Sumitomo Corporation's final loss of 150 billion yen deficit forecast 1 year until March next year August 7 14:40

Sumitomo Corporation, a major trading company, has announced that it is forecasting a final loss of 150 billion yen for the year ending March next year.

This was due to the loss of nickel production in Africa due to the spread of the new coronavirus.

Sumitomo Corporation has posted a deficit of 41 billion yen for the first three quarters of its financial results for the three months from April to June.