecasts (May 2025) Sumitomo Corporation Power & Mobility*1 *2 100.00 % 1.3 1.1 2.0 2.0 Sumitomo Mitsui Auto Service Company 40.43 % 5.5 5.2 9.4 9.4 TBC 50.00 % -0.6 31.9*3 -*4 -*4 9.0 11.0 Q1 Q2 Q3 Q4 FY25 Forecasts (Oct.): 43.0FY24 Results: 50.0 Underlying Profit for FY25 Q1-2 (approx.¥7.0 bil. decrease from FY24 Q1-2) Outlook for the Q3-4 (Underlying Profit) Automotive sales & marketing ⚫ Profit declined due to intensified competition in key markets Mobility services ⚫ Automotive finance business: Performance improved due to a decrease in credit costs and cost reductions Tire ⚫ Performance improved due to improvements in operational efficiency Automotive manufacturing and engineering ⚫ Profit increase expected due to operational improvements Automotive sales & marketing ⚫ Tough competitive environment in key markets expected to continue Mobility services ⚫ Domestic auto leasing business: stable Tire ⚫ Operational improvements are expected to continue Investment & Replacement Topics Investment (FY25 Q1-2 Result: ¥9.0 bil.) Replacement ⚫ Sale of Midas in tire sales & marketing business in the U.S. ⚫ Sale of SML Isuzu 17. Performance Overview (Automotive) *1 Equity in earnings for this company is presented as the company total, including amounts from another segment. *2 This company's results and forecasts for automotive business are allocated to this group, those for social infrastructure business are allocated to Diverse Urban Development Group, and those for energy solution business are allocated to Energy Transformation Business Group, respectively. *3 Approx.¥30.0 bil. in gains from the sale of Midas are included in the FY25 Q1 results. Including tax effects, the total impac t on the Group’s performance from the sale is approx.¥28.0 bil. *4 We refrain from disclosing the forecasts due to relationship with the business partner. (Unit: billions of yen) Progress 47% FY24 Q1-2 Results FY25 Q1-2 Results Increase/ Decrease FY25 Q3-4 Revised Forecasts (Oct. 2025) FY25 Revised Forecasts (Oct. 2025) FY25 Forecasts (May 2025) ① ② ②-① ③-② ③ Profit for the period attributable to owners of the parent A 23.4 53.4 +30.0 23.6 77.0 82.0 Asset replacement and extraordinary profits/losses B approx.-4.0 approx.+33.0 approx.+37.0 approx.+1.0 approx.+34.0 approx.+24.0 Underlying profit A-B approx.27.0 approx.20.0 approx.-7.0 approx.23.0 approx.43.0 approx.58.0
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© 2025 Sumitomo Corporation 2323 23 Key Financial Indicators Major Group Companies / Businesses 20.0 19.0 21.0 18.0 Q1 Q2 Q3 Q4 Quarterly Trend for Underlying Profit Companies / Businesses Shares in Equity (Sep. 30, 2025) Equity in Earnings FY24 Q1-2 Results FY25 Q1-2 Results FY25 Revised Forecasts (Oct. 2025) FY25 Forecasts (May 2025) Sumitomo Mitsui Finance and Leasing Company (SMFL) *1 *2 50.00 % 29.4 26.8 45.4 45.4 SMBC Aviation Capital - 12.0 9.7*3 -*4 -*4 20.0 20.0 Q1 Q2 Q3 Q4 FY25 Forecasts (Oct.): 88.0FY24 Results: 78.0 Underlying Profit for FY25 Q1-2 (approx.¥1.0 bil. increase from FY24 Q1-2) Outlook for the Q3-4 (Underlying Profit) Transportation ⚫ Leasing business: aircraft leasing remained stable, although costs increased ⚫ Ship business: profit increased due to vessel sales Construction & mining systems ⚫ Profit declined due to continued softening in construction demand Transportation ⚫ Leasing business: stable ⚫ Ship business: stable Construction & mining systems ⚫ Higher sales driven by used equipment sales and personnel and other cost reductions Investment & Replacement Topics Investment (FY25 Q1-2 Result: ¥20.0 bil.) ⚫ U.S.-based aircraft leasing company ALC Acquisition is scheduled to be completed in FY26 Q1, subject to obtaining approvals and other necessary authorizations from relevant authorities. 17. Performance Overview (Transportation & Construction Systems) *1 Equity in earnings for this company is presented as the company total, including amounts from another segment. *2 The total equity stake is 50%, with 10% attributed to the Diverse Urban Development Group. The remaining portion of the 40 % is divided between two groups: one represents an indirect equity interest in Sumitomo Mitsui Auto Service Company, held by the Automotive Group, and the other belongs to this group. *3 As the company has not announced its FY25 Q1-2 results, FY25 Q1-2 result of equity in earnings related to the company will be available in our Q3 financial results announcement. FY25 Q1-2 results represent its FY25 Q1 results just for the sake of convenience. *4 We refrain from disclosing the forecast due to relationship with the business partner. (Unit: billions of yen) Progress 45% FY24 Q1-2 Results FY25 Q1-2 Results Increase/ Decrease FY25 Q3-4 Revised Forecasts (Oct. 2025) FY25 Revised Forecasts (Oct. 2025) FY25 Forecasts (May 2025) ① ② ②-① ③-② ③ Profit for the period attributable to owners of the parent A 38.8 40.3 +1.5 47.7 88.0 88.0 Asset replacement and extraordinary profits/losses B 0.0 0.0 0.0 0.0 0.0 0.0 Underlying profit A-B approx.39.0 approx.40.0 approx.+1.0 approx.48.0 approx.88.0 approx.88.0
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© 2025 Sumitomo Corporation 2424 24 Major Group Companies / Businesses Quarterly Trend for Underlying Profit Companies / Businesses Shares in Equity (Sep. 30, 2025) Equity in Earnings FY24 Q1-2 Results FY25 Q1-2 Results FY25 Revised Forecasts (Oct. 2025) FY25 Forecasts (May 2025) Domestic real estate business*1 -*2 17.3 41.4 76.1 72.4 SCOA Real Estate Partners 100.00 % 1.0 2.2 1.6 1.9 Industrial parks business*1 -*2 0.4 2.0 4.5 4.5 Construction material and machinery business*1 -*2 1.4 1.5 4.3 4.3 Sumisho Global Logistics 100.00 % 1.1 1.0 2.0 2.3 Key Financial Indicators Underlying Profit for FY25 Q1-2 (approx.