Japan’s Sumitomo Corp raises full-year profit forecast to $3.6 billion

TOKYO (Reuters) – Japanese trading house Sumitomo Corp on Tuesday raised its net profit forecast for the fiscal year through March to 560 billion yen ($3.61 billion) from previous guidance of 530 billion yen.

It also said net profit for April-December rose 3% from the same period a year earlier to 416.5 billion yen.

($1 = 155.1800 yen)

(Reporting by Katya Golubkova; Editing by Christopher Cushing)

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