¥23.0 bil. increase from FY24 Q1-2) Outlook for the Q3-4 (Underlying Profit) Real estate ⚫ Delivery of large-scale properties - Domestic: office buildings and residential properties, among others - Overseas: U.S. housing Industrial parks business ⚫ Land sales recorded in FY25 Q1 Real estate ⚫ Property deliveries expected as planned, driven by active asset turnover Other businesses ⚫ Stable Investment & Replacement Topics Investment (FY25 Q1-2 Result: ¥32.0 bil.) ⚫ Acquisition of domestic and overseas properties - Overseas: office building in India and U.S. housing Replacement ⚫ Sale of domestic and overseas properties - Domestic: office buildings - Overseas: U.S. housing 14.0 6.0 22.0 29.0 Q1 Q2 Q3 Q4 36.0 8.0 Q1 Q2 Q3 Q4 FY25 Forecasts (Oct.): 78.0FY24 Results: 72.0 17. Performance Overview (Diverse Urban Development) *1 Figures represent the combined profit/loss of the parent company and its share from subsidiaries and associated companies. *2 Group of companies with different shareholding ratios. (Unit: billions of yen) Progress 56% FY24 Q1-2 Results FY25 Q1-2 Results Increase/ Decrease FY25 Q3-4 Revised Forecasts (Oct. 2025) FY25 Revised Forecasts (Oct. 2025) FY25 Forecasts (May 2025) ① ② ②-① ③-② ③ Profit for the period attributable to owners of the parent A 20.5 44.1 +23.6 33.9 78.0 78.0 Asset replacement and extraordinary profits/losses B 0.0 0.0 0.0 0.0 0.0 0.0 Underlying profit A-B approx.21.0 approx.44.0 approx.+23.0 approx.34.0 approx.78.0 approx.78.0
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© 2025 Sumitomo Corporation 2525 25 Key Financial Indicators Major Group Companies / Businesses 7.0 1.0 10.0 10.0 Q1 Q2 Q3 Q4 Quarterly Trend for Underlying Profit 6.0 10.0 Q1 Q2 Q3 Q4 FY25 Forecasts (Oct.): 35.0FY24 Results: 28.0 Underlying Profit for FY25 Q1-2 (approx.¥9.0 bil. increase from FY24 Q1-2) Outlook for the Q3-4 (Underlying Profit) Major domestic group companies ⚫ Profit increase from Net One Systems’ consolidation into SCSK ⚫ Impact of the sale of T-Gaia in the previous fiscal year Telecommunications business in Ethiopia ⚫ Decrease in foreign exchange valuation losses due to the devaluation of the local currency Major domestic group companies ⚫ In line with initial forecasts Telecommunications business in Ethiopia ⚫ Growth in customer acquisition; ARPU below initial assumptions ⚫ Weakening due to increasing impact from local currency depreciation Investment & Replacement Topics Investment (FY25 Q1-2 Result: ¥92.0 bil.) ⚫ Acquisition of Net One Systems by SCSK ⚫ Capital investment in SCSK Replacement ⚫ Sale of T-Gaia ⚫ SCSK Sale of ARGO GRAPHICS Companies / Businesses Shares in Equity (Sep. 30, 2025) Equity in Earnings FY24 Q1-2 Results FY25 Q1-2 Results FY25 Revised Forecasts (Oct. 2025) FY25 Forecasts (May 2025) SCSK 50.54*1 % 9.7 17.4 32.1 28.2 Safaricom Telecommunications Ethiopia 24.02*2 % -11.0 -*3 -*4 -*4 JCOM 50.00 % 17.5 16.7 35.7 35.7 Jupiter Shop Channel*5 45.00 % 3.4 3.3 7.3 7.3 17. Performance Overview (Media & Digital) *1 The equity stake changed from 50.59% to 50.54% in Jul. 2025. *2 The equity stake changed from 24.01% to 24.02% in Aug. 2025. *3 As the company has not yet announced its FY25 Q2 results, this will be replaced with FY25 Q1 -2 result as soon as it becomes available for disclosure. *4 We refrain from disclosing the forecast due to relationship with the business partner. *5 The equity in earnings from this company represents the aggregate amounts including the portion allocated to another segme nt. The overall equity stake is 45%, of which 37.5% pertains to this segment and the remaining 7.5% is attributed to the Lifestyl e Business Group. *6 ARPU: Average Revenue Per User (Unit: billions of yen) Progress 49% FY24 Q1-2 Results FY25 Q1-2 Results Increase/ Decrease FY25 Q3-4 Revised Forecasts (Oct. 2025) FY25 Revised Forecasts (Oct. 2025) FY25 Forecasts (May 2025) ① ② ②-① ③-② ③ Profit for the period attributable to owners of the parent A 8.2 21.6 +13.4 18.4 40.0 40.0 Asset replacement and extraordinary profits/losses B 0.0 approx.+5.0 approx.+5.0 0.0 approx.+5.0 approx.+2.0 Underlying profit A-B approx.8.0 approx.17.0 approx.+9.0 approx.18.0 approx.35.0 approx.38.0
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© 2025 Sumitomo Corporation 2626 26 Major Group Companies / Businesses 0.0 2.0 5.0 5.0 Q1 Q2 Q3 Q4 Quarterly Trend for Underlying Profit Companies / Businesses Shares in Equity (Sep. 30, 2025) Equity in Earnings FY24 Q1-2 Results FY25 Q1-2 Results FY25 Revised Forecasts (Oct. 2025) FY25 Forecasts (May 2025) Summit 100.00 % 1.9 3.1 7.5 7.5 Feiler Japan 100.00 % 0.9 1.5 2.2 1.8 SC Foods 100.00 % 2.1 1.9 3.4 3.4 Wellneo Sugar 24.86*1 % 0.9 0.4*2 1.5*2 1.4 Fyffes 100.00 % 0.5 -1.7 -1.5 4.5 Highline 100.00 % -0.9 -1.0 -2.2 0.0 Domestic drugstores & pharmacies*3 -*4 0.9 1.2 3.5 3.5 0.0 2.0 Q1 Q2 Q3 Q4 Key Financial Indicators FY25 Forecasts (Oct.): 17.0FY24 Results: 12.0 Underlying Profit for FY25 Q1-2 (approx.¥1.0 bil. decrease from FY24 Q1-2) Outlook for the Q3-4 (Underlying Profit) Fresh produce business in Europe and the Americas ⚫ While the banana and pineapple businesses remained strong, the melon business struggled due to cost increases and oversupply, both caused by external factors Domestic supermarket business ⚫ Profit increased, driven by new store openings, renovations of existing stores, and effective product and sales promotion strategies Healthcare ⚫ Profit increased in the domestic drugstore and pharmacy business, driven by an increase in the number of stores and higher dispensing fees, including those related to strengthened home care services Fresh produce business in Europe and the Americas ⚫ Strong performance expected to continue, primarily in the banana and pineapple businesses Mushroom business in North America ⚫ Demand growth for Canadian mushrooms to be weaker than usual in Q3-4, reflecting uncertainty surrounding U.S. tariffs ⚫ Closure of aging plant planned Domestic supermarket business ⚫ Strong, supported by existing store renovations, merchandising, and operational enhancements driven by DX initiatives Healthcare ⚫ Existing businesses in Japan and overseas are inherently weighted toward Q3-4, and profit growth expected from operational efficiency improvements and business expansion ⚫ Impact of the withdrawal of new domestic and overseas investments Investment & Replacement Topics Investment (FY25 Q1-2 Result: ¥35.0 bil.) ⚫ Investment in ActivStyle, a healthcare company in the U.S. ⚫ Fresh produce business in Europe and the Americas: approx.¥6.0 billion loss to be recorded in Q3 on the sale of the melon production and sales business (Oct. 2025) 17. Performance Overview (Lifestyle Business) *1 The equity stake changed from 24.82% to 24.86% in Sep. 2025. *2 As the company has not yet announced its FY25 Q2 results, FY25 Q1 -2 result of equity in earnings related to the company will be available in our Q3 financial results announcement. FY25 Revised Forecast (Oct. 2025) is presented in line with the latest fo recast announced by the company in May 2025. *3 These represent the combined figures for domestic drugstores and pharmacies, including Tomod’s. *4 Group of companies with different shareholding ratios. (Unit: billions of yen) Progress 12% FY24 Q1-2 Results FY25 Q1-2 Results Increase/ Decrease FY25 Q3-4 Revised Forecasts (Oct. 2025) FY25 Revised Forecasts (Oct. 2025) FY25 Forecasts (May 2025) ① ② ②-① ③-② ③ Profit for the period attributable to owners of the parent A 2.6 2.3 -0.3 8.7 11.0 15.0 Asset replacement and extraordinary profits/losses B 0.0 0.0 0.0 approx.-6.0 approx.-6.0 approx.-4.0 Underlying profit A-B approx.3.0 approx.2.0 approx.-1.0 approx.15.0 approx.17.0 approx.19.0
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© 2025 Sumitomo Corporation 2727 27 Major Group Companies / Businesses Quarterly Trend for Underlying Profit*1 Key Financial Indicators Underlying Profit for FY25 Q1-2 (approx.¥15.0 bil. decrease from FY24 Q1-2) Outlook for the Q3-4 (Underlying Profit) Copper business ⚫ Increased profit driven by higher prices Coal business in Australia ⚫ Decline in prices and decrease in sales volume of coking coal Iron ore mining business in South Africa ⚫ Decline in prices Trade business ⚫ Robust performance in trading activities leveraging derivatives Copper business ⚫ Stable Aluminum ⚫ Expect margin improvement Trade business ⚫ Expect profit improvement Investment & Replacement Topics Investment (FY25 Q1-2 Result: ¥4.0 bil.) ⚫ New investments rescheduled for the second half of FY25 or later 15.0 32.0 18.0 22.0 Q1 Q2 Q3 Q4 11.0 21.0 Q1 Q2 Q3 Q4 FY25 Forecasts (Oct.): 69.0FY24 Results: 87.0 Companies / Businesses Shares in Equity (Sep. 30, 2025) Equity in Earnings FY24 Q1-2 Results FY25 Q1-2 Results FY25 Revised Forecasts (Oct. 2025) FY25 Forecasts (May 2025) Copper business companies -*2 4.0 5.6 11.1 8.0 Nickel mining and refining business in Madagascar 54.17 % 0.0 0.0 0.0 0.0 Aluminum smelting business in Malaysia 20.00 % 7.1 5.7 -*3 -*3 Companies related to coal business in Australia -*2 15.1 2.9 4.1 6.6 Iron ore mining business in South Africa 49.00 % 16.4 11.9 21.2 24.4 Iron ore mining business in Brazil 30.00 % 2.0 1.7 2.7 3.2 17. Performance Overview (Mineral Resources) *1 Earnings of Iron ore mining business in South Africa are recognized semi -annually. (in the Q2 and Q4) *2 Group of companies with different shareholding ratios. *3 We refrain from disclosing the forecast due to relationship with the business partner. (Unit: billions of yen) Progress 46% FY24 Q1-2 Results FY25 Q1-2 Results Increase/ Decrease FY25 Q3-4 Revised Forecasts (Oct. 2025) FY25 Revised Forecasts (Oct. 2025) FY25 Forecasts (May 2025) ① ② ②-① ③-② ③ Profit for the period attributable to owners of the parent A 50.4 31.6 -18.8 39.4 71.0 83.0 Asset replacement and extraordinary profits/losses B approx.+3.0 0.0 approx.-3.0 approx.+2.0 approx.+2.0 approx.+2.0 Underlying profit A-B approx.47.0 approx.32.0 approx.-15.0 approx.37.0 approx.69.0 approx.81.0
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© 2025 Sumitomo Corporation 2828 28 Key Financial Indicators Major Group Companies / Businesses 5.0 6.0 8.0 4.0 Q1 Q2 Q3 Q4 Quarterly Trend for Underlying Profit 7.0 8.0 Q1 Q2 Q3 Q4 FY25 Forecasts (Oct.): 35.0FY24 Results: 23.0 Underlying Profit for FY25 Q1-2 (approx.¥4.0 bil. increase from FY24 Q1-2) Outlook for the Q3-4 (Underlying Profit) Basic Chemicals ⚫ Sales decrease due to weakening demand in petrochemical trading business ⚫ Sales decrease in sulfuric acid business Electronics ⚫ Sales increase following the stable demand in semiconductor Life Science ⚫ Sales increase in pet care business Agribusiness ⚫ Brazil: recovery from the impact of unusual weather conditions in the prior year ⚫ Europe: adverse impact in FY24 Q1-2 due to unfavorable weather conditions Basic Chemicals ⚫ Sales recovery in petrochemical products and sulfuric acid business Electronics ⚫ Ongoing stable demand for semiconductors Life Science ⚫ Stable trend in pharmaceuticals trading business Agribusiness ⚫ Sales increase during the high-demand season, and improvement in profitability with the contribution of high value-added products Investment & Replacement Topics Investment (FY25 Q1-2 Result: ¥7.0 bil.) ⚫ Investment in a U.S. based developer of biological products in agriculture (Jun. 2025) ⚫ Investment in a U.S. based developer of pasture seeds (Jul. 2025) ⚫ Investment in Thailand’s sulfuric acid tank terminal operator business (Completion expected in Dec. 2025) Companies / Businesses Shares in Equity (Sep. 30, 2025) Equity in Earnings FY24 Q1-2 Results FY25 Q1-2 Results FY25 Revised Forecasts (Oct. 2025) FY25 Forecasts (May 2025) Sumitomo Shoji Chemicals 100.00 % 2.3 2.5 5.2 5.6 Sumitronics group -* 3.0 3.7 6.3 5.3 Summit Pharmaceuticals International 100.00 % 2.3 2.2 4.5 4.5 Sumi Agro Europe 100.00 % 0.1 1.1 3.4 2.3 Agro Amazonia Produtos Agropecuarios 100.00 % -2.0 -1.1 1.4 3.5 Summit Rural Western Australia 100.00 % 1.2 0.9 1.0 1.2 17. Performance Overview (Chemical Solutions) * Group of companies with different shareholding ratios. (Unit: billions of yen) Progress 43% FY24 Q1-2 Results FY25 Q1-2 Results Increase/ Decrease FY25 Q3-4 Revised Forecasts (Oct. 2025) FY25 Revised Forecasts (Oct. 2025) FY25 Forecasts (May 2025) ① ② ②-① ③-② ③ Profit for the period attributable to owners of the parent A 14.8 14.8 0.0 18.2 33.0 35.0 Asset replacement and extraordinary profits/losses B approx.+4.0 0.0 approx.-4.0 approx.-2.0 approx.-2.0 approx.-4.0 Underlying profit A-B approx.11.0 approx.15.0 approx.+4.0 approx.20.0 approx.35.0 approx.39.0
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© 2025 Sumitomo Corporation 2929 29 Key Financial Indicators Major Group Companies / Businesses 31.0 24.0 25.0 19.0 Q1 Q2 Q3 Q4 Quarterly Trend for Underlying Profit 24.0 19.0 Q1 Q2 Q3 Q4 FY25 Forecasts (Oct.): 82.0FY24 Results: 100.0 Underlying Profit for FY25 Q1-2 (approx.¥12.0 bil. decrease from FY24 Q1-2) Outlook for the Q3-4 (Underlying Profit) Overseas IPP/IWPP business ⚫ Absence of gains from asset sales ⚫ Weak wind conditions in offshore wind power business in Europe ⚫ Decrease in equity earnings from power plant project in Vietnam Domestic electricity retail business ⚫ In line with the initial forecasts Overseas IPP/IWPP business ⚫ In line with the initial forecasts Gas value chain ⚫ Stable performance expected in gas upstream and trade businesses Investment & Replacement Topics Investment (FY25 Q1-2 Result: ¥38.0 bil.) ⚫ Biogas business in Denmark (Jun. 2025) ⚫ New and additional investments in renewable energy-related businesses both in Japan and overseas Companies / Businesses Shares in Equity (Sep. 30, 2025) Equity in Earnings FY24 Q1-2 Results FY25 Q1-2 Results FY25 Revised Forecasts (Oct. 2025) FY25 Forecasts (May 2025) Domestic electricity retail business -*2 11.6 10.8 21.0 19.6 Overseas IPP/IWPP business*1 -*2 43.9 36.6 67.7 74.7 Asia*1 -*2 32.1 28.3 58.2 59.9 Europe and Americas -*2 5.9 1.1 0.3 6.5 Other Area -*2 5.9 7.3 9.2 8.2 Pacific Summit Energy 100.00 % 7.1 7.1 18.6 13.1 LNG Japan 50.00 % 2.6 3.9 7.2 6.6 17. Performance Overview (Energy Transformation Business) *1 Equity in earnings for the entire Overseas IPP/IWPP business. Companies included in Overseas IPP/IWPP business have been changed. FY24 Q1-2 Results figures are also changed accordingly. *2 Group of companies with different shareholding ratios. (Unit: billions of yen) Progress 52% FY24 Q1-2 Results FY25 Q1-2 Results Increase/ Decrease FY25 Q3-4 Revised Forecasts (Oct. 2025) FY25 Revised Forecasts (Oct. 2025) FY25 Forecasts (May 2025) ① ② ②-① ③-② ③ Profit for the period attributable to owners of the parent A 58.9 48.1 -10.8 46.9 95.0 95.0 Asset replacement and extraordinary profits/losses B approx.+4.0 approx.+5.0 approx.+1.0 approx.+8.0 approx.+13.0 approx.+13.0 Underlying profit A-B approx.55.0 approx.43.0 approx.-12.0 approx.39.0 approx.82.0 approx.82.0
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© 2025 Sumitomo Corporation 3030 30 * The data and information provided by Wood Mackenzie should not be interpreted as advice, and you should not rely on it for an y purpose. You may not copy or use this data and information except as expressly permitted by Wood Mackenzie in writing. To the fullest extent permitted by law, Wood Mackenzie accepts no responsibility for your use of this data and information except as specified in a written agreement you have entered into with Wood Mackenzie for the provision of such data and information. -39.8 55.2 110.4 69.2 68.4 76.0 FY20 FY21 FY22 FY23 FY24 FY25 Plan ⚫ Invested in EEW Offshore Wind Holding, a worldwide leading manufacturer of “Monopiles”, used for the foundation of bottom-fixed offshore wind power generation ⚫ Contributed to the expansion of renewable energy through the development of supply chains and stable supply of equipment and materials for fixed-bottom offshore wind power, adoption of which is progressing in Europe ⚫ We will work with key players in the industry to aim to supply green monopiles and contribute to the realization of a decarbonized society through a more sustainable supply chain ⚫ Expertise, solution capabilities, and an extensive customer network in steel products and tubular products ⚫ Global development of a strong supply chain firmly rooted in each region ⚫ One of the world’s largest oil country tubular goods (OCTG) distribution businesses and strategic partnerships with energy majors ⚫ Leading market shares in unique segments such as railway products ⚫ Engage in global supply chain management for steel products to swiftly address changes in the global steel industry and thus strengthen and expand business ⚫ Strengthen regional sales capabilities and manage inventory risk to improve resilience to market volatility Profit Plan in Steel Group (Unit: billions of yen) SHIFT 2023 MTMP2026 ～ FY26 & later Image ⚫ We aim to increase earnings in regions where demand is increasing alongside economic growth and in markets where demand is increasing along with energy transition Monopile: A large diameter steel pipes used for the foundation of bottom-fixed offshore wind power generation Before SHIFT 2023 ■ Strengths ◼ Growth Strategy Progress ◼ Cumulative Gross Offshore Wind Additions Outlook in Europe (Unit: GW) Monopiles being loaded at EEW quayside in Rostock, Germany 18. Supplementary Segment Information (Steel) Growth Strategy Leveraging the Steel Business’s Strengths ■ Growth Strategy ■ Global Supply Chain Source: Wood Mackenzie (Wind Power Package)*
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© 2025 Sumitomo Corporation 3131 31 Expand business areas Growth Strategy for the Mobility Services Business Expand services in the mobility service domain centered on automobile leasing and capture new business opportunities ■ Growth Strategy ■ Growth Strategy Progress Strengths Supporting the Growth Strategy Number of vehicles owned and managed Strong customer base Expansive maintenance network Support for advancing mobility management operations ■ Global Development Approx. 1.08 million*1 Approx. 221,000 companies*1 Approx. 21,000 locations*2 *1 Group total *2 Unconsolidated Expand Business Areas Respond to social changes Enhance business foundation ■ Strengths of the Automobile Leasing Business (SMAS) Sumitomo Mitsui Auto Service (SMAS) is the core group company of our automobile leasing business. SMAS has strong business bases, particularly in Japan and ASEAN, and will create a sustainable future by providing comprehensive mobility services. Expand the domestic business base Acquired automobile business and leasing business from Kanden L&A to expand the base of comprehensive mobility services Promote the introduce of EVs by providing one-stop EV-related services Provide one-stop services for optimal EV introduction, from selection of EVs suited for the intended usage to developing charging infrastructure and other services such as providing after-sales service and energy management after introduction. For local government and others, expand the introduction of re- used (pre-owned) EVs Strengthen strategic global alliances with Arval and Element Fleet Management Own and manage 4.5 million vehicles in 55 countries as the Alliance and offer a range of products and services customized to meet local needs Expand businesses in the following four countries: India, Indonesia, Australia, and Thailand ■SMAS overseas sites One-stop EV- related services Global development Promote DX & MaaS 18. Supplementary Segment Information (Automotive)
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© 2025 Sumitomo Corporation 3232 32 Growth Strategy for the Aircraft Leasing Business Growth Strategy We have established an unrivaled No.1 position among Japanese integrated trading companies, based on our aircraft, engine, and helicopter leasing businesses. Centered around SMBC Aviation Capital, we operate one of the world’s leading leasing businesses. We will continue to promote a growth strategy that achieves both profitability and agility by advancing our asset rotation model. Strong financing capabilities Helicopter leasing Engine leasing Aircraft leasing From 2020 From 2004 From 1996 No.5 in the world (Excludes manufacturers) approx.100 engines No.2 in the world approx.1,000 aircraft No.2 in the world approx.150 aircraft Expertise in commercial aviation developed since the 1980s From 1980s Trading Aircraft and engine trade From 2000s Aftermarket Sale of aircraft and engine parts for maintenance, used aircraft parts business Asset management capabilities that anticipate economic cycles ¥30.0 bil. + Achieve ahead of schedule 2,074 1,010 982 830 710 1st AerCap 2nd SMBC AC 3rd Avolon 4th Air Lease 5th BOC Aviation Source: Corporate documents and websites, Cirium. Together with SMBC Aviation Capital, Apollo, and Brookfield, we entered into a merger agreement to acquire all outstanding common stock of Air Lease Corporation, a major U.S. aircraft leasing company. The total acquisition value is approx.US$7.4 bil. (approx.¥1,087.8 bil*1) Will achieve the goal of over ¥30.0 bil. in 2030 ahead of schedule. With stable growth in aircraft demand driven by the expansion of emerging markets and the rise of low-cost carriers (LCCs), we will capture this robust market demand to further enhance our profitability and competitiveness through the expansion of our leasing businesses. Sumitomo Corporation Group’s aircraft leasing business ranks among the world’s largest in terms of the number of aircraft owned and serviced 11.9 13.6 18.5 0 2000 4000 6000 0 100 200 300 FY22 FY23 FY24 … FY26 … FY30 Before acquisition After acquisition Results MTMP2026 (plan) Image 600.0 200.0 400.0 30.0 20.0 10.0 Underlying profit (billions of yen) Invested Capital (billions of yen) *1 US$1 = JPY147 *2 Figures are based on data as of the end of Dec. 2024. 0.0 0.0 ■ Growth Strategy Progress ■ Profit Plan ■ Fleet Size of Major Aircraft Leasing Companies (Owned, Serviced and Committed) *2 18. Supplementary Segment Information (Transportation & Construction Systems)
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© 2025 Sumitomo Corporation 3333 33 0 500 1,000 1,500 2,000 0 5,000 10,000 15,000 20,000 FY23 FY24 FY25 FY26 次期中計 末 イメージ ⚫ Improving asset turnover and globally developing and expanding high-quality projects ⚫ Strengthening Resilience (downward resilience, geopolitical risks, disasters & climate change) ⚫ Securing Liquidity (market liquidity, partner structuring) Invested Capital (billions of yen) Underlying profit (billions of yen) Vision for end of next MTMP Office Buildings, Retail facilities Office buildings, Retail facilities, Residential, Logistics facilities, BTS Invested Capital (Overseas) Invested Capital (Domestic Total) Underlying profit Breakdown Development and Sales Investment Properties Other Investment Pie chart: Composition of invested capital by asset type within the real estate portfolio Asset-Type Highlights: Delivered/Upcoming Projects Driving MTMP Retail facilities Shinsaibashi Minamisenba 3-chome Project Retail facility anchored by Swarovski, adopting Nippon Steel Corporation’s GX steel “NSCarbolex® Neutral,” to support GHG emissions reduction. Completed in May 2025 Office buildings Yodoyabashi Gate Tower Office-led, large-scale mixed-use complex with directly connected to Yodoyabashi Station (Osaka Metro Midosuji Line and Keihan Main Line) Scheduled for completion in Dec. 2025 Logistic facilities SOSiLA Kyoto Kumiyama Logistics facility located 1.5 km from Keiji Bypass Kumiyama IC and Daini Keihan Kumiyama-Minami IC, equipped with rooftop solar panels and other eco-friendly features. Scheduled for completion in Mar. 2026 Residential HARUMI FLAG SKY DUO The final landmark of HARUMI FLAG area - a 50-story, 1,455-unit seismic-isolated tower and honored with the Good Design Award 2025. Completed in Aug. 2025 Overseas Australia / Highforest A suburban Sydney residential development featuring condominiums and detached houses, showing solid sales progress. Delivery start from Oct. 2025 (scheduled) U.S. / Alta Trilogy (Orlando, FL) A 244-unit multifamily development in suburb Orlando, Florida, developed by SCOA Real Estate Partners. Scheduled for completion in Oct. 2025 1,000.0 50.0 1,500.0 100.0 150.0 0.0 0.0 18. Supplementary Segment Information (Diverse Urban Development) Sustainable Growth Strategies for the Real Estate Business ■ Growth Strategy ■ Outline of Invested Capital and Profit trends (breakdown by domestic/overseas and revenue stream) Accelerating exponential growth in and beyond the next MTMP through replacements and expansions based on our “Growth Strategies”
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© 2025 Sumitomo Corporation 3434 34 Aim to achieve approx.¥60.0 bil. of profit as Digital SBU in FY30 by steadily implementing growth strategies and increasing invested capital. Growth Strategies ① Further expansion of digital capabilities and scale in the digital field ② Expansion of global digital business foundation Growth strategy in Digital Business Providing DX/IT solutions ⚫ Solving industry and customer issues by leveraging our expanding digital capabilities, new business development capabilities and global business foundation. Growth Image System Design & Development Operation & BPOConsulting & Proposal Our digital capabilities Global customer base and deep insights into industry challenges acquired through the management of operating companies. ・・・ System Integrator GX Consulting Digital MarketingData Analytics Financial InstitutionsIndustry and Customer issues Telecommunications & TransportationsDistribution & Services Public Services Manufacturing Utilities 14.6 14.3 16.1 17.9 20.5 FY20 FY21 FY22 FY23 FY24 ・・・ FY30 Profit plan in Digital SBU* (Unit: billions of yen) Before SHIFT 2023 SHIFT 2023 MTMP2026 ～ Image approx. 60.0 18. Supplementary Segment Information (Media & Digital) * The profit plan presented in this page does not reflect the impact of the tender offer for SCSK disclosed on Oct. 29, 2025.
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© 2025 Sumitomo Corporation 3535 35 ⚫ Expand and reinforce base platform • Revitalize existing stores －Reinforce merchandising and branding －Use DX and AI to optimize operations • Strengthen relationships with suppliers and clients and develop and sell added value products • Improve management efficiency Innovation Creation Growth Strategies that Leverage the Strengths of the Lifestyle Group Enhance the group’s strengths—retail business operation know-how and customer touchpoints, healthcare business expertise in Japan and overseas, and robust global platform for food distribution and sale—to achieve steady growth ⚫ Enter new overseas markets with different legal systems, business practices and lifestyles ⚫ Create new business in the metaverse domain Extension Representation of earnings growth 18. Supplementary Segment Information (Lifestyle Business) Base platform ⚫ Leverage retail data to create new value ⚫ Create added value and new services by integrating new technologies with existing businesses ⚫ Expand base platform by opening new stores, implementing M&A, etc. ⚫ Expand home dispensing and other functions ■ Growth Strategy in the Current Medium-Term Plan Address social issues related to food and health from consumers’ perspectives to make their lives more enjoyable ■ Status of Strategy Implementation Base Platform Extension • Maintaining No.1 market share ⚫ Expansion of FujiMart Supermarket Business in Vietnam ⚫ Expansion of membership in the Managed Care business in Malaysia ⚫ Asset replacement — Sale of Fyffes melon business FujiMart store featuring the latest layout • Centralizing ready-to-eat meals and bakery production functions of multiple stores into a central kitchen to accelerate store expansion and improve operational efficiency. • Strengthening the ability to procure high-quality fresh produce by expanding collaboration with KAMEREO (a company in which we invested in Dec. 2024), a fresh produce distribution business with strengths in product sourcing and advanced operations. • Management reforms are progressing steadily at Fyffes. The core banana and pineapple businesses achieved record-high profits for two consecutive years (FY23 and FY24), with a similar level of profit projected for FY25. Meanwhile, a decision was made to sell the melon business, as creating synergies with core businesses was deemed difficult. This allows us to concentrate management resources on our core businesses and aim for further business growth. Beginning of FY24 FY25 Q2 30%Up Membership growth ⚫ Pursuing the green market in food sector • Investment to, NEWGREEN Inc. (Japan) – a startup promoting and supporting water-efficient rice production, and Ekonoke – a Spanish startup engaging in sustainable indoor farming of hop. Water-efficient production in a rice field Innovation
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© 2025 Sumitomo Corporation 3636 36 18. Supplementary Segment Information (Mineral Resources) Non-Ferrous Metals Commodity Business Coal & Nuclear Fuel Demonstrate the Company's unique strengths and functions Aluminum Ferrous Raw Materials and Carbon Five SBUs ⚫ Experience in mining operations and management ⚫ Strong partnerships and a global customer base ⚫ Offering tailor-made trading functions, including derivatives ⚫ By leveraging the Group’s strengths and further enhancing our capabilities, expand our earnings base through the development of copper and other high-potential projects in collaboration with strategic partners, in anticipation of growing demand ⚫ Advance our trading capabilities by leveraging our expertise in commodity derivatives, while pursuing integrated upstream, midstream, and downstream business development through a market-in approach, underpinned by our diverse and high-quality customer base ⚫ Build business value chains that contribute to addressing key social challenges, such as decarbonization and the realization of a circular economy. ■ Group Business Development Map Through mineral resource development and the construction of its value chain, we will provide value that is unique to us and contribute to the development of industry and the realization of a sustainable society ■ Growth Strategy
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© 2025 Sumitomo Corporation 3737 8 13 18 6 9 12 8 8 7 5 7 9 FY24 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY25 Q1 FY25 Q2 Nickel Production ⚫ Stable operations are being maintained through continued monitoring of the slurry pipeline and control of key operating conditions, with production target in the mid-30,000-ton range. ⚫ The situation in Madagascar is stabilizing and the impact on operations has been limited. The scheduled plant shutdown will be carried out in November with selected maintenance scopes. ⚫ While continuing to strengthen the business foundation, as a shareholder of this project, we will keep considering all options to identify the best policy going forward for all related stakeholders, incorporating the social importance of this project and our responsibility as well as the recent market environment. FY24 Q1-2 Results FY25 Q1-2 Results Increase/ Decrease FY25 Revised Forecasts (Oct. 2025) FY25 Forecasts (May 2025) (A) (B) (B)-(A) Equity in Earnings (billions of yen) 0.0 0.0 0.0 0.0 0.0 Nickel price (US$/lb) 7.87 6.84 -1.02 7.24 7.67 Nickel production (kMT) * mid 10 mid 10 - mid 30 mid 30 Cobalt price (US$/lb) 11.96 15.03 +3.07 15.15 12.40 Main subsidiary materials price Coal (US$/MT) approx.120 approx.100 approx.-30 approx.100 approx.110 Sulfur (US$/MT) approx.100 approx.260 approx.+160 approx.250 approx.130 Nickel production (kMT) ⚫ Following a detailed inspection of the slurry pipeline in FY24 Q4, operations were gradually ramped up from April after confirming safety and fully stabilized in early May. Production volume remained broadly in line with the plan and above FY24 Q1-2. * Ambatovy Nickel Project 100% base. Price Chart Nickel price (left: US$/lb) Cobalt price (right: US$/lb) 18. Supplementary Segment Information (Mineral Resources) Ambatovy Nickel Project ■ FY25 Q1-2 Results ■ Outlook ⚫ Against initial assumptions, cobalt (by-product) prices held at a high level, while nickel prices stayed subdued. For subsidiary materials, coal prices remained low and sulfur prices continued to stay high.
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© 2025 Sumitomo Corporation 3838 38 Growth Strategy of Basic Chemicals SBU Overview and Growth Strategy of Basic Chemicals SBU • Overview: Global trading business for organic chemicals and synthetic resins for more than 40 years. • Growth strategy: Expand global trading of petrochemical raw materials by identifying changes in supply-demand balance / industry structure and demonstrating logistics service functions. Petrochemical trading • Overview: In addition to overseas trading, safely and stably delivers sulfuric acid to end users by using own storage tanks and logistics functions. Handling volume is the world’s largest class. • Growth strategy: Further expand supply chain networks in the Americas and develop the same business models in Asia and other regions. Sulfuric acid business • Overview: Manufacture and trading of industrial mineral chemicals such as rare earths, high-purity quartz, and natural soda ash. • Growth strategy: Reinforce supply chains that contribute to economic security and expand trading. Industrial mineral chemicals ⚫ Global overseas trading Annual global overseas trading of sulfuric acid is approx.14 million tons. We procure sulfuric acid mainly from Japan, China, South Korea, and Europe, charter chemical tankers ranging from 10,000 to 30,000 tons, and sell sulfuric acid in more than 15 countries including the Americas, Southeast Asia, and Oceania. ⚫ Tank terminal operation know-how In 4 major sulfuric acid consuming countries—the U.S., Chile, Australia, and Thailand—we operate 7 own sulfuric acid tank terminals with total storage capacity of approx.390,000 tons. We have established our own safety management methods, contributing to the thorough prevention of leakage. ⚫ Small-lot distribution functions In addition to the above, in the U.S., the company owns sulfuric acid tanks and transshipment facilities in inland areas, and by using more than 380 tank freight cars and external trucks, we built a system that allow us to supply required volume to end users at the right time. FY30 Target: 6 million tons FY21 FY25 FY30 [Annual volume handled: Million tons] 3 4 Business acquisition in U.S. & Thailand New investment ⚫ Capital investment plan: More than 20.0 billion yen ⚫ Strategic regions: Americas, Asia, etc. ⚫ Own storage capacity: More than 500,000 tons (Currently 390,000 tons) Expand and reinforce existing business and terminals and make strategic business acquisitions, etc. to reach 6 million tons in FY30 (annual volume). 18. Supplementary Segment Information (Chemical Solutions) ■ Strength of the sulfuric acid business: Global No. 1 in the sulfuric acid industry (annual volume handled: approx.4 million tons) ■ Growth image for the sulfuric acid business
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© 2025 Sumitomo Corporation 3939 39 Group Business Development 流通 Offshore wind power projects in Belgium One-stop decarbonization solutions that meet regional needs Production Consumption Distribution Next-generation energy commercialization Strong business foundation with governments in each country and markets Mangrove reforestation in Indonesia Carbon credits generating business The United States Onshore wind power generation Thermal power generation Solar photovoltaic (PV) + battery energy storage Energy storage facility LNG export Natural gas trading and marketing ⚫ Forestry ⚫ Energy storage business and equipment ⚫ Power generation business ⚫ Power EPC ⚫ Gas Value Chain and Maritime Energy Solution The United Kingdom Offshore wind power generation Natural gas trading and marketing France Offshore wind power generation Brazil FPSO Ghana Thermal power generation FPSO South Africa Onshore wind power generation Indonesia Thermal power generation Geothermal power generation LNG Kuwait Thermal power generation and desalination Vietnam Thermal power generation Qatar LNG Russia Forestry Philippines Hydroelectric power generation New Zealand Forestry ⚫ With a full view of the entire value chain in each industrial sector, from production to distribution and consumption, we will contribute to society by providing one-stop solutions that meet regional needs for decarbonization and stable energy supply. Here, we will bring togetherour various strengths, including solid business foundation, wide portfolio of energy solutions, and next-generation energy commercialization capability. Energy solutions (covering gas, power generation, electricity retail, and supply- demand balancing) Japan Electricity retailing Energy storage Offshore and onshore wind power generation Solar power generation Thermal power generation Biomass power generation Marine fuel (Very Low Sulphur Fuel Oil) trading LNG bunkering Domestic electric power trading LPG wholesaling LPG retailing Bahrain Thermal power generation and desalination Spain Solar power generation Egypt Onshore wind power generation Australia Thermal power generation LNG The United Arab Emirates Thermal power generation and desalination Thailand Thermal power generation Belgium Offshore wind power generation China Onshore wind power generation India Renewable energy development & supply City gas 18. Supplementary Segment Information (Energy Transformation Business)
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© 2025 Sumitomo Corporation 4040 40 19. Summary of Consolidated Statements of Comprehensive Income FY24 Q1-2 Results FY25 Q1-2 Results Increase/ Decrease Revenues 3,518.5 3,537.2 +18.7 Gross profit 683.9 706.7 +22.8 Selling, general and administrative expenses -493.0 -525.6 -32.6 (Provision for doubtful receivables, included in the above) (-4.0) (-2.1) (+1.9) Gain (loss) on property, plant and equipment, net -0.8 14.0 +14.7 Interest expense, net of interest income -10.5 -12.4 -1.9 Dividends 8.2 7.0 -1.2 Gain (loss) on securities and other investments, net 12.1 21.7 +9.6 Share of profit (loss) of investments accounted for using the equity method 133.4 159.6 +26.2 Other, net -3.7 1.4 +5.1 Profit before tax 329.7 372.4 +42.7 Income tax expense -55.8 -41.1 +14.7 Profit for the period 273.9 331.3 +57.3 Profit for the period attributable to: Owners of the parent 254.0 301.2 +47.3 Non-controlling interests 20.0 30.0 +10.1 Comprehensive income (Owners of the parent) 42.0 339.2 +297.2 (Unit: billions of yen) Gross profit • Profit increased from Net One Systems’ consolidation into SCSK • Automotive sales & marketing business: profit declined due to intensified competition in key markets Selling, general and administrative expenses • Cost increased from Net One Systems’ consolidation into SCSK Gain (loss) on property, plant and equipment, net • Real estate: delivery of large-scale properties Share of profit (loss) of investments accounted for using the equity method • Profit increased in tire sales & marketing business in the U.S. due to divestment from Midas
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© 2025 Sumitomo Corporation 4141 41 FY24 Q1-2 Results FY25 Q1-2 Results Increase/ Decrease Net cash provided by (used in) operating activities 187.7 262.2 +74.5 Profit for the period 273.9 331.3 +57.3 Depreciation and amortization 106.6 112.6 +6.0 Gain (loss) on securities and other investments, net -133.4 -159.6 -26.2 Dividends received 129.9 147.0 +17.1 Others (increase/decrease of working capital, etc.) -189.4 -169.2 +20.2 Net cash provided by (used in) investing activities -74.7 -21.4 +53.3 Property, plant, equipment and other assets, net -50.7 -20.6 +30.1 Marketable securities and investment, net -20.3 5.9 +26.2 Loan receivables, net -3.7 -6.7 -3.0 Free cash flows 113.0 240.8 +127.8 Net cash provided by (used in) financing activities -96.0 -209.3 -113.4 20. Summary of Consolidated Statements of Cash Flows (Unit: billions of yen) Net cash provided by (used in) operating activities • Steady cash generation by core businesses • Dividends from investments accounted for using the equity method, such as JCOM and SMFL Net cash provided by (used in) investing activities • Property, plant, equipment and other assets, net: Capital investment in group companies and other factors • Marketable securities and investment, net: Sale of T-Gaia Investment in ActivStyle, a healthcare company in the U.S. and other factors Net cash provided by (used in) financing activities • Dividend paid • Acquisition of shares in Net One Systems by SCSK and other factors
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© 2025 Sumitomo Corporation 4242 42 21. Summary of Consolidated Statements of Financial Position End of FY24 End of FY25 Q2 Increase/ Decrease Assets 11,631.2 11,976.6 +345.4 Current assets 5,074.1 5,409.6 +335.4 Cash and cash equivalents 570.6 600.8 +30.2 Trade and other receivables 2,028.2 1,951.3 -76.9 Inventories 1,653.8 1,764.3 +110.4 Other current assets 471.4 572.5 +101.1 Non-current assets 6,557.0 6,567.0 +10.0 Investments accounted for using the equity method 3,010.5 3,040.4 +30.0 Other Investments 437.6 445.1 +7.5 Trade and other receivables 492.5 496.3 +3.8 Tangible fixed assets / intangible assets / investment property 2,253.6 2,246.0 -7.7 Liabilities (current / non-current) 6,745.6 6,835.8 +90.2 Trade and other payables 1,874.5 1,944.5 +70.0 Contract liabilities 191.1 203.8 +12.6 Interest bearing liabilities (gross) 3,254.7 3,283.1 +28.3 (net) (2,672.5) (2,666.9) (-5.6) Equity 4,885.6 5,140.8 +255.2 Shareholders' equity 4,648.5 4,884.2 +235.7 Shareholders' equity ratio (%) 40.0% 40.8% +0.8pt D/E Ratio (net) 0.57 0.55 -0.03pt (Unit: billions of yen) Inventories and other current assets • Increase: Impact of price fluctuations in commodity markets and other factors Trade and other payables • Increase: Impact of price fluctuations in commodity markets and other factors Shareholders' equity • Increase: profit for the period (attributable to owners of the parent) • Decrease: dividend paid, share repurchased, and other factors
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© 2025 Sumitomo Corporation 4343 43 22. Shareholder Composition 34.3% 33.3% 35.7% 37.0% 33.4% 34.1% 32.7% 32.6% 32.7% 33.8% 34.4% 37.3% 24.3% 25.0% 26.3% 28.2% 27.9% 27.9% 28.1% 28.1% 26.6% 26.6% 26.1% 25.5% 17.2% 18.7% 15.7% 13.7% 15.6% 17.1% 17.6% 17.9% 18.9% 18.8% 18.6% 17.8% 13.4% 12.7% 12.1% 10.9% 12.9% 11.7% 12.7% 12.5% 13.1% 12.1% 12.2% 11.5% 10.8% 10.3% 10.2% 10.2% 10.1% 9.3% 8.8% 8.9% 8.7% 8.7% 8.6% 8.0% 2015/3 2016/3 2017/3 2018/3 2019/3 2020/3 2021/3 2022/3 2023/3 2024/3 2025/3 2025/9 Overseas Trust Banks Individual and Others Other Corporations Financial Institutions (excl. Trust Banks)
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© 2025 Sumitomo Corporation 4444 